For the original petroleum company defunct in 1985, see Gulf Oil.
Gulf Oil LP
Company type
Private
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
Chevron Corporation (1985–2010)[1]
Cumberland Farms (2010–15)[2]
ArcLight Capital Partners (2015–23)[3]
RaceTrac (2023–present)[4]
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]
^ abChevron Agrees to Sell 4,000 Gasoline Stations to Cumberland Farms, LA Times, 9 Nov 1985
^ abCumberland Farms unit acquires rights to 'Gulf' brand from Chevron on Boston Business Journal By Jackie Noblett, 13 Jan 2010
^ abArcLight Capital Partners Affiliate Acquires Gulf Oil, LP, 29 Dec 2015
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coalition led by the United States launched the Gulf War to expel Iraqi forces from Kuwait. Following the Gulf War, the US and its allies tried to keep Saddam...
its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. Fred C. Koch died in 1967 and his majority interest in...
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