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Top five vendors in US gasoline market

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Hydrocarbon Engineering,


Technavio has announced the top five leading vendors in their recent gasoline market in the US report until 2020. Vendors are identified based on their revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and research & development (R&D).

In the US, gasoline is not sold directly by the refiners but through resellers. Around 80% of the fuel sold in the US is through convenience stores. As the convenience stores range from standalone stores to multi-store chain, these have not been considered in the vendor landscape. Only the refiners who have presence in the US gasoline market have been included.

The gasoline market in the US is highly fragmented, with the presence of many large global vendors. The market is highly competitive with players competing to gain more market share. Intense competition and the rapidly changing market dynamics are the key factors for the competition among vendors. With rising competition, the market is witnessing consolidation.

According to Sayani Roy, Lead Analyst at Technavio for research on oil and gas, “The competitive environment in this market is expected to intensify during the forecast period with steady demand and lack of innovation in gasoline production technology. It could also result in mergers and acquisitions. International players are expected to grow inorganically during the forecast period by acquiring regional or local players.”

BP

BP is a major player in the gasoline market in the US. The company offers gasoline through the following sectors such as:

Retail

The company supplies fuel and related services to American customers through independent jobbers and dealer wholesalers. As of FY2014, the company had 7100 BP and ARCO branded retail sites across the US.

Refining

BP's downstream operations are involved in the refining, transportation, selling and trading of crude oil and petroleum products. It currently operates refineries in Cherry Point, Wash; Toledo, Ohio; and Whiting, Ind. The installations have a total capacity of processing over 725 000 bbls of crude oil. It also produces a broad range of fuels, petrochemical, and lubricants to cater to the highway, rail transportation, residential, commercial, and institutional heating, and power generation.

Chevron

Founded in 1879, Chevron stands headquartered in San Ramon, California. The company is involved in the exploration, production, refining, and transportation of crude oil and natural gas. It markets and sells transportation fuels and lubricants; manufactures and sells petrochemical products, generates power and produces geothermal energy; and develops energy resources such as biofuels for the future.

Chevron offers three premium brands such as Chevron, Texaco, and Caltex, which hold the top positions in their markets. The three brands Chevron, Texaco, and Caltex fuels contain the Techron additive that cleans the engine, delivers lower emissions, and offers better performance. Chevron offers Techron Concentrate Plus, which provides high performance gasoline fuel system. The fuel formulated with advanced polyether amine (PEA) technology offers complete fuel system treatment in gasoline passenger cars, light trucks, and vans.

ConocoPhillips

ConocoPhillips was incorporated in 2001 and is headquartered in Texas, US. The company is involved in the exploration, production, and distribution of crude oil, natural gas, and natural gas liquids. It explores, produces, and markets crude oil, natural gas, LNG, natural gas liquids, and bitumen.

The company is one of the major players in the refinery and gasoline market in the US. It owns and licenses various gasoline brands that are sold in approximately 11 700 stations in the US. It also owns 1700 outlets in the mid-Atlantic and Northeastern areas of the US. The rest of the gas outlet of the company are owned and operated by independent dealers and marketers.

ExxonMobil

Exxon Mobil was founded in 1999 and is headquartered in Texas, US. The company is involved in the operation of petroleum and petrochemical business that includes exploration, refining, and production of oil and gas, coal and minerals, and electric power generation as well.

The downstream portfolio of the company comprises of refining facilities in 17 countries. This segment is one of the largest manufacturers of lube base stocks and petroleum products and finished lubricants. It has a strong global refining and distribution network worldwide.

Shell

Shell was incorporated in 1922 and is headquartered in Texas, US. The company produces, refines petroleum, chemicals, fuels, and lubricants. The company's business segment is divided into three categories such as upstream, downstream and corporate.

Shell offers commercial fuel that is one the leading marketer of unbranded gasoline, diesel, and heating oil. Shell provides Shell V-Power NiTROplus Premium Gasoline, which offers protection against gunk and corrosion and enhanced protection against wear.


Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/refining/03082016/technavio-us-gasoline-market-top-five-vendors-3844/


 

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