DENVER -- K&G Petroleum LLC, which bought 50 company-owned gas stations from BP in the summer, has decided to brand all those stations under the Conoco name. Beginning this week, BP's white, yellow and green sunburst logo is changing to Conoco's white and red logo, reported the Rocky Mountain News.
"We have a 10-year relationship with Conoco. They have supplied our own gas stations and dealer locations with gasoline for 10 years," K&G spokesperson Byron Cook told the newspaper. "Based on that, and other factors such as quality of products, support [image-nocss] of people and presence in the market, we decided to brand all our purchased stations from BP to Conoco."
Cook said Conoco will supply all the newly purchased stations. Of those, K&G will operate 31, while dealers will operate the remaining 19. K&G also owns another 30 stations in Colorado, said the report. Of those, 24 are run by the company, and six are run by independent dealers. Those stations also carry the Conoco name.
K&G, a division of K&G Stores, based in suburban Lone Tree, Colo., is owned by principals Baljit Nanda and Preet Singh.
Cook said K&G has offered jobs to all the station managers it inherited from BP, many of whom have opted to stay with the new owners.
As reported in CSP Daily News, BP decided to exit the Denver retail market this summer, saying it wants to focus on its retail business on the East Coast and in the Midwest and Southwest, including California, where it sells under the ARCO brand.
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