Sunoco Announces Strategic Actions to Strengthen Competitive Position; Idles Eagle Point Refinery, Reduces Quarterly Dividend to $0.15 Per Share
Tue Oct 6, 2009 4:01pm EDT
PHILADELPHIA--(Business Wire)--
Sunoco, Inc. (NYSE:SUN) announced today it is indefinitely idling all process
units at its Eagle Point refinery located in Westville, New Jersey in an effort
to reduce losses in its refining business at a time when a recessionary economy,
weak demand for refined products, and increased global refining capacity have