Retail Marketing earned $40 million pretax in the current quarter versus $1 million in the fourth quarter of 2010. Sunoco Inc. has reported a net pretax loss attributable to Sunoco shareholders of $660 million for the fourth quarter of 2011 versus pretax income attributable to Sunoco shareholders of $119 million for the fourth quarter of…
Sunoco’s “Free Fuel 5000” Winner Announced
Sunoco gives away eight years worth of free gasoline. Roger Brooks of Bristol, Tenn. is the winner of Sunoco’s 2011 Free Fuel 5000 promotion. As this year’s grand prize recipient, Brooks won 5,000 gallons of high-quality Sunoco gasoline, enough fuel to keep him driving for eight years. As the official fuel of NASCAR, Sunoco’s Free…
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…
Breaking News: Sunoco Selling Refineries
“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus…
Sunoco Acquires 14 Stores From Shipley Group
New acquisitions expected to be reopened as APlus Convenience Stores. Sunoco Inc. has acquired leasehold interests in 14 convenience stores in central Pennsylvania from the Shipley Group, a private York, Pa., company that operates the outlets as Tom’s Stores, the Philadelphia Inquirer reported. Terms of the deal were not disclosed. Sunoco is shifting its focus…
Sunoco Reports Q2 Results
“Sunoco Logistics Partners L.P. had its best quarter ever and our logistics segment contributed $54 million to Sunoco’s earnings. Likewise, our retail segment also contributed strong earnings that approached a record for second quarter results,” says CEO. Sunoco Inc. has released its second quarter 2011 financial results, reporting a net loss attributable to Sunoco shareholders…
Sunoco Expands Into Alabama
“Our recent success in winning over new distributors has helped Sunoco enter new markets such as Alabama and expand our presence along the I-95 corridor, and in the Midwest and other Southeastern states,” says Sunoco spokesperson. Sunoco Inc. has added 13 new Sunoco-branded sites to its growing network of more than 4,900 retail locations selling…
Gilligan Oil Pushes a Multi Brand Foodservice Strategy
Newest location features Dunkin’ Donuts and Subway in an effort to target customers throughout the day. By Erin Rigik, Associate Editor. Gilligan Oil Co. is aggressively embarking on a new foodservice model that aims to combine its c-stores and two QSR franchise partners under one roof to better pull a variety of customers into the…
Sunoco Releases Q1 2011 Results
Earnings from retail marketing saw a $22 million drop compared to the same quarter in 2010 due to lower average retail gasoline margins. Sunoco Inc. reported a net loss attributable to Sunoco shareholders of $101 million ($0.84 per share diluted) for the first quarter of 2011 compared to a net loss attributable to Sunoco shareholders…
Sunoco Wins 2011 Energy Star Award
Sunoco works hard to conserve energy by selecting better materials and improving how it operates, says Sunoco CEO. Sunoco Inc. has received the 2011 ENERGY STAR Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) for its continued efforts to protect the environment through energy efficiency. The 2011 ENERGY STAR Sustained Excellence Award recognizes…