Apex Oil Company

What Apex Oil Company does

Apex Oil Company, Inc. is a privately held wholesale petroleum distributor, storage operator, and transporter headquartered in St. Louis, Missouri. Founded in 1932, the company supplies a broad portfolio of refined petroleum products — including gasoline (with and without ethanol), ultra-low-sulfur diesel, biodiesel blends (B6-B20, B99), jet fuel, kerosene, No. 2 and No. 6 fuel oils, asphalt, butane, carbon black oil, vacuum gas oil, and marine bunkers — to distributors and marketers across four US regions: the East Coast, Gulf Coast, Midwest, and California. The company operates 23 terminal locations with multi-modal supply and outloading capability (barge, rail, ship, truck, and pipeline at select sites), and maintains an additional operating presence at approximately 14 third-party terminals managed by Center Point Terminal Company.

Apex runs an integrated vertical structure through three wholly owned subsidiaries: Apex Towing Company (tugboat and barge cargo services), Clark Oil Trading Company (specializing in No. 6 oil and heavy petroleum products), and Petroleum Fuel & Terminal Company (owner and operator of bulk terminals). The business model combines transactional revenue from product distribution with subscription-like recurring revenue from terminal storage services, all monetized through direct enterprise sales with credit-qualified counterparties. Pricing is opaque and contract-based; new customers must complete a credit application with financial disclosures. In 2025, the company was acquired by United Energy Egypt (UEE), a transaction that doubled UEE's production capacity and added more than 60 million barrels to its reserves.

The underlying technology is physical-asset infrastructure — storage tanks, marine vessels, and a multi-state terminal network — rather than software or proprietary digital platforms. Apex employs 501-1000 staff, including a regional direct-sales team organized around a Trading Desk, Truck Sales (covering 16+ states), Terminal Services, Credit, and Terminal Operations. There is no disclosed product roadmap, software platform, or AI/ML capability; the company's competitive position rests on capital intensity, terminal footprint, and decades-long counterparty relationships in a commodity distribution market.

Name

Apex Oil Company

Legal name

Apex Oil Company, Inc.

Website

https://apexoil.com

Company type

Private

Founded year

1932

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Apex Oil Company, founded in 1932 and headquartered in St. Louis, Missouri, is a privately held wholesale distributor, storage operator, and transporter of refined petroleum products serving distributors and marketers across 23 US terminal locations on the East Coast, Gulf Coast, Midwest, and California.

Ownership category

akta.pro rank

Product category

Petroleum Distribution and Storage

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum and Petroleum Products Merchant Wholesalers (4247)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Unbranded/Spot Fuels Distribution (Rack Sales) (EUALAIAC)

akta.pro secondary industries

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Petroleum distribution
• Terminal storage
• Fuel transportation
• Wholesale fuel
• Marine bunkers

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Product Distribution: Wholesale distribution of petroleum products including asphalt, kerosene, fuel oil, diesel fuel, heavy oil, gasoline, and marine bunkers. Revenue is generated through the sale and distribution of bulk petroleum products to distributors and marketers.
2. Terminal Storage Services: Storage and distribution capacity provided to customers through terminals throughout the US. Integrated terminal use and storage services for distributors and marketers of petroleum products.
3. Transportation Services: Transportation of petroleum products through tugboat and barge cargo services via Apex Towing Company subsidiary.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Apex Oil Company, Inc. provides wholesale distribution, storage and transportation of petroleum products including asphalt, kerosene, fuel oil, diesel fuel, heavy oil, gasoline and marine bunkers. The company operates an integrated network of bulk storage terminals across the US (East Coast, Gulf Coast, Midwest and California), supplying customers via barge, rail, ship, truck and pipeline. Operations are supported by wholly-owned subsidiaries for towing, heavy oil trading, and terminal ownership.

Product overview

Apex Oil Company, Inc. is a petroleum products wholesale distribution, storage, and transportation company operating as a single unified business with multiple product lines and subsidiaries. The company distributes a comprehensive portfolio of petroleum-based energy products including gasoline (with and without ethanol), diesel fuels (ULSD and biodiesel blends), jet fuel, kerosene, fuel oils (No. 2 and No. 6), asphalt products, butane, and marine bunkers. The product portfolio includes 16 distinct petroleum products plus alternative fuels such as Biodiesel, Biodiesel 99, B6-B20 blends, E-85/E-70, and Denatured Ethanol. The company operates through three subsidiaries: Apex Towing Company (tugboat and barge services), Clark Oil Trading Company (specializing in heavy petroleum products), and Petroleum Fuel & Terminal Company (bulk terminal ownership and operation). The company maintains storage and distribution capacity throughout the US including the East Coast, Gulf Coast, Midwest, and California, with 23 terminal locations across the country.

Differentiator

Problem solved

Functional benefit

Brands

• Apex Towing Company: Provides tugboat and barge cargo services.
• Clark Oil Trading Company
• Petroleum Fuel & Terminal Company

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Petroleum Fuel & Terminal CompanycoreOthersSubsidiary of Apex Oil Company that owns and operates bulk terminals. Apex Oil operates terminals owned by Petroleum Fuel & Terminal Company, including Wilmington NC, Salisbury MD, Chicago IL, and Baltimore South terminals. The subsidiary provides additional terminal infrastructure capacity.
• Apex Towing CompanycoreOthersSubsidiary of Apex Oil Company providing tugboat and barge cargo services for transportation of petroleum products. Enables integrated logistics and transportation capabilities.
• Clark Oil Trading CompanycoreOthersSubsidiary of Apex Oil Company specializing in No. 6 Oil and other heavy petroleum products. Provides specialized trading capabilities in heavy petroleum product markets.
• Center Point Terminal Company, LLCminorOthersThird-party terminal operator that owns and operates multiple terminals where Apex Oil provides services or operates on behalf of Center Point. Terminals include St. Louis MO, Salisbury MD, Rochester NY, Newark NJ, Greensboro NC, Jacksonville FL, Chesapeake VA, Blakeley Island AL, Baltimore MD (west and north), Chickasaw AL, Galveston TX, Pine Bluff AR, North Little Rock AR, and Albany NY.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Buckeye Partners: Operates one of the largest U.S. independent petroleum product terminal and pipeline networks, including bulk storage for refined products and crude. Most directly comparable to Apex's Petroleum Fuel & Terminal Company subsidiary in asset type, customer base (distributors/marketers), and multi-mode logistics.
• Magellan Midstream Partners: Midstream operator of refined petroleum product pipelines and terminals across the Midwest, Gulf Coast, and Southeast. Directly comparable to Apex on terminal-based wholesale refined product distribution and to Apex's pipeline-access strategy at multiple sites.
• Sunoco LP: Wholesale fuel distributor with extensive U.S. terminal infrastructure and motor fuel distribution to dealers and marketers. Closely comparable to Apex's wholesale distribution model, multi-region terminal network, and product portfolio spanning gasoline, diesel, and middle distillates.
• World Fuel Services: Global marine, land, and aviation fuel marketer with significant U.S. wholesale and bunker trading activity. Directly comparable to Apex's marine bunker and Jet-A offerings, and to Clark Oil Trading's heavy fuel oil specialization.
• Global Partners LP: Northeast and Mid-Atlantic fuel and petroleum products distributor with owned terminals, rail/barge access, and a trading desk. Comparable to Apex on regional terminal footprint, heavy oil trading exposure, and wholesale distribution to resellers.
• Center Point Terminal Company: Third-party operator of bulk petroleum terminals at many of the same sites where Apex provides services (St. Louis, Baltimore, Newark, Jacksonville, Galveston, Albany). Direct operational partner/competitor in the bulk terminal space with overlapping site geography.

Broad incumbents

• Kinder Morgan: One of the largest North American midstream operators with extensive petroleum product terminals, pipelines, and storage across all four of Apex's footprint regions. A larger incumbent competitor and potential counterparty across overlapping terminal markets.
• PBF Energy: Independent U.S. refiner with associated logistics and wholesale marketing of refined products including gasoline, diesel, and heavy fuel oils. Comparable on product portfolio overlap (especially No. 6/heavy oils similar to Clark Oil Trading) and wholesale distribution channels.
• Phillips 66 (Midstream segment): Integrated major with substantial midstream terminals, pipelines, and wholesale refined product marketing. Comparable as a broader incumbent competitor in U.S. refined product distribution, particularly along the Gulf Coast and Midwest where both overlap.

Emerging players

• Murphy USA: High-volume, low-cost fuel retailer with growing wholesale supply relationships and terminal access. Comparable in product mix (gasoline/diesel/ethanol blends) and reliance on efficient distribution; differs as retailer-led rather than terminal-led like Apex.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/apex-oil-co

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apex Oil Company