M&A Deal Summary

LUKOIL Acquires Getty Petroleum Marketing

On March 11, 2000, LUKOIL acquired energy services and equipment company Getty Petroleum Marketing for 71M USD

Acquisition Highlights
  • This is LUKOIL’s 1st transaction in the Energy Services and Equipment sector.
  • This is LUKOIL’s largest (disclosed) transaction.
  • This is LUKOIL’s 1st transaction in the United States.
  • This is LUKOIL’s 1st transaction in New York.

M&A Deal Summary
Date 2000-03-11
Target Getty Petroleum Marketing
Sector Energy Services and Equipment
Buyer(s) LUKOIL
Deal Type Add-on Acquisition
Deal Value 71M USD
Advisor(s) ING Commercial Banking (Financial)
Latham & Watkins (Legal)

Target

Getty Petroleum Marketing

Jericho, New York, United States
Getty Petroleum Marketing Inc. is a marketer of gasoline and petroleum products. Getty serves retail customers through approximately 1,300 gasoline stations located in 13 Northeastern and Mid-Atlantic states. Getty is also a marketer of heating oil in New York Mid-Hudson Valley and is a wholesale distributor of a variety of petroleum products through its East Coast petroleum storage and distribution network.

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Buyer(S) 1

Buyer

LUKOIL

Moscow, Russia
Category Company
Founded 1993
Sector Oil/Gas Exploration
Revenue 2.87T RUB (2022)
DESCRIPTION

LUKOIL and its subsidiaries are engaged in oil exploration, production, refining, marketing and distribution. LUKOIL is one of major international vertically-integrated oil & gas companies, accounting for 2.1% of global output of crude oil. LUKOIL was founded in 1993 and is based in Moscow, Russia.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 ZAO Samara-Nafta

Samara, Russia

ZAO Samara-Nafta is engaged in production, treatment, storage, metering, and custody transfer of oil and gas products in Samara and Ulyanovsk regions. Samara-Nafta is currently producing 50,000 barrels of oil equivalent per day in the Volga-Urals region of Russia.

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Legal