U.S. retail and marketing continuing operations generated earnings of $88.0 million in the third quarter of 2011 compared to earnings of $59.0 million in the 2010 quarter. Murphy Oil Corp.’s net income in the third quarter of 2011 totaled $406.1 million ($2.09 per diluted share), which was double the net income of $202.8 million ($1.05 per diluted share) in…
Englefield Oil Celebrates Its 50th Anniversary
Three generations of exceptional leadership and a keen focus on employees help the family business reach this distinctive milestone. By: John Lofstock, Editor. To understand the history of the convenience store and petroleum industry is to understand the individual success stories that helped build our great nation. Each company has a unique story, but their…
Big Apple Gas Giveaway Celebrates Revamped Stations
Gift card giveaway encourages customers to visit redesigned stations. Maine-based CITGO fuel distributor C.N. Brown Co. is giving away more than $1,000 a day in CITGO Gift Cards valid for fuel and convenience store purchases at 43 Big Apple and other participating locations across Maine and New Hampshire. The contest celebrates C.N. Brown’s 20-year partnership with CITGO…
Delek US Acquires Remaining Interest in Lion Oil
“We have increased flexibility with which to pursue a wider range of strategic initiatives capable of unlocking value for our shareholders,” says Delek US Holdings CEO. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, has acquired the remaining 11.7% minority equity interest in Lion Oil…
Atlas Makes New Executive Appointments
Atlas Oil has announced additions to its executive team. Shawn Ryan, formerly director of the Atlas Oil’s DELTA Process Improvement team, has been promoted to vice president, operations. Ryan will also join the company’s senior leadership team. In addition, Atlas has hired Michael Loomis as director of sales operations. “I am very pleased to make…
Frost & Sullivan Awards Telvent DTN
Telvent DTN’s customer-centric terminal automation solutions for the oil and gas industry win recognition. Frost & Sullivan has recognized Telvent DTN, a real-time IT solutions and information provider, with its 2011 North American Frost & Sullivan Award for Customer Value Enhancement based on its recent analysis of the terminal automation market for the oil and…
Is Big Oil Losing its Drawing Power?
For many, many years the power of the Big Oil brands was indisputable. They owned the refineries, the stations and the credit card networks to boot. While my father was an Exxon dealer and jobber for more than 30 years I distinctly remember seeing Shell and Texaco credit cards lying around the house. In those…
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.…
Atlas Oil to Host Sept. 11 Remembrance Week
Atlas partners with the U.S. Army on key activities for the week, including a career fair and flag raising ceremony. Taylor, Mich.-based Atlas Oil plans to host a Remembrance Week Sept. 12-16, to commemorate the 10th Anniversary of 9/11 and to thank first responders for their dedication and service to our country. The U.S.…
Clark Brands Signs Foster Blue Water Oil
“We’re proud to have Foster Blue Water as a Clark licensee,” says Clark CEO. Clark Brands LLC announced that Foster Blue Water Oil of Richmond, Mich., has branded with Clark. The partnership will continue the growth of the Clark brand in southeast Michigan. Clark will provide customized branding and marketing programs as Foster Blue Water…