Getty Petroleum Marketing Inc. - GPM- Profile

Getty Petroleum Marketing Inc. along with its subsidiaries markets petroleum products. The company operates through two segments namely petroleum marketing and heating oil. The company conducts its marketing operations through a distribution and marketing network of 1,291 Getty and other branded retail outlets certain of which have convenience food stores. The heating business of the company involves purchase, storage, transportation and sale of fuel oil, kerosene and propane, and oil burner and also provides related services to residential and commercial customers. The company serves both retail and wholesales markets in NorthEastern, Middle Atlantic States and New York Mid-Hudson Valley region. Gasway Inc., Getty Terminals Corp., Kingston Oil Supply Corp., Petro USA Inc. and PT Petro Corp are the subsidiaries of the company. Petroleum marketing accounted for 96% of 1999 revenues and heating oil, 4%.