Articles Tagged "sunoco"

Sunoco has planned Q3 Refinery Work at Toledo

Sunoco Inc. has begun the six-week planned turnaround of its 160,000 barrel per day refinery in Toledo, Ohio, in early August and expects it to last until mid-September, the company declared in a second quarter earnings call. For full story, click here

Disruption Concerns Prop Crude

Crude oil rose for a second day in New York on Tuesday, as gains in the stock market increased optimism that the global economy is recovering. "Sentiment has driven this market from its lows in the hopes of an imminent recovery," said Toby Hassall, research analyst at Commodity Warrants Australia Pty in Sydney. "If we do see equities continue their rally, oil and a lot of other commodities are probably going to follow."

Sunoco Inc. reported its plans to reduce workforce

Sunoco, Inc. reported that it will reduce its salaried workforce by around 750 positions in 2009, which represents about twenty percent of the workforce included in the first phase of the company’s Business Improvement Initiative. For full story, click here

Sunoco profit hit by high oil prices

Sunoco Inc. reported sharply lower second-quarter profit as record-high oil prices hit the profit margins for its fuel and chemical products. For full story, click here