Oil Price Oil and gas supermajors, including Exxon and Chevron, petitioned on Wednesday the U.S. Supreme Court to toss a Hawaii Supreme Court decision allowing a climate lawsuit of Honolulu to proceed to trial. Honolulu sued several major fossil fuel companies in 2020 in the lawsuit ‘City & County of Honolulu v. Sunoco LP’, seeking damages and other relief from fossil fuel
Oil and Gas 360 DALLAS, Jan. 22, 2024 /PRNewswire/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and NuStar Energy L.P. (NYSE: NS) (“NuStar”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. Transaction Details Under the terms of the agreement, NuStar common unitholders
Energy Transfer Partners Moves Susser Holdings to Sunoco LP Energy Transfer Partners (ticker: ETP) announced that it plans a 100% dropdown of Susser Holdings Corp. (SHC) for approximately $1.94 billion to its subsidiary Sunoco LP (ticker: SUN). In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new Sun units to
Sunoco Logistics Announces Twelfth Consecutive Quarter over Quarter Distribution Increase of 5 Percent and Earnings Conference Call Date Sunoco Logistics Partners L.P. (SXL) (the “Partnership”) today announced that Sunoco Partners LLC, its general partner, has declared a cash distribution for the first quarter 2015 of $0.419 per common unit ($1.68 annualized) to be paid on May 15, 2015 to unit
Sunoco will purchase an interest in Energy Transfer Partners fuel distribution business Sunoco LP (ticker: SUN) and Energy Transfer Partners LP (ticker: ETP) announced today the second dropdown of a portion of ETP’s retail business to SUN, according to a company press release. SUN has agreed to acquire from ETP Retail Holdings, an affiliate of ETP, a 31.58% equity interest
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