BNET Industries

Supreme Petroleum Inc.

is in the Energy Industry

Last Fiscal Year Sales:$17.5M
  • Private
  • US
Dow Jones Description

Supreme Petroleum, Inc. is a two generation company based in Suffolk, Virginia. The company was founded in 1970 by James "Jim" Russell as a family owned and operated business. It began as a one gasoline station operation and quickly grew to a multi-store chain and wholesale gasoline distributor. The company provided full service facilities in counties neighboring Suffolk. In addition, in 1974, Jim built Suffolk's first automated packaged ice manufacturing facility and began distributing packaged ice products to retailers throughout the Tidewater, Virginia region. The family business continued rapid growth with the acquisition of Darden Oil Company in 1985 enabling the company to diversify into the home heating oil business and expand its main service areas west. In 1989, Jim was joined by his oldest son, James "Bo" Russell, Jr. as the Vice President of Operations. In 1992, the family business increased by one when William C. Russell, also known as Corey, joined the ranks and presently holds the position of Vice President & C.F.O. The company continued on its course of sustainable growth through key real estate acquisitions and diversification into the restaurant, home heating and air conditioning service business. In 1999, the company launched its own brand of gasoline, "Supreme", to provide company operated and dealer operated sites with a more competitive alternative to the "major" brand dominated markets...

Number of Employees 34
Contact Information

1200 Progress Rd

Suffolk, Virginia 23434

www.supremepetr...

1 757 934 0550

NAICS Code Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals): 424720

News & Analysis

supreme petroleum inc. - All News and Analysis

  • ABU DHABI - The Supreme Petroleum Council

    - 2001-01-22

    The SPC is in charge of the hydrocarbon sector in Abu Dhabi. Chaired by Crown Prince Shaikh Khalifa Bin Zayed, the council consists of key members of the ruling Al Nahyan family, representatives of the local Finance Department and the Abu Dhabi Investment Authority ADIA, and the CEO of Abu...

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  • Saudi Aramco Now Is Under Supreme Petroleum Council As Abdullah Powers Widen

    - 2000-10-30

    The Supreme Council for Petroleum and Minerals has taken over the management of Saudi Aramco, replacing the company's Supreme Council. The Council now is in charge of Saudi Aramco strategies. But there is no change in the functions of and membership in Saudi Aramco's 12-man board of directors. Other than...

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  • Abu Dhabi - The Supreme Petroleum Council

    - 1999-01-25

    The SPC is in charge of the hydrocarbon sector in Abu Dhabi. Chaired by Crown Prince Shaikh Khalifa Bin Zayed, the council consists of key members of the ruling Al Nahyan family, UAE Oil Minister Nasseri, representatives of the local Finance Department and the Abu Dhabi Investment Authority, and the...

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  • Abu Dhabi - The Supreme Petroleum Council and ADNOC

    - 1999-01-04

    The Supreme Petroleum Council SPC, the top decision maker for the hydrocarbon sector, and ADNOC are likely to delay a further expansion of the Ruwais refinery until they make certain this will be profitable (see Downstream Trends No. 2 of next week). - ADNOC and Borealis of Copenhagen...

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  • YEMEN: Supreme Petroleum Council for Oil and Mineral Resources

    - 1992-09-07

    Foreseeing the need for a specialised governmental body to supervise YHOC's activities, the leadership in Sanaa created the Supreme Petroleum Council for Oil and Mineral Resources. That was in February 1985. In September, it broadened Yemen Oil and Mineral Resources Corp. Yominco, and created the Ministry...

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