September 6, 2011 |
Sunoco Inc. plans to end nearly 120 years in the U.S. refining business, selling off its two remaining plants as higher crude prices and slumping demand squeezed profits in the latest restructuring of the sector. The Philadelphia company will remain a gasoline retailer through its 4,900 stations across the East Coast and Midwest, but will put its two Pennsylvania refineries on the block. The move is the latest shift in the U.S. refining market, which has seen a wave of companies disposing of refining assets, selling off plants or mothballing them over the last two years as firms reorganize businesses to adjust to the changing economics in the oil products markets.
CALIFORNIA | LOCAL
October 30, 1986
With every gas station in Los Angeles being turned into a shopping center soon it will take a tank of gas to find and get a tank of gas. MARGARET KARTALIAN Van Nuys
February 4, 2013 |
California Atty. Gen. Kamala D. Harris has filed a civil lawsuit against BP West Coast Products, BP Products North America Inc. and Atlantic Richfield Co., accusing them of violating state laws on hazardous materials and hazardous waste. The lawsuit accuses the parties of failing to properly inspect and maintain underground tanks used to store gasoline at more than 780 gas stations in California. "Safe storage of gasoline is not only common sense, it is essential to protecting the integrity of California's groundwater resources," Harris said.
June 28, 2010
BP's businesses include: Gas stations: About 22,400 retail outlets worldwide, including 11,500 in the U.S., under the names BP, Arco, Amoco and Aral (Germany) Convenience stores: About 1,200 AM/PM mini markets, primarily in the western U.S. Motor oil: Castrol Restaurants: About 1,000 Wild Bean cafes, specializing in coffee, baked goods and sandwiches, in Europe, South Africa, Australia and New Zealand Refineries: Sixteen refineries, owned wholly or in part, including one in Carson Alternative energy: Eight wind farms in the U.S., including one at San Gorgonio Pass near Palm Springs
May 31, 2010
Oil giant BP, as a devotee of British understatement might say, has something of an image problem. Its environmentally devastating spill in the Gulf of Mexico — and new questions about risky decisions it made in an effort to cut corners and save money — have led to congressional hearings, federal investigations and a 25% drop in the company's stock price. The crisis has also prompted worldwide derision, demonstrations and fury. All perfectly understandable under the circumstances.
CALIFORNIA | LOCAL
June 11, 2001 |
Two recent robberies of gas stations on Ventura Avenue may be connected, authorities said. Gasco, in the 700 block of North Ventura Avenue, was robbed about 11:30 a.m. Saturday by two men who demanded money but did not show a weapon, Ventura Police Lt. Brian Roberts said. One fled on foot and the other on a light-blue bicycle, Roberts said.