Statoil Fuel & Retail

Last updated
Statoil Fuel & Retail
Company type Subsidiary
Industry Petroleum, Retail
Predecessor Statoil ASA
Founded2010;14 years ago (2010)
Defunct2016 (2016)
FateAcquired by Alimentation Couche-Tard and rebranded as Circle K
Headquarters Oslo, Norway
Number of locations
2,239 stations
Area served
Northern Europe
RevenueIncrease2.svg NOK 73.7 billion (2011)
Number of employees
17,500 (2014)
Parent Alimentation Couche-Tard
Website www.statoilfuelretail.com
Statoil in Lithuania STATOIL in Lithuania.jpg
Statoil in Lithuania

Statoil Fuel & Retail was a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company. [1] [2]

Contents

The company had 2,300 fuel retail stations in Scandinavia, Poland, the Baltic countries and Russia as well as significant lubricants and aviation fuel operations. [3] It was listed as a separate company on the Oslo Stock Exchange on October 22, 2010. [4]

On 18 April 2012 it was announced that Alimentation Couche-Tard would buy Statoil Fuel & Retail for US$2.8 billion and it would become a wholly owned indirect subsidiary of Couche-Tard. [5] The deal included the right to use the "Statoil" brand for the stations until 30 September 2019. [6]

In September 2014, the jet fuel business of Statoil Fuel & Retail was sold to BP for an undisclosed amount. [7]

On 22 September 2015 it was announced that the "Statoil" branding would be phased out, and replaced by Circle K as part of a global rebranding scheme involving all Couche Tard-owned retailers. [8]

In 2016, Couche-Tard decided to merge Circle K and Statoil Fuel & Retail into the Circle K brand. [9] [10]

Brands and geographic presence

Statoil Fuel & Retail was presented in eight countries (2010): [11]

Country"Statoil"
branded stations
"Statoil"
branded stations after merge with Alimentation Couche-Tard
"1-2-3"
branded stations
Ingo
branded stations
Total number
of "Statoil" stations before merger
Remark
Flag of Denmark.svg  Denmark 214 (Merged in2016) [12] 0[ citation needed ]7124309Manager: Fuchs Petrolub from 2015 [13]
Flag of Estonia.svg  Estonia 46 (Merged in 2017)06-52Manager: Fuchs Petrolub from 2015 [14]
Flag of Latvia.svg  Latvia 74 (Merged from 2017 till 2018)05-79Manager: Fuchs Petrolub from 2015 [15]
Flag of Lithuania.svg  Lithuania 63 (Merged from 2017 till 2018)013-77 [16] Manager: Fuchs Petrolub from 2015 [17]
Flag of Norway.svg  Norway 427 (Merged from 2015 till 2016)1(data from April 6, 2017)145-572Manager: Fuchs Petrolub from 2015 [18]
Flag of Poland.svg  Poland 249 (Merged in2016)048-297
Flag of Russia.svg  Russia 19 (Merged in 2018)19--19
Flag of Sweden.svg  Sweden 682 (Merged from 2015 till 2016)0-123805Manager: Fuchs Petrolub from 2015 [19]

Related Research Articles

<span class="mw-page-title-main">Mobil</span> American petroleum brand owned by ExxonMobil

Mobil is a petroleum brand owned and operated by American oil and gas corporation ExxonMobil. The brand was formerly owned and operated by an oil and gas corporation of the same name, which itself merged with Exxon to form ExxonMobil in 1999.

<span class="mw-page-title-main">History of Statoil (1972–2007)</span>

Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro. Statoil was the largest petroleum company in the Nordic countries. In the 2013 Fortune 500, Statoil was ranked as the 39th -largest company in the world. While Statoil was listed on both the Oslo Stock Exchange and the New York Stock Exchange, the Norwegian state still held majority ownership, with 64%. The company's headquarters are located in Norway's oil capital Stavanger. The name Statoil was a truncated form of the State's oil (company).

<span class="mw-page-title-main">Esso</span> Oil and gas company

Esso is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso", to which the other Standard Oil companies would later object.

<span class="mw-page-title-main">Mac's Convenience Stores</span> Canadian chain of convenience stores

Mac's Convenience Stores was a chain of convenience stores in Canada. The company was divided into three geographic business units: eastern Canada, central Canada, and western Canada. It had been owned and operated by Alimentation Couche-Tard since 1999. Since 2017, it served as one of Couche-Tard's two main banners in English-speaking Canada, alongside Circle K. The brand has been phased out in favour of the Circle K banner.

Alimentation Couche-Tard Inc., or simply Couche-Tard, is a Canadian multinational operator of convenience stores. The company has approximately 16,700 stores across Canada, the United States, Mexico, Ireland, Norway, Sweden, Denmark, Estonia, Latvia, Lithuania, Poland, 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. Operations in Russia were suspended in 2022.

<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">Irving Oil</span> Canadian oil company

Irving Oil Ltd. is a Canadian privately-owned intergenerational gasoline, oil, and natural gas producing and exporting company, a subsidiary of the parent company Irving Group of Companies,—one of the largest "private conglomerates" in North America. Irving Oil was one established in 1924 by Canadian oil baron and billionaire, Kenneth "K.C." Irving, whose family fortune when he died in 1992 was estimated by Forbes at USD$5 billion. His son, Arthur, became chairman and president of Irving Oil. Arthur Irving died in 2024

DCC plc is a leading Irish international sales, marketing and support services group. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">On the Run (convenience store)</span> Convenience store brand

On the Run is a flagship convenience store brand developed by ExxonMobil, used at Exxon and Mobil stations in the United States and at Esso and Mobil stations internationally. Alimentation Couche-Tard acquired the On the Run trademark and franchise network in the U.S. in 2009, and Parkland Fuel did the same in Canada in 2016; ExxonMobil retains full ownership of the brand in the rest of the world.

<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.

Aker Drilling, was a Norwegian drilling rig operation company; based in Stavanger, Norway and majority owned by the Aker Group. It was listed on Oslo Stock Exchange under the ticker - 'AKD'.

<span class="mw-page-title-main">Equinor</span> Norwegian energy company

Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. In 2023, the company was ranked 52nd in the same list. As of 2021, the company has 21,126 employees.

<span class="mw-page-title-main">Odfjell Drilling</span> Odfjell Drilling Ltd

Odfjell Drilling Ltd. is an oil drilling, well service, and engineering company.

<span class="mw-page-title-main">Topaz Energy</span> Irish petroleum retail chain

Topaz was an Irish petroleum retail chain owned by the Canadian multinational, Couche-Tard, which had a presence across the island of Ireland. The legal entity was formed in 2005 and previously traded under the Statoil and Shell brands, until 2008 when the Topaz brand replaced both in Ireland. In June 2018, The Topaz brand was replaced by Circle K.

<span class="mw-page-title-main">Becker's</span> Canadian convenience store chain

Becker's is a Canadian chain of independent convenience stores selling products of Alimentation Couche-Tard company. The original Becker Milk Company was founded in 1957 in Toronto, Ontario. The chain grew from 5 to 500 stores and was sold in 2006 to Alimentation Couche-Tard. The company converted the company-owned stores to Mac's Milk and later to Circle K, leaving a remnant of affiliate Becker's stores. Starting in 2013, Alimentation Couche-Tard began expanding the affiliate program. There are now over 40 stores in Ontario.

<span class="mw-page-title-main">Holiday Stationstores</span> American chain of gasoline and convenience stores

Holiday Stationstores is a chain of gasoline and convenience stores in the United States. It is part of the second largest convenience store chain in the world, with over 500 locations in 10 states. Stationstores are located in Alaska, Idaho, Michigan, Minnesota, Montana, North Dakota, South Dakota, Washington, Wisconsin and Wyoming. It is based in Bloomington, Minnesota. Holiday ranked 133rd on Forbes' list of America's largest private companies before its 2017 acquisition. In July 2017, Holiday was acquired by Canadian-based convenience store operator Alimentation Couche-Tard. In 2022, Alimentation Couche-Tard began converting Holiday Stationstores locations to the Circle K brand, beginning with locations in South Dakota, and continuing with locations in Wisconsin, Michigan, North Dakota, Minnesota, and Alaska.

<span class="mw-page-title-main">Puma Energy</span> Swiss oil company

Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-incorporated Swiss company Trafigura.

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. Farberg, Andreas L. (2010-09-28). "Mr. McStatoil vil vokse seg stor i Polen". E24 (in Norwegian). Retrieved 2010-10-03.
  2. Torp, Cathrine (2010-02-03). "Statoil opens for a new ownership structure for its energy and retail business". Stavanger: Statoil ASA . Retrieved 2010-10-03.
  3. Lindbæk, Jannik (2010-09-02). "Statoil files OSE application to list Statoil Fuel & Retail ASA". Stavanger: Statoil ASA . Retrieved 2010-10-03.
  4. "The Board of Oslo Børs admits two new companies to listing". Oslo: Oslo Stock Exchange. 2010-09-29. Retrieved 2010-10-03.
  5. Koranyi, Balazs (2012-04-18). "Canada's Couche-Tard to buy Statoil Fuel for $2.8 billion". Reuters. Archived from the original on January 5, 2016.
  6. "Statoil sells 2300 gas stations to Couche-Tard". Stavanger Aftenblad. 2012-04-18.
  7. BP buys Scandinavian jet fuel business. Reuters, 4 September 2014
  8. "Couche-Tard Launches Global Circle K Brand". PR Newswire. 2015-09-22.
  9. "Europe | Couche-Tard". Couche-Tard. Retrieved 2017-06-07.
  10. Danmark, Circle K. "[Danish] Statoil er blevet til Circle K". www.circlek.dk. Retrieved 2017-06-07.
  11. "Statoil Fuel & Retail - Our operations". Oslo: Statoil Fuel & Retail ASA. 2010-09-02. Archived from the original on December 14, 2010. Retrieved 2010-10-22.
  12. "Statoil bliver til Circle K". 9 May 2016.
  13. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  14. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  15. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  16. ""Statoil" degalinės keičia pavadinimą".
  17. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  18. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".
  19. "Statoil FUCHS acquires Statoil Fuel & Retail Lubricants from Couche-Tard by 24hGold".