Gas stations are a fundamental component of daily life since they supply motorists with the fuel they need to keep their cars operating. Have you ever thought about who owns these gas stations, though? Are they owned by large corporations or privately held companies? It varies, is the response.
huge firms like ExxonMobil, BP, and Chevron are the owners of a huge number of gas stations in the United States. In order to utilize the parent company’s branding and sell its products, the gas station owner must pay a fee. This is how these businesses operate. Even though the gas station may bear a family name, the corporate ultimately owns and runs it.
Gas stations tend to be family-owned enterprises in other nations, including the Philippines. For instance, Pilipinas Shell Petroleum Corporation, a division of Royal Dutch Shell, is the owner of Shell Philippines. However, local families who have been operating gas stations for many generations own the vast majority of them in the Philippines.
Another significant player in the Philippine gas station market is Petron. Petron is a Philippine firm even though it may sound like a global corporation. The Philippines’ largest oil marketing and refining firm, it was established in 1966. Petron is not a private firm because it is publicly traded on the Philippine Stock Exchange.
The ownership of gas stations varies based on the nation and the particular gas station in question, in conclusion. While many gas stations in the United States are controlled by major corporations, family-owned businesses are more prevalent in other nations, such as the Philippines. It’s critical to learn who owns gas stations and, where possible, to patronize regional enterprises.