Petroleum Marketing Group

Petroleum Marketing Group

Distributes wholesale fuel; operates convenience stores

Overview

Petroleum Marketing Group manages a network of over 1,500 gas stations and convenience stores, acting as both a wholesale fuel supplier and a retail operator. The company generates revenue by selling fuel to independent dealers and directly to consumers, while also managing the sale of goods at its company-operated convenience stores. Unlike many competitors, it maintains a massive East Coast presence by combining partnerships with major brands like Shell and Exxon with its own proprietary fuel label. Its goal is to expand its footprint through strategic acquisitions while providing a reliable supply of fuel and retail products to its diverse customer base.

About Petroleum Marketing Group

Simplify's Rating
Why Petroleum Marketing Group is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & Manufacturing

Energy

Consumer Goods

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Woodbridge, Virginia

Founded

2001

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Simplify's Take

What believers are saying

  • Acquired 223 Gulf Oil, 43 Short Stop, 19 Holt Oil stores since 2022, accelerating growth.
  • Expanded into North Carolina via Holt Oil (Nov 2022) and Short Stop (2023) for logistics gains.
  • Diversified into truck stops via Davis Oil (Apr 2022), adding high-margin QSR revenue.

What critics are saying

  • Acquisition debt from 295 stores since 2022 triggers default in 12-24 months amid high rates.
  • Short Stop integration fails, eroding Exxon/Marathon dealer retention in 6-12 months.
  • EV adoption cuts East Coast fuel demand 20-30% by 2030, collapsing 1.5B gallon sales.

What makes Petroleum Marketing Group unique

  • PMG supplies over 1,500 East Coast sites with Shell, Exxon, Mobil, BP, Sunoco brands.
  • Family-owned since 2001, PMG directly operates 200+ convenience stores and QSRs.
  • Offers proprietary fuel brand alongside majors, avoiding single-brand dependency.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

401(k) Company Match

Profit Sharing

Paid Vacation

Paid Sick Leave

Paid Holidays

Company News

Fuels Market News
Nov 9th, 2023
Springer Eubank Assets Sold to Petroleum Marketing Group

Springer Eubank assets sold to Petroleum Marketing Group.

CSP Daily News
Nov 2nd, 2023
Petroleum Marketing Group Adds Another 10 Stores

Petroleum Marketing Group (PMG) continued its growth in the convenience-store industry this week with the acquisition of nine c-stores and one travel center from Springer Eubank Co.

CSP Daily News
Aug 24th, 2023
Petroleum Marketing Group Acquires Mystic Oil

Fuel distributor serves about 150 customers in 5 states

CStore Decisions
Aug 23rd, 2023
Petroleum Marketing Group Acquires Mystic Oil Co.

Petroleum Marketing Group has announced the successful acquisition of Mystic Oil Co. and its affiliates.

Convenience Store News
Apr 13th, 2023
Petroleum Marketing Group Adds Short Stop to Its Portfolio | Convenience Store News

Petroleum Marketing Group Inc. (PMG) acquired 43 petroleum marketing and convenience retail stores from Fayetteville-based Li'l Thrift Food Marts Inc. and its affiliates dba Short Stop.

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