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why do chevrons are turning into shell?

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The BAF Group LLC
MD

Chevron is discontinuing the distribution of Chevron and Texaco branded retail fuels, in a number of Southeastern, MidAtlantic and Midwestern states. There is a lot of shuffling going on in a number of brands. But normally, when an Oil Company simply gets out of the Real Estate business, it absolutely does not abandon the brand. Shell sold many of its properties some years ago, but when they did so, they demanded that the Contract of Sale accompany a ten-year branding and supply agreement, so the gas station buy had no choice but to retain the Shell brand. The same was done with Amoco, just before it sold out to BP.

When something like this occurs, it does not mean the Real Estate is the only thing they are leaving: They are abandoning the brand, altogether.

Aug 30, 2010
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Biz2Credit LLC
New York County, NY

Biz2Credit (www.biz2credit.com) does a large no. of gas station financing. Chevron has been getting out the real estate business of gas stations and lot of gas station owners buying them out are also getting better incentive to sign new fuel supply contracts from Shell. In case you need more inputs on gas station financing and way industry is doing , register for free on Biz2Credit to get started.

Aug 30, 2010

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