Our Heritage
Discover the opening chapters in our story, and the heritage that has shaped our business.
1999
The Group's founders in their twenties embark on building their own business by starting a partnership and purchasing their first retail petrol station
2000
The parent company State Oil is incorporated as a supplier, wholesaler and retailer of petroleum products
2001
More petrol stations are acquired and the network develops
2002
Prax Petroleum is incorporated as a subsidiary of the parent company to drive growth in wholesale through an integrated supply and optimisation team
2003
The Group forms alliances to exploit strategic opportunities
2004
The Group forms its first strategic partnership to capitalise on meeting the increasing demand in the UK market
2005
The Group achieves independent capabilities and commences autonomous trading
2007
The Group acquires its own oil storage facilities and begins importing product into the UK to support its expanding network and customer base
2012
The Group, with its deep market relationships and multiple banking facilities commences fully autonomous international trading
2014
The Group acquires a fuel storage terminal
2015
The Group acquires a mid/downstream business, substantially expanding its global supply, oil storage, aviation and retail activities
2016
The Group acquires an oil terminal adding further capacity to its storage portfolio
2017
The Group expands its marine bunkering business through an acquisition and further expands its retail network through additional acquisitions
2018
The Group expands its retail network and brand presence across the United Kingdom with a substantial acquisition
2019
The Group signs a historic branding agreement with an energy major
2020
The Group establishes a road tanker logistics operation
2021
The Group acquires a refinery in the UK
2022
The Group acquires ocean going vessels to strengthen its logistics capability
2023
The Group acquires an exploration and production company. The Group expands its retail network and brand presence across Europe with a substantial acquisition
2024
The Group acquires an interest in a refinery in South Africa, marking its entrance into the South African market. The Group acquires an interest in a refinery in Germany to support its strategic aims in Europe
Flexibility and security of supply are key in the energy business, and our directly owned network of assets gives us the edge to keep serving our customers quickly and reliably and, in turn, keep growing our business for the future.”
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