Often asked: Who Owns Sunoco Logistics?

In 2012, Dallas-based energy company Energy Transfer Partners purchased Sunoco. In 2014, Energy Transfer Partners acquired Susser Holdings Corporation, the parent company of Stripes Convenience Stores, and merged it with Sunoco into a master limited partnership, forming Sunoco LP.

Who bought Sunoco Logistics?

–(BUSINESS WIRE)– Sunoco Logistics Partners L.P. (NYSE: SXL) (“SXL”) and Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) today announced the completion of their previously announced merger of an indirect subsidiary of SXL, with and into ETP, with ETP surviving the merger as a wholly owned subsidiary of SXL.

What happened to Sunoco Logistics?

Energy Transfer Partners LP on Wednesday approved a merger with its subsidiary. The combined company, headquartered in Dallas, will begin trading Monday under the ticker symbol “ETP.”

What is the parent company of Sunoco?

Its parent company is Energy Transfer Partners LP, which owns Sunoco’s general partner and incentive distribution rights. In November 2016, Sunoco Logistics Partners LP acquired Energy Transfer Partners LP, which previously acquired all branches of Sunoco in 2012 for more than $5 billion.

When did Energy Transfer buy Sunoco?

DALLAS & PHILADELPHIA –(BUSINESS WIRE)– Apr. 30, 2012 — Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco, Inc.

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Did Sunoco buy energy transfer?

Sunoco Logistics on Monday announced a nearly $20 billion merger with Energy Transfer Partners, which oversees the disputed Dakota Access Pipeline project. The deal is the latest in a string of multibillion dollar mergers in the midstream energy storage and pipeline sector.

What happened Energy Transfer Partners?

In October 2018, ETE completed its acquisition of ETP. The simplified company is now operating as one partnership known as Energy Transfer LP, and is traded on the NYSE under the ticker symbol “ET.” In July 2018, ETP commenced operations of its fifth natural gas liquids (NGL) facility at Mont Belvieu, Texas.

Does ETP own Sunoco?

DALLAS and PHILADELPHIA, October 5, 2012 — Energy Transfer Partners, L.P. (NYSE:ETP) and Sunoco, Inc. (NYSE:SUN) today announced the successful completion of the previously announced merger of a wholly owned subsidiary of ETP, with and into Sunoco, with Sunoco surviving the merger as a subsidiary of ETP.

Who owns Mid Valley pipeline?

Sunoco Logistics Partners L.P. today announced that it has completed the previously announced acquisition of a 100 percent interest in Sun Pipe Line Company of Delaware LLC, the owner of a 55.3 percent equity interest in Mid-Valley Pipeline Company for $65 million.

Where is Sunoco headquarters?

Sunoco subsidiary Aloha Petroleum acquires Shell stations, Subway, convenience stores in Hawaii – Pacific Business News.

Does Sunoco own Exxon?

The joint venture, called Permian Express Partners, will consist of assets owned by both companies, according to a statement. Sunoco Logistics will take a stake of 85 percent, while Exxon will control the remaining 15 percent.

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Are Shell and Sunoco the same?

Sunoco 93 is just a name brand gas. It’s the same as the Shell V-power. But alot of peeple like Sunoco more than Shell. Sunoco 93 is just a name brand gas.

When did Energy Transfer Merge?

Energy Transfer LP and SemGroup Corporation Merger On December 5, 2019, Energy Transfer LP (ET) and SemGroup Corporation (SEMG) completed their previously announced merger, in which ET acquired SEMG.

Who owns Energy Transfer LP?

Co-founded in 1996 by Kelcy Warren and Ray Davis, Energy Transfer is now one of the most diversified, publicly traded energy infrastructure Partnerships in the country with more than 90,000 miles of pipeline and associated infrastructure traversing 38 states and Canada, international offices in Canada and Beijing, and

Who bought Energy Transfer Partners?

Sunoco Logistics Partners said Monday it is buying Energy Transfer Partners, part of the Energy Transfer family, in a transaction that values the target at $21.3 billion. The merger combines two firms involved in the controversial Dakota Access oil pipeline.

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