Subsidiaries Statoil (fuel station) Founded 2010 Number of employees 17,500 | Area served Northern Europe Number of locations 2,239 | |
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Type Wholly owned subsidiary Revenue NOK 73.7 billion (2011) Website www.statoilfuelretail.com Profiles | ||
Statoil Fuel & Retail is a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.
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The company has 2,300 fuel retail stations in Scandinavia, Poland, the Baltic Countries and Russia as well as significant lubricants and aviation fuel operations. It was listed as a separate company on the Oslo Stock Exchange on October 22, 2010.
On 18 April 2012 it was announced that Alimentation Couche-Tard would buy Statoil Fuel & Retail for $2.8 billion and become a wholly owned indirect subsidiary of Couche-Tard. The deal included the right to use the "Statoil" brand for the stations until 30 September 2019.
In September 2014, the jet fuel business of Statoil Fuel & Retail was sold to BP for an undisclosed amount.
On 22 September 2015 it was announced that the "Statoil" branding would be phased out, and replaced by Circle K as part of a global rebranding scheme involving all Couche Tard-owned retailers. The change was completed in the end of 2016.
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About Statoil Fuel & Retail
Statoil Fuel & Retail is a leading Scandinavian road transport fuel retailer with over 100 years of operations in the region. Statoil Fuel & Retail has a broad retail network across Scandinavia, Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia which comprised 2,239 stores as of October 12, 2014, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated service-stations which offer road transportation fuel only.
Statoil Fuel & Retail's other products include stationary energy, marine fuel, aviation fuel, lubricants and chemicals. In Europe, Statoil Fuel & Retail owns and operates 12 key terminals and 38 depots in eight countries and it operates approximately 400 road tankers. Up to 2014 is also delivered aviation fuel at 85 airports in ten countries.
Including employees at Statoil branded franchise stations, about 17,500 people work at Statoil Fuel & Retail’s retail sites across Europe, in its corporate headquarters, its eight regional headquarters, its terminals and depots.
Brands and geographic presence
Statoil Fuel & Retail has a presence in eight countries (2010):