Who is LUKOIL and why are they buying all the Mobil Gas stations in my area?

Answer 1

Lukoil is a Russian oil company that is second in the world as far as oil reserves. Here is a little more information.
LUKOIL Subsidiary Getty Petroleum Marketing Inc. Closes Deal to Acquire Gasoline Stations from ConocoPhillips.

East Meadow, NY, May 21, 2004 …Getty Petroleum Marketing Inc., a wholly owned subsidiary of OAO LUKOIL, announced its acquisition of 779 Mobil-branded gasoline stations in New Jersey and Pennsylvania from ConocoPhillips.

According to the terms of this transaction, Getty Petroleum Marketing Inc. has acquired 308 Mobil branded fee and lease properties plus contracts to supply an additional 471 Mobil branded locations. Collectively, these sites generate over 1.1 billion gallons of gasoline sales annually and will more than double the amount of Getty's current light product sales in the United States.

Answer 2

They are buying gas stations to insure that they have a place to sell their gas. Many people think that despite Lukoils status as an independant company in the "new" Russia, they are actually closely controlled by the government of Commissar Putin.

Answer 3

It's a Russian company that bought some of the Mobil (and Getty) Oil stations. You can read more about it in the article linked below

Answer 4

Read up on supply and demand. The best you could hope to do is buy gas from some other station, make that station run low, thus forcing him to buy from exxon which has lots of gas from the boycott.

Answer 5

LUKOIL is one of Russia’s largest vertically integrated oil companies. Founded in 1991, it is one of the world’s top 5 publicly traded oil companies in terms of proven oil reserves. LUKOIL is the most internationally diversified Russian oil company, and the first to have ventured abroad to work with international oil corporations. It is Russia’s number one refiner with total capacity of 1.15M bpd (including overseas assets). The company has almost 4,000 gasoline stations worldwide with over 1,300 outlets in the United States. It is publicly traded on numerous international stock exchanges and most recently was listed on the London Stock Exchange (SYMBOL: LKOD).

LUKOIL owns Getty Oil, and some Getty Stations are changing to LUKOIL stations.

Answer 6

This is one of the biggest Russian Gas company. They just taking place on the market in your area.

Answer 7

Russian oil producer with reserves located primarily in western Siberia.
Category: B2B Energy > Petroleum
Russian oil giant LUKOIL is planning to begin joint exploration in Iraq with U.S. company ConocoPhillips

Answer 8

They are a Russian oil company. You should be proud. Their oil does not support terrorism (supposedly)

Answer 9

It doe'nt matter who they are ! The only thing that you can be sure of is once they get the monopoly prices will go up >