Boyett Petroleum

Last updated
Boyett Petroleum
Industry Petroleum, Fuel Supplier, Convenience Stores
Founded1940
FounderStan Boyett, Carol Boyett
Headquarters Modesto, California
Key people
  • Carl Boyett (CEO, Owner)
  • Dale Boyett (President, Owner)
  • Carole Boyett (Owner)
  • John Kruse (CFO)
  • Katie Hollowell (Chief Legal Officer)
  • Ken Berns (VP of Wholesale)
  • Clark Nakamura (VP of Distribution)
  • Scott Castle (President)
Website boyett.net

Boyett Petroleum is a family-owned, independent fuel supplier, distributor, and retailer based in Modesto, California. [1] The company sells gas under the Boyett Petroleum, Cruisers and Kwik Serv brands, distributes to over 500 gas stations in California and Nevada, [1] [2] and supplies diesel directly to a large segment of California’s agricultural community. [3]

Contents

History

Stan and Carol Boyett both began their careers in the oil industry, Stan with Shell Oil and Carol with Standard Oil of California. The couple married in 1935. Stan founded Boyett Petroleum in 1940 and following World War II the couple became partners in several local gas stations serving the Modesto, Manteca and Atwater area. In the 1950s the family partnered with Walter Barbour to form a chain of Barbour Premium Gas stations. [2] [4] In 1962 the Boyetts bought Richfield Oil distributorship, also in Modesto. In 1970 Stan and Carol’s son, Carl Boyett, joined the family business. [4] In the decades that followed the company continued to expand, mostly through organic growth, [3] distributing gas for Valero, 76, ConocoPhillips and ARCO, and by the 1980s Boyett Petroleum was operating ten retail stations from San Jose to Reno and Modesto to Santa Rosa. [4] In 1985 Stan and Carol Boyett retired and Carl took over as CEO. [3] [5] In 1993 Carl’s son, Dale Boyett, joined the company and in 2004 he assumed day-to-day responsibility for operating the company as President. [1] [3]

In 2008, Boyett Petroleum acquired wholesale distributor Toms Sierra Company. After the deal Boyett Petroleum had 110 branded accounts and was marketing over 20 million gallons of gas a month. [1] [6] In 2011, the company introduced the CRUISE Americard, a universal fleet fueling card, which is accepted at over 230,000 service and fuel locations nationwide. [7] [8] They also own and operate eight Cruiser convenience stores serving the Central Valley. [9] In 2015, the company purchased fuel distribution contracts for ninety Valero and 76 gas stations from MCW Energy group. [3] [10] The deal grew its network to more than 500 stations in California and Nevada and increased sales to 400 million gallons of gas per year. [2] [3] Boyett Petroleum is the largest distributor of Valero on the West Coast. [10] [11]

In 2019, the company announced its new branding deal, that will see 10 of its retail stations in the Modesto metropolitan area being renamed from "Cruisers, Cruise In, Cruise Out" to 76®. the rebrand was set to take place in the fourth quarter of 2019. [12]

The company remains based in Modesto, California and currently employs approximately 170 people. [3]

Charity

In 2009 the Boyett Family founded the Make Dreams Real Endowment Fund to provide support for children’s programs in Stanislaus County. Boyett Petroleum underwrites an annual golf tournament and all proceeds go to the fund. Ten percent of the fund’s balance is awarded annually to various programs, including Foothill Horizons Outdoor Education Camp for local school districts, Oakdale Education Foundation, Modesto Symphony Orchestra and more. Since its inception the fund has raised more than 1.1 million dollars. [13] [14] B Green Collection Events are quarterly events where customers bring in recyclable items and the value of the donated items is matched by Boyett dollar-for-dollar with all proceeds benefitting the City of Modesto Parks. The project earned the company a Captain Planet Foundation Outlook Leadership 2011 Award for Environmental Stewardship. [15] [16] In 2015, Wesson Ranch Park in Modesto was remodeled with funding from these events. [17] Boyett Petroleum is also a key sponsor of the Gallo Center for the Arts. [18]

Related Research Articles

<span class="mw-page-title-main">Filling station</span> Facility which sells gasoline and diesel

A filling station is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline and diesel fuel.

<span class="mw-page-title-main">Sunoco</span> American energy company

Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.

Alimentation Couche-Tard Inc., or simply Couche-Tard, is a Canadian multinational operator of convenience stores. The company has 14,302 stores across Canada, the United States, Mexico, Ireland, Norway, Sweden, Denmark, Estonia, Latvia, Lithuania, Poland, Russia, Japan, China, and Indonesia. The company operates its corporate stores mainly under the Couche-Tard, Circle K, and On the Run brands but also under the affiliated brands Mac's Convenience Stores, go!, 7-jours, Dairy/Daisy Mart, Becker's and Winks.

<span class="mw-page-title-main">Valero Energy</span> American energy company

Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the U.K., the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.2 billion gallons per year, and 12 ethanol plants with a combined production capacity of 1.6 billion gallons.

<span class="mw-page-title-main">Tesoro Corporation</span> American energy company

Tesoro Corporation, known briefly as Andeavor, was a Fortune 100 and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. Based on 2017 revenue, the company ranked No. 90 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Circle K</span> American chain of convenience stores

Circle K Stores, Inc. is an American chain of convenience stores headquartered in Tempe, Arizona, and owned by Alimentation Couche-Tard, Inc., based in Laval, Quebec, Canada. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003. As of February 2020, Circle K has 9,799 stores in North America, 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.

<span class="mw-page-title-main">76 (gas station)</span> American fuel station chain owned by Phillips 66

76 is a chain of gas stations located within the United States. The 76 brand is owned by Phillips 66. Unocal, the original owner and creator of the 76 brand, merged with Chevron Corporation in 2005.

<span class="mw-page-title-main">Speedway (store)</span> American convenience store and fuel station chain owned by Japanese Seven & I Holdings

Speedway is an American convenience store and fuel station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 36 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a wholly owned subsidiary of the Marathon Petroleum Corporation. It is the largest convenience store chain in central Ohio.

<span class="mw-page-title-main">Marathon Petroleum</span> American petroleum refining, marketing, and transportation company

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.

<i>ampm</i> US multinational convenience store chain

ampm is a convenience store chain with branches located in several U.S. states, including Arizona, California, Nevada, Oregon, Washington and in several countries such as Costa Rica and Brazil. The brand pulled out of the Eastern United States in 2012, but returned a decade later.

<span class="mw-page-title-main">Phillips 66</span> American multinational energy company

The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets into a new company bearing the Phillips name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.

<span class="mw-page-title-main">RaceTrac</span> American gasoline retail company

RaceTrac Inc. is an American corporation that operates a chain of gasoline service stations across the Southern United States. In 2023, Forbes ranked RaceTrac Inc. as the 18th largest private company in the United States and ranked 22 with an annual revenue of $19.72 billion.

<span class="mw-page-title-main">Diamond Shamrock</span> US oil refinery and gas station company

Diamond Shamrock is an American brand of gasoline stations under the ownership of the Valero Energy Corporation and is currently headquartered in San Antonio, Texas. The former company was established on December 1, 1967 when Cleveland-based Diamond Alkali merged with Shamrock Oil of Amarillo, Texas, creating the entity known as the Diamond Shamrock Corporation.

<span class="mw-page-title-main">Delek US</span> Independent refiner and marketer of petroleum products

Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing headquartered in Brentwood, Tennessee.

<span class="mw-page-title-main">Ultramar</span> Canadian gas station chain

Ultramar is an Eastern Canadian gas and home fuel retailer, with its head office located in Montreal, Quebec. Ultramar operates gas stations and home fuel delivery in Ontario, Quebec, and Atlantic Canada.

GoMart, Inc. is a convenience store chain based in Gassaway, West Virginia. The company currently operates over 100 stores in most of the state of West Virginia, and border areas of Virginia and Ohio. Most Go-Mart stations are unbranded. Go-Mart is the 53rd-largest convenience store chain in the United States.

<span class="mw-page-title-main">USA Gasoline</span>

U Save Automatic is an American oil company which operates in the United States. It was founded as Skypower Gasoline by Peter Moller and his sons Poul, Finn and John and changed the name to USA Gasoline in 1968. USA Gasoline operated in 10 states, including Alaska, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. It became a subsidiary of Tesoro Corporation in 2007, later renamed Andeavor in 2017, which was, in turn, acquired by Marathon Petroleum in 2018.

CST Brands, Inc. was an American publicly traded fuel and convenience retailer. It was the second-largest of its kind in North America, with 1,900 outlets in the U.S. and Canada. CST Brands had 2013 revenues of about $12.8 billion and made approximately $360 million in EBITDA. Stores were concentrated in the central and southwestern U.S. states and in eastern Canada. Corner Store was the firm's primary retail brand in the US and in Canada's English speaking provinces. In Canada's French speaking provinces, Dépanneur du Coin was the company's retail brand. In addition to convenience store retail sales, CST Brands also sold fuel under a number of licensed energy brands such as Valero, Exxon, Shell, and Phillips 66.

Parkland Corporation is a Calgary, Alberta-based energy and retail company. Parkland operates gas stations under the Pioneer, Columbia Fuels, Ultramar, Chevron, and Fas Gas Plus brands, as well as franchised Esso locations. The company holds the rights to the convenience store brand On the Run in Canada and most of the United States, and franchises White Spot's fast food restaurant chain Triple O's in Alberta, British Columbia, and Ontario. Parkland also operates commercial oil and gas businesses under the Bluewave Energy, Sparlings, and Ultramar brands.

References

  1. 1 2 3 4 Eve Hightower, “Boyett expands in Northern California,” The Modesto Bee , July 2, 2008.
  2. 1 2 3 "Work In Progress ñ Boyett Petroleum," Archived 2015-05-24 at the Wayback Machine Modesto Chamber of Commerce, April 13, 2015.
  3. 1 2 3 4 5 6 7 J.N. Sbranti, "Modesto fuel wholesaler Boyett expands distribution network to 500 stations," The Modesto Bee , January 5, 2015.
  4. 1 2 3 “Family History,” boyett.net, retrieved July 13, 2015.
  5. ↑ Elizabeth Douglass and Claire Hoffman, "State Feeling Pain of High Diesel Prices," Los Angeles Times , August 8, 2005.
  6. ↑ "Boyett Acquires Branded Wholesale Business from Sierra Energy," Oil & Automotive Service Marketing News Archived March 1, 2003, at the Wayback Machine , August, 2008.
  7. ↑ "Boyett Petroleum Joins U.S. Bank Voyager's Channel Partner Program," Convenience Store News , January 13, 2010.
  8. ↑ "Boyett Gets Bigger," Archived 2015-09-23 at the Wayback Machine Convenience Store and Fuel News Archived 2015-09-10 at the Wayback Machine , July 3, 2008.
  9. ↑ “Boyett Companies,” boyett.net, retrieved July 13, 2015.
  10. 1 2 "Boyett Bulks Up on MCW's Valero, 76 Stations," Archived 2015-09-23 at the Wayback Machine CSP Daily News Archived 2015-08-22 at the Wayback Machine , December 23, 2014.
  11. ↑ “Boyett Petroleum Purchases Branded Contracts of MCW Fuels,” FuelMarketerNews.com, August 2015.
  12. ↑ "Boyett Petroleum to Rebrand Company-Owned Cruisers Stations". Convenience Store News. 2019-09-04. Retrieved 2019-11-11.
  13. ↑ Elizabeth Arakelian, "Boyett Petroleum prepares to release 2015 recipients of grant funding," [ permanent dead link ] Turlock Journal , June 25, 2015.
  14. ↑ "Boyett Petroleumís Make Dreams Real Endowment Fund Exceeds $1 Million Dollar Goal," Fuel Marketer News , May 2015.
  15. ↑ Mitch Morrison, "Honoring Green Retailers," Archived 2015-09-23 at the Wayback Machine CSP Magazine Archived 2015-08-22 at the Wayback Machine , 2011.
  16. ↑ “Green Sheen,” Archived 2015-09-23 at the Wayback Machine CSP Magazine Archived 2015-08-22 at the Wayback Machine , November 2011.
  17. ↑ “Wesson Ranch Park gets new playground,” The Modesto Bee , April 6, 2015.
  18. ↑ Lisa Millegan, "Businessmen support Gallo center," The Modesto Bee , September 10, 2007.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.