International Business News - Sunoco http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Crude pipeline and facilities owner Sunoco Logistics Partners LP said on Tuesday that it has closed its purchase of the MagTex pipeline system in Texas from affiliates of Exxon Mobile Corp. http://www.ibtimes.com/articles/20081118/sunoco-logistics-closes-magtex-deal.htm Tue, 18 Nov 2008 16:31:23 EST Sunoco Inc. said Wednesday that Terence Delaney, a vice president at the oil refiner, will become interim chief financial officer when Thomas Hofmann retires from that post on Dec. 1. http://www.ibtimes.com/articles/20081112/sunoco-names-delaney-interim-cfo.htm Wed, 12 Nov 2008 12:45:59 EST Oil refiner Sunoco Inc. said its third-quarter profit more than doubled and shattered Wall Street forecasts as the company boosted profit margins. For the three months ended Sept. 30, Sunoco earned $549 million, or $4.70 per share. That compares with a profit of $216 million, or $1.81 per share, during the same period last year. http://www.ibtimes.com/articles/20081105/sunocos-3rd-quarter-profit-more-than-doubles.htm Wed, 05 Nov 2008 20:40:26 EST Sunoco Inc. said Wednesday that Thomas W. Hofmann, the oil refiner's senior vice president and chief financial officer, will retire effective Dec. 1. Hofmann, 57, has been with Sunoco for 32 years and has served as chief financial officer since 1998. http://www.ibtimes.com/articles/20081015/sunocos-hofmann-senior-vp-and-cfo-to-retire.htm Wed, 15 Oct 2008 10:04:40 EDT Shares of oil refiner Sunoco Inc. jumped more than 8 percent in late Friday trading, buoyed by a nearly $4 decline in crude oil prices. Sunoco's stock rose $3.54, or 8.3 percent, to $45.80 in late afternoon trading. http://www.ibtimes.com/articles/20080808/sunocos-stock-climbs-as-crude-prices-fall.htm Fri, 08 Aug 2008 15:34:33 EDT Oil refiner Sunoco Inc. said Wednesday its second-quarter profit slipped 84 percent as high oil prices squeezed margins. For the three months ended June 30, the company posted profit of $82 million, or 70 cents per share, compared with profit of $509 million, or $4.20 per share, in the year-ago period. http://www.ibtimes.com/articles/20080806/oil-prices-pull-sunoco-2q-profit-down-84-percent.htm Wed, 06 Aug 2008 17:22:57 EDT Sunoco Inc. on Wednesday named former Royal Dutch Shell PLC veteran Lynn Laverty Elsenhans as its first female chief executive and president effective Aug. 8. http://www.ibtimes.com/articles/20080716/sunoco-names-elsenhans-1st-female-ceo-president.htm Wed, 16 Jul 2008 09:07:38 EDT Packaging provider Sonoco Products Co. said Friday it will add a $40 per ton average energy surcharge for uncoated recycled paperboard products in the U.S. and Canada because of higher energy costs. http://www.ibtimes.com/articles/20080627/sunoco-products-to-add-surcharge-starting-july-14.htm Fri, 27 Jun 2008 09:10:11 EDT Shares of Sunoco Inc. touched a low Tuesday after an analyst cut estimates on the oil refiner and as crude-oil prices rose. The stock slipped $2.39, or 5.9 percent, to $37.82. Earlier in the session shares hit a 52-week low of $37.24. http://www.ibtimes.com/articles/20080624/sunoco-shares-hit-low-as-oil-rises-estimates-cut.htm Tue, 24 Jun 2008 11:50:21 EDT Oil refiner Sunoco Inc. said Friday that the fluid catalytic cracking unit at its Marcus Hook refinery is expected to return to normal operations by the end of next week. http://www.ibtimes.com/articles/20080620/sunoco-unit-to-return-to-normal-operations.htm Fri, 20 Jun 2008 17:55:46 EDT Sunoco Inc. spent $270,000 to lobby the federal government in the first quarter of the year on energy issues, according to a recent disclosure form. The oil refiner lobbied on legislation dealing with renewable energy and tax issues, according to the form posted online April 21 by the House clerk's office. http://www.ibtimes.com/articles/20080530/oil-refiner-sunoco-spent-270k-lobbying-in-1q.htm Fri, 30 May 2008 14:53:55 EDT Sunoco Inc. has appointed Gary W. Edwards to its board, the oil company said Thursday. Edwards became an energy consultant after he retired from Conoco Inc. in 2001 after a 38-year career. He is also a director at Entergy Corp. and Sunoco Partners LLC. http://www.ibtimes.com/articles/20080501/sunoco-appoints-gary-w-edwards-to-board-of-directors.htm Thu, 01 May 2008 15:33:29 EDT Oil refiner Sunoco Inc. said Wednesday it swung to a loss in its first quarter because of high crude-oil prices and lower demand that prompted a loss in the company's biggest segment. http://www.ibtimes.com/articles/20080430/sunoco-swings-to-1q-loss-on-margin-squeeze.htm Wed, 30 Apr 2008 17:35:33 EDT