Editing Sunoco (section)

{{Short description|American energy company}}
{{About|the U.S. oil company|the now{{En dash}}unaffilated Canadian oil company|Suncor Energy}}
{{Distinguish|text=[[Sonoco]], a packaging products company}}
{{Infobox company
| name = Sunoco LP
| logo = Sunoco 2023.png
| logo_size = 255px
| logo_caption = 
| type = [[Public company|Public]]
| traded_as = {{NYSE|SUN}}
| foundation = {{sda|2014}}
| founder = 
| location = [[Dallas, Texas]], U.S.
| key_people = {{Plain list|
* Joseph Kim ([[President (corporate title)|president]] & [[Chief executive officer|CEO]])
* Karl Fails (executive vice president, [[chief operating officer]])
* Brian Hand (executive vice president, chief sales officer)
* Austin Harkness (executive vice president, chief commercial officer)
* Dylan Bramhall ([[chief financial officer]])
* Scott Grischow ([[Vice President|senior vice president]], [[finance]], and [[treasurer]])
}}
| industry = [[Petroleum industry]]
| products = {{Plain list|
* [[Gasoline|Fuel]]
* [[Diesel fuel]]
* [[Jet fuel]]
* [[Heating oil]]
* [[Lubricant]]s
* [[Kerosene]]
* [[Propane]]
* [[Chemicals]]
* [[Diesel Exhaust Fluid]]
* [[Gasoline additive|Additives]]
* [[Fuel card|CardLock]]
* [[Ethanol]]
* [[Renewable Fuels]]
* [[Bitumen|Asphalt]]
* [[Ammonia]]
* [[Butane]]
* [[Crude Oil]]
}}
| revenue = {{increase}} $23.068 billion (2023)
| net_income = 
| assets = 
| equity = 
| num_employees = 2,389 (2023)
| homepage = {{ubl
 | {{URL|http://www.Sunoco.com/}}
 | {{URL|https://www.SunocoLP.com/}}
}}
| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm | title=Sunoco LP 2022 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}

[[File:A Sunoco fuel station in Peachtree, North Carolina.jpg|thumb|A Sunoco fuel station in [[Peachtree, North Carolina]]]]

'''Sunoco LP''' {{IPAc-en|s|ə|ˈ|n|oʊ|k|oʊ}} is an American [[master limited partnership]] organized under [[Delaware General Corporation Law|Delaware state law]] and [[headquartered]] in [[Dallas, Texas]]. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of [[gasoline|fuel]]s and operator of energy infrastructure. It was previously engaged in [[petroleum|oil]], [[natural gas]] [[exploration]] and [[Production (economics)|production]], [[refining]], [[chemical manufacturing]], and [[retail]] fuel sales, but divested these businesses.

The partnership was known as '''Sun Company, Inc.''' from 1886 to 1920 and 1976 to 1998, and as '''Sun Oil Co.''' from 1920 to 1976. The Sunoco name is a contraction of SUN Oil COmpany.

Its current operational focus dates back to 2018, when it divested the non{{En dash}}core [[convenience store]] operations to [[7-Eleven]] for $3.2 billion,<ref>[https://www.dallasnews.com/business/retail/2018/01/24/7-eleven-completes-purchase-of-1030-sunoco-stores-after-ftc-review-excludes-59/ "7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59"] ''Dallas Morning News''. Retrieved 2024-10-18.</ref> which allowed for Sunoco LP to improve its financial position.<ref>[https://www.cspdailynews.com/mergers-acquisitions/7-eleven-gains-stores-sunoco-changes-its-stripes "7-Eleven Gains Stores as Sunoco Changes Its Stripes"] ''CSP Daily News''. Retrieved 2023-02-15.</ref> The transaction also provided a long-term take or pay fuel supply agreement with 7-Eleven to generate consistent earnings and cash flows.<ref>[https://www.fitchratings.com/research/corporate-finance/fitch-upgrades-sunoco-lp-to-bb-rates-senior-unsecured-note-offering-bb-rr4-outlook-stable-08-01-2018 "Fitch Upgrades Sunoco, LP to 'BB'"] ''Fitch Ratings''. Retrieved 2024-10-18.</ref> As of 2024, Sunoco still operates 76 retail locations, all of which are located in New Jersey and Hawaii, the latter branded as [[Aloha Petroleum|Aloha Petroleum, Ltd.]].<ref>{{cite web |title=Form 10-Q- March 31, 2024 |url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0001552275/ab45b176-5605-4838-827a-7a9a1e74687e.pdf |website=SEC |access-date=31 October 2024}}</ref>

As of 2024, the company distributes over {{convert|8|e9usgal|e9L|abbr=off|sp=us}} of fuel<ref>[https://rbnenergy.com/house-of-the-rising-sun-sunoco-lps-7.3-billion-deal-to-acquire-nustar-energy "House of the Rising SUN - Sunoco LP's $7.3 Billion Deal to Acquire NuStar Energy"] ''RBN Energy''. Retrieved 2024-09-04.</ref> across more than 40 U.S. states and territories,<ref>[https://www.ogj.com/general-interest/companies/article/14303912/sunoco-lp-to-acquire-nustar-energy-in-73-billion-deal "Sunoco LP to acquire NuStar Energy in $7.3-billion deal"] ''Oil & Gas Journal''. Retrieved 2024-09-04.</ref> making it one of the largest independent fuel distributors in the United States.<ref>[https://www.ttnews.com/articles/sunoco-buy-nustar-energy-fuel "Sunoco to Buy NuStar Energy for $7.3 Billion"] ''Transport Topics''. Retrieved 2024-09-04.</ref> Its midstream operations include a network of approximately {{convert|14000|mi}} of pipeline and over 100 terminals.<ref>[https://www.cspdailynews.com/mergers-acquisitions/petrotex-completes-sale-c-stores-sunoco "PetroTex Completes Sale of C-Stores to Sunoco"] ''CSP Daily News''. Retrieved 2025-01-03.</ref> It has by far the largest number of gas stations in [[Pennsylvania]] at over 800 locations, more than triple that of second-place [[ExxonMobil]], though it is second to convenience store chain [[Sheetz]] in total fuel sales in the state.<ref>https://www.scrapehero.com/location-reports/Sunoco-USA/#:~:text=How%20many%20Sunoco%20gas%20stations,as%20of%20January%2029%2C%202025.</ref><ref>https://www.scrapehero.com/location-reports/top-gas-stations-in-pennsylvania-usa/#:~:text=Exxon%20Mobil%2C%20Shell%20and%20Marathon,has%2083%20locations%20in%20Pennsylvania.</ref><ref>{{cite web |last=Williams |first=Mark |date=2021-04-09 |title=First central Ohio Sheetz store to open Tuesday, shifting gas station landscape |url=https://www.dispatch.com/story/business/2021/04/09/sheetz-open-first-central-ohio-store-delaware/4819448001/ |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20210409101909/https://www.dispatch.com/story/business/2021/04/09/sheetz-open-first-central-ohio-store-delaware/4819448001/ |archive-date=2021-04-09 |website=[[The Columbus Dispatch]]}}</ref>