Getty Petroleum Marketing Inc. · East Meadow, NY United States
Company Description
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This link will open in a new window A remnant of J. Paul Getty's oil empire, Getty Petroleum Marketing distributes gasoline and heating fuels. The company, which became a subsidiary of Russian oil giant LUKOIL in 2001, has more than 2,000 gas stations (some of which maintain convenience stores, auto repair centers, or car washes) in 13 northeastern and mid-Atlantic US states. Originally a part of Getty Petroleum (now Getty Realty ), the company sells heating oil through its KOSCO subsidiary. It also has six petroleum terminals and 170 delivery vehicles. Getty Petroleum Marketing is converting its stations to the LUKOIL brand as LUKOIL tries to build the brand awareness and customer loyalty that the Getty brand has long enjoyed in the US. To read the full description, subscribe now.
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Key Getty Petroleum Marketing Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 624 |
Getty Petroleum Marketing Inc. Executives
7 executives listed for Getty Petroleum Marketing Inc.'s East Meadow, NY location.
| Title | Name & Bio | Contact |
| CEO | Vadim Gluzman | Network |
| President and COO | Vincent DeLaurentis | Network |
| SVP and CFO | Michael Hantman | Network |
Competition
Competitive Landscape for Getty Petroleum Marketing Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Getty Petroleum Marketing Inc. Competitors
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