The first is Shell, which runs more than 45,000 gas stations across more than 70 nations. The business is well-known for both its dedication to sustainability and its unique red and yellow emblem. Shell not only sells gasoline, but also a variety of convenience store goods and services including car washes and oil changes. The Fuel Rewards Program, another well-liked reward program from Shell, enables users to receive savings on gas purchases.
The next company is ExxonMobil, which alone owns and operates approximately 11,000 gas stations in the US. The business is well-known for its commitment to innovation and its famous tiger emblem. ExxonMobil has made significant investments in research and development and has been at the forefront of the development of innovative fuel technologies. Exxon Mobil Rewards+, a well-known loyalty program, and a variety of convenience store goods and services are also provided by the firm.
BP, which runs more than 18,000 gas stations across more than 70 nations, is a significant player in the global gas station market. The business is well known for its distinctive green and yellow emblem and dedication to lowering its carbon footprint. BP has made significant investments in renewable energy technology and has a target date of 2050 for becoming a net-zero firm. Along with a variety of convenience store goods and services, BP also runs the well-known BPme Rewards loyalty program. So how can gas stations generate revenue? While selling petrol is undoubtedly a significant source of income, most gas stations also profit from the sale of goods and services from their convenience stores. These products can help gas stations improve their overall profitability because they often have better profit margins than gasoline.
It’s vital to keep in mind that Petron is a Philippine-based corporation, thus franchise opportunities might only be available there if you’re interested in opening a Petron gas station. But generally speaking, franchising a gas station entails submitting an application, going through training, and paying franchise fees as well as annual royalties.
Depending on the brand and region, the cost to franchise a gas station might be very different. Hundreds of thousands of dollars may be needed as an initial investment for some gas station franchises, while less money may be needed for others. Before making any investment, it’s crucial to carefully analyze the franchise agreement and the financial forecasts.
Will gas stations eventually go out of business? Even though the industry for gas stations may face difficulties due to the popularity of electric vehicles and other alternative fuels, it’s doubtful that gas stations will completely disappear. There may be a need for gas stations to provide fuel and other facilities as long as people need to travel by car, even if they change through time to offer a greater range of goods and services.