Sunoco Reports Weak Fourth Quarter Results after Rough 2009
Sunoco Reports Weak Fourth Quarter Results after Rough 2009
SUGAR LAND--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.
Other companies featured: U.S. Steel Corporation (NYSE:X)
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