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Under the sale agreement, 7-Eleven Inc acquires a 15-year take-or-pay fuel supply agreement, under which, Sunoco will supply approximately 2.
The transaction was funded using amounts available under Sunoco's revolving credit facility and is expected to be immediately accretive to Sunoco with respect to distributable cash flow.
Sunoco Logistics recently began securing easements on the 350-mile Mariner East 2 route that provide for construction of two pipelines.
26 November 2013 -- New York-based financial services firm Citi's (NYSE: C) Citi Retail Services fuel industry credit and retail solutions provider unit said it has signed a multi-year renewal of its US private label credit card relationship with transportation fuel provider Sunoco Inc.
Since Elsenhans took over as chief executive in 2008, Sunoco has shut one refinery and sold two others.
Elsenhans, chairman and chief executive officer of Sunoco.
CE regrets including Lynn Elsenhans as she has not been CEO for the three years in question hut the Economic Margin analysis for Sunoco is valid.
This agreement represents a significant step forward for our coke business and its efforts to add additional value to Sunoco.
Retail candidates attend an intensive four-week course at Sunoco University in Philadelphia, PA.
Under the terms of the merger agreement, Sunoco shareholders were able to receive, for each Sunoco common share they owned, a combination of $25.
Sunoco executives Cynthia Archer, executive vice president and chief marketing officer and Boyd Foster, executive vice president manufacturing and distribution are also retiring from the Partnership effective December 31, 2017.