Fuels: Page 4
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Permission granted by Liquid Barcodes
Chevron to purchase PDC Energy for $6.3B
The acquisition, which is expected to close by the end of the year, should add $1 billion in free cash flow to the oil major’s financials.
By Jessica Loder • May 22, 2023 -
Retrieved from Majors press release.
Majors Management sells recently acquired commercial fuels business
Offloading that segment will allow the retailer to focus on the fast-growing c-store side of its business, according to its president.
By Brett Dworski • May 17, 2023 -
Tim Boyle via Getty Images
US supports sale of CITGO by next summer
The Biden administration has said it would no longer protect the Venezuelan state-owned oil giant from seizure to pay off creditors.
By Brett Dworski • May 8, 2023 -
Retrieved from Sunoco.
Sunoco grows fuel distribution arm with $110M acquisition
The company plans to continue seeking deals, CEO Joe Kim said on a recent earnings call.
By Brett Dworski • May 3, 2023 -
Retrieved from Parkland.
Parkland links loyalty program with Air Canada
The new partnership will let members of both companies’ rewards platforms combine their accounts, resulting in more earnings and benefits from each business.
By Brett Dworski • April 19, 2023 -
Win McNamee via Getty Images
ExxonMobil exploring ‘blockbuster’ acquisition of fracking firm
While talks are still in early stages, the deal would be the company’s biggest move since its merger with Mobil Corp.
By Jessica Loder • April 11, 2023 -
Courtesy of Foxtrot Market
ColumnWhat does convenience look like in a future where fuel matters less?
The c-store model hasn’t changed much in recent decades, but new formats from Yesway, Casey’s and Urban Value Corner Store offer key insights to addressing the rise of electrification, writes Frank Beard.
By Frank Beard • March 28, 2023 -
Permission granted by Arko
Arko to enhance its loyalty program and EV charging capabilities in 2023, CEO says
The retailer said during its earnings call that development of its new mobile app is in the “final stages,” while its electrification initiatives remain “aggressive.”
By Brett Dworski • March 1, 2023 -
Retrieved from Enel X.
Global Partners to include EV charging at all new Alltown Fresh stores, CEO says
The retailer will also build ports at six existing stores, as it has secured more than $800,000 in grants for the project.
By Brett Dworski • Feb. 27, 2023 -
Retrieved from Chevron website.
Chevron promotes Mark A. Nelson to vice chairman
The longtime executive will lead strategy and sustainability, corporate affairs and business development functions, as well as take on additional corporate responsibilities.
By Brett Dworski • Feb. 27, 2023 -
Graeme Robertson via Getty Images
BP’s acquisition of TA signals that big oil is back in the c-store game
Last week’s $1.3 billion deal will prompt more fuel companies to stock up on retail stores to diversify their assets in the face of disruption, experts say.
By Brett Dworski • Feb. 23, 2023 -
Courtesy of Shell
Shell’s directors being sued for mismanaging climate risk
ClientEarth, one of the fuel giant’s investors, claims the company’s current policy doesn’t align with the Paris Agreement.
By Brett Dworski • Feb. 10, 2023 -
Retrieved from Car IQ website.
Circle K joins $15M funding round for Car IQ
The money will be used to grow and add new commerce categories to the payment company’s platform, such as EV charging, repairs, registration and insurance.
By Brett Dworski • Feb. 7, 2023 -
Retrieved from TA press release.
TravelCenters of America to deploy 1,000 EV charging ports by 2028
The stations will appear at more than 200 locations and will be run by manufacturer Electrify America.
By Brett Dworski • Jan. 30, 2023 -
Courtesy of Colonial Oil
Colonial Oil acquires Georgia competitor
This marks the second acquisition over the past year for the Savannah, Georgia-based gas supplier.
By Jessica Loder • Jan. 25, 2023 -
Retrieved from Phillips 66 press release.
Why c-store operators are concerned about the future of EV charging
In a recent roundtable discussion held by Convenience Leaders Vision Group, retailers said profitability and a consistent business model are their biggest challenges.
By Brett Dworski • Jan. 20, 2023 -
Retrieved from Volta press release.
Shell USA acquires EV-charging company Volta for $169M
The move further establishes the London-based fuel retailer as a major player in the U.S. electrification space.
By Brett Dworski • Jan. 19, 2023 -
Thai Phi Le/C-Store Dive
NACS unveils EV charging matchmaker tool
The program connects retailers with charging companies to help locate, design and build their own infrastructure.
By Jessica Loder • Jan. 18, 2023 -
Courtesy of EVgo
EVgo and Amazon team up for voice-enabled EV charging
The companies will direct drivers to area chargers and enable them to pay from inside the vehicle using the Alexa voice assistant.
By Jessica Loder • Jan. 10, 2023 -
Brandon Bell via Getty Images
Offen Petroleum makes ninth acquisition since 2015
The distributor’s purchase of Midwest contemporary Gas Depot expands its footprint to the Chicagoland area.
By Brett Dworski • Jan. 5, 2023 -
Retrieved from Trillium press release.
Love’s focuses on renewable fuels with loyalty program expansion
Customers can now earn points when they purchase compressed natural gas (CNG) at Love’s-owned Trillium stations.
By Brett Dworski • Dec. 14, 2022 -
Oli Scarff via Getty Images
BP’s $4.1B acquisition of Archaea approved by shareholders
BP’s CEO has described his company as “the natural owner” of the RNG producer, with exponential growth ahead.
By Cole Rosengren • Dec. 14, 2022 -
Retrieved from Circle K video.
Circle K expanding its user-generated content platform with new fuel ads
The new campaigns will feature four digital and social-media ads running throughout the next year.
By Brett Dworski • Dec. 6, 2022 -
Retrieved from Journie rewards app page.
Parkland to double initial EV charging plan to 50 locations
The retailer’s new charging goal will almost triple the number of ultra-fast chargers in Metro Vancouver thanks to almost $7 million in government aid.
By Brett Dworski • Dec. 5, 2022 -
Retrieved from EG Group website.
EG Group looks to accelerate EV charging plan
The c-store company is “exploring a range of options” to step up its rollout as it adds ultra-fast charging stations in Europe and the U.S., co-founder and co-CEO Zuber Issa said in the company’s third-quarter earnings report.
By Brett Dworski • Dec. 1, 2022
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