As Marathon Petroleum cuts costs, fuel prices continue to climb, resulting in high Q3 profits. Marathon Petroleum Corp., which split from Marathon Oil Corp. earlier this year, reported soaring third quarter profits this week, according to Bloomberg Businessweek. Earnings totaled $1.13 billion, or $3.16 per share, for the three months ended Sept. 30, more than [...]
More than 650 local CITGO retailers and marketers are expected to gather this month to celebrate the 100-year heritage of CITGO while learning about the brand-building programs for the year ahead. The annual CITGO Retailer Meetings are a forum to share best practices about improving and growing retailer businesses. Retailers will learn about new products from leading convenience [...]
BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that [...]
Smith’s Food & Drug Stores, a division of the Kroger Co., has opened its first Express fuel station and convenience store at 1974 S. 1100 East in Sugar House, Utah, The Salt Lake Tribune reported. A second location at 873 E. South Temple in Salt Lake City is set to open this month. Both [...]
C-store operators burning the midnight oil thinking of ways to increase their business may have inadvertently stumbled upon their answer. While late night has grown into an identifiable daypart on its own, too many retailers either haven’t yet recognized it as such or simply don’t have the traffic to warrant promoting it. But for those [...]