SUNOCO

Sunoco Reports Q3 Losses

“Market conditions continue to pose challenges for our refining and supply segment and, while the refineries’ operational performance improved during the third quarter with crude utilization averaging 90%, the segment reported another loss,” says Sunoco CEO. Sunoco Inc. has reported a net loss attributable to Sunoco shareholders of $1,096 million ($9.62 per share diluted) for

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Murphy Oil Estimates Q3 Earnings

U.S. retail and marketing continuing operations generated earnings of $88.0 million in the third quarter of 2011 compared to earnings of $59.0 million in the 2010 quarter. Murphy Oil Corp.’s net income in the third quarter of 2011 totaled $406.1 million ($2.09 per diluted share), which was double the net income of $202.8 million ($1.05 per diluted share) in

fuelpumpingLARGE

Marathon Petroleum Reports Strong Q3 Profits

As Marathon Petroleum cuts costs, fuel prices continue to climb, resulting in high Q3 profits. Marathon Petroleum Corp., which split from Marathon Oil Corp. earlier this year, reported soaring third quarter profits this week, according to Bloomberg Businessweek. Earnings totaled $1.13 billion, or $3.16 per share, for the three months ended Sept. 30, more than

HESS

Hess Reports Estimated Q3 Results

Hess Corp. reported net income of $298 million for the third quarter of 2011 compared with $1,154 million for the third quarter of 2010.   Key takeaways include: • Net income excluding items affecting comparability between periods was $379 million, compared with $429 million in the third quarter of 2010. • Net cash provided by operating activities was

mike_handelsman

How to Boost the Value of Your Convenience Store

By Mike Handelsman, group general manager, BizBuySell.com and BizQuest.com. There’s no arguing that banks, potential investors and creditors look heavily to a company’s financial statements to determine its value. However, past financials often aren’t the whole story. Here are some additional factors to consider as you seek to maximize your company’s value – whether you

NACS Spends $770K Lobbying For Industry

The National Association of Convenience Stores (NACS) had a busy fourth quarter in 2009, lobbying the federal government on fuel issues and other business that affects c-stores. The association spent $770,000 in both the third and fourth quarter to fight for the interests of the industry, Business Week reported. The amount spent lobbying in the

TransFS Launches Credit Card Processor Directory

Transparent Financial Services (TransFS.com), a marketplace for businesses seeking financial services, has launched the TransFS Credit Card Processor Directory, the first comprehensive Web site through which businesses can research, rate and review credit card processors. In the past, researching the quality of a new credit card processor required a business owner to conduct hours of

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