Industry Veteran Brad Williams, former senior vice president of operations at The Pantry, joins Mid-Atlantic Convenience Stores. Mid-Atlantic Convenience Stores (MACS), one of the largest ExxonMobil fuel distributors in the Mid-Atlantic region, has appointed of Brad Williams to its executive leadership team. Williams will serve as senior vice president of store operations and will oversee…
ConocoPhillips Expands Partnership With Heartland Payment Systems
The fuel marketer renews and increases its card processing agreement to include Visa and Mastercard transactions. ConocoPhillips has signed a five-year contract with Heartland Payment Systems, one of the nation’s largest payments processors. Under the expanded contract, Heartland Network Services group will continue to authorize debit and credit card transactions and will now also begin…
ConocoPhillips Names Its Downstream Company Phillips 66
The strategic repositioning of ConocoPhillips is expected to be completed in the second quarter of 2012. ConocoPhillips has revealed that its new independent downstream company, created through its previously announced strategic repositioning, will be named Phillips 66 and will be headquartered in Houston. Phillips 66 will have leading businesses in refining, marketing, midstream and chemicals.…
Coulson Oil Sets the Stage for Expansion
With a new real estate entity in place, the company is positioned to grow its chain of dealer-leased stores beyond Arkansas. By Erin Rigik, Associate Editor. Coulson Oil Co., one of the Southwest’s largest independent distributors of motor fuels, took a big step toward continued growth in August with the formation of Coulson Real Estate…
ConocoPhillips Spinoff Details Emerge
As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported.…
Nella Oil Joins Channel Partner Program
“The wide reach of the Voyager Network will be critical for us as we expand our business beyond California and Nevada,” says director of commercial fueling at Nella. Nella Oil Co. LLC has joined U.S. Bank’s Channel Partner Program. U.S. Bank is a provider of universal fleet fueling and maintenance cards and owner…
Breaking News: Sunoco Selling Refineries
“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus…
ConocoPhillips Begins Rolling Out KickBack Loyalty Program
ConocoPhillips is officially rolling out the KickBack Points Coalition Loyalty Program to branded marketers through a series of Road Show meetings starting today in Seattle. The meeting in Seattle will be the first of 28 Road Show meetings starting on the West Coast, before moving into the other ConocoPhillips markets. This program is a turnkey…
Marathon Petroleum Hungry For Acquisitions
Following its separation from Marathon Oil Corp., Marathon Petroleum is now preparing to grow its Speedway brand. Marathon Petroleum Corp., which spun off from Marathon Oil Corp. last month, is searching for acquisitions and seeking assets that meld with its strategy of refining oil and distributing the fuels produced, Reuters reported. “We have an appetite…
ConocoPhillips Announces Split
Separating upstream and downstream operations will make ConocoPhillips the largest independent refiner in the U.S. ConocoPhillips has announced it plans to split its business in two, separating its upstream and downstream operations, the Wall Street Journal reported. The news that the company will separate its refining-and-marketing assets from its energy and power companies sent shares of…