US Sunoco posts second-quarter loss of $125m

04 August 2011 22:45  [Source: ICIS news]

HOUSTON (ICIS)--US-based Sunoco posted a $125m loss in the second quarter, partly because of losses in its refining and supply segment, the company said on Thursday.

Sunoco had a net income of $145m (€101.5) in the same period in 2010.

The refining and supply segment had a loss of $44m in the second quarter compared with a profit of $138m in the same period last year.

The decrease was caused by lower realised margins and production volumes, partially offset by lower expenses, the company said.

($1 = €0.70)

By: Bobbie Clark
+1 713 525 2653

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