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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections