NEW YORK -- Convenience-store companies and oil company brands peppered the rankings of publicly traded companies in this year’s Fortune 500. Many are listed among CSP’s Top 101 Convenience Stores.
This year’s Fortune 500 marks the 62nd edition of the list of companies. In total, Fortune 500 companies represent two-thirds of the U.S. gross domestic product (GDP), with $12 trillion in revenues, $840 billion in profits and $17 trillion in market value, and which employ 27.9 million people worldwide.
Companies are ranked by total revenues for their respective fiscal years.
Here’s a countdown of the convenience and retail gasoline industry-related companies appearing on the 2016 Fortune 500 list:
Western Refining (No. 289)
Headquarters: El Paso, Texas
Total Revenues: $9.8 billion
Retail Network: 260 gas station and convenience stores under the Giant, Mustang, Sundial and Howdy's brands in four states; owns 38% of the limited partnership interest in Northern Tier Energy LP, Tempe, Ariz., which operates 165 convenience stores and supports 100 franchised convenience stores under the SuperAmerica brand in three states.
CSP Top 101 (Western Refining)
CSP Top 101 (SuperAmerica)
Tesoro (No. 98)
Headquarters: San Antonio
Total Revenues: $28.2 billion
Retail Network: 1,800 dealer-owned and 600 company-owned and multi-site operator (MSO) gas stations and convenience stores under the Shell, Exxon, Mobil, USA Gasoline, ARCO and Tesoro brands in 14 states
World Fuel Services (No. 92)
Total Revenues: $30.4 billion
Retail Network: Acquired 57 convenience stores in four states from Pester Marketing in 2015; has made a series of wholesale distribution acquisitions, including Texor Petroleum Co. in 2008, TGS Petroleum Inc. in 2009, Lakeside Oil and Western Petroleum Co. in 2010 and CarterEnergy Corp. in 2012
Energy Transfer Equity (No. 65)
Total Revenues: $42.1 billion
Retail Network: ETE owns Energy Transfer Partners (ETP) and Sunoco LP, which operates 900 convenience stores--including 725 Stripes locations and the 175 Mid-Atlantic Convenience Stores (MACS), Tigermarket and Aloha locations--and distributes motor fuel in more than 30 states to 6,800 Sunoco-branded gas stations and convenience stores.