SOURCE: Industrial Info Resources

Industrial Info Resources

February 08, 2010 05:30 ET

Sunoco Reports Weak Fourth Quarter Results After Rough 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 8, 2010) - Petroleum refiner and chemicals manufacturer Sunoco Incorporated (NYSE:SUN) (Philadelphia, Pennsylvania) reported fourth-quarter net income of $26 million, a 87.3% decline year-over-year, and a full-year net loss of $329 million, compared to a net gain of $776 million in 2008. The company cited a worse-than-expected global downturn and weak demand for refining and chemical products as the most serious factors.

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