Here’s a run-down of Sunoco (NYSE:SUN) news stories from this week. Sunoco (NYSE:SUN) shares ended the week at 40.31 (as of 12/31/2010).
Weekly News Roundup: Sunoco (NYSE:SUN)
Monday 27 December
Sunoco (NYSE:SUN) has agreed to disclose more refinery safety data.
Sunoco (NYSE:SUN) has decided to disclose important new information on its safety policies and track record at refineries and other production facilities.
Sunoco (NYSE:SUN)’s 2011 Corporate Social Responsibility Report will now disclose important data on its tracking and categorization of Process Safety Management events as well as the number of pressure vessels and relief devices that have been overdue for scheduled inspection.
Sunoco (NYSE:SUN) will also reveal and explain its worker fatigue policy and has agreed to work with the Steelworkers to develop a tracking system to report on the company’s performance and implementation of the policy for its 2012 Corporate Social Responsibility Report.
Wednesday 29 December
PBF Energy has planned to buy Sunoco (NYSE:SUN) refinery for $400 million.
The US government said that, PBF Energy’s has decided to purchase a 170,000-b/d refinery in Toledo, Ohio, from US refiner and marketer Sunoco (NYSE:SUN) presents no antitrust issues.
Philadelphia-based Sunoco (NYSE:SUN) said in early December when it announced the deal that it will sell the refinery for about $400 million, split between $200 million in cash and a $200 million two-year note.
Sunoco (NYSE:SUN) also said the deal includes a participation payment of up to $125 million based on future profitability of the refinery.
Friday 31 December
PBF Energy has planned to buy Sunoco (NYSE:SUN) refinery for $400 million.
The US government said that, PBF Energy’s has decided to purchase a 170,000-b/d refinery in Toledo, Ohio, from US refiner and marketer Sunoco (NYSE:SUN) presents no antitrust issues.
Philadelphia-based Sunoco (NYSE:SUN) said in early December when it announced the deal that it will sell the refinery for about $400 million, split between $200 million in cash and a $200 million two-year note.
Sunoco (NYSE:SUN) also said the deal includes a participation payment of up to $125 million based on future profitability of the refinery.
We will continue checking the Sunoco stock price for developments over the next couple of weeks.