 | |
| Company type | Private |
|---|---|
| Industry | Petroleum industry |
| Predecessor | Gulf Oil 1901 |
| Founded | 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 |
|
| Website | gulfoil.com |
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]
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]
- ^ a b Chevron Agrees to Sell 4,000 Gasoline Stations to Cumberland Farms, LA Times, November 9, 1985
- ^ a b Cumberland Farms unit acquires rights to 'Gulf' brand from Chevron on Boston Business Journal By Jackie Noblett, January 13, 2010
- ^ a b ArcLight Capital Partners Affiliate Acquires Gulf Oil, LP, December 29, 2015
- ^ a b https://csnews.com/racetrac-completes-gulf-oil-acquisition [bare URL]
- ^ The chairman of Chevron Corp., which acquired Gulf Oil... by ROZ LISTON on United Press International, March 19, 1985