Gulf Oil LP
Oil company / From Wikipedia, the free encyclopedia
For the original petroleum company defunct in 1985, see Gulf Oil.
Gulf Oil LP is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $13 billion in 1985.[1][5]
Quick Facts Company type, Industry ...
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Company type | Private |
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Industry | Petroleum industry |
Predecessor | Gulf Oil 1901; 123 years ago (1901) |
Founded | 1986; 38 years ago (1986) |
Headquarters | Wellesley, Massachusetts, U.S. |
Number of locations | 1,190 (2022) |
Area served | United States East Coast |
Key people | Eric Johnson (President and CEO) |
Products | Fuels, Lubricants Greases Marine Lubricants |
Revenue | US$575.6 million (2022) |
Owner |
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Website | gulfoil.com |
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By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country.[2] Once based in Chelsea, Massachusetts and Newton, Massachusetts, Gulf Oil LP then shared its headquarters with Cumberland Farms in Framingham, Massachusetts. In 2015, Cumberland sold the company to ArcLight Capital Partners and moved the company to its own office in Wellesley, Massachusetts,[3] eventually selling to convenience store chain RaceTrac in 2023.[4]