Sunoco 2007 Annual Report Download - page 11

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In the Coke business:
• Commenced operations in 2007 at a 1.7 million tons-per-year cokemaking facility in
Vitória, Brazil. SunCoke Energy (formerly, Sun Coke) is the operator of the coke-
making facility and increased its investment in 2007 in the project company that
developed the Vitória plant, as planned, by becoming its sole subscriber of preferred
shares for a total equity interest of $41 million;
• Completed in December 2006 the $155 million purchase of the minority interest in
the Jewell cokemaking operations; and
• Commenced operations in March 2005 at its 550 thousand tons-per-year Haverhill,
OH cokemaking facility and began construction in 2007 of a second 550 thousand
tons-per-year cokemaking facility and associated cogeneration power plant at this
site which will also provide, on average, 46 megawatts of power into the regional
power market. SunCoke Energy will own and operate the new facilities, which are
expected to cost approximately $250 million and be operational in the second half
of 2008.
Sunoco also:
• Repurchased 4.0, 12.2 and 6.7 million shares during 2007, 2006 and 2005, re-
spectively, of its outstanding common stock for $300, $871 and $435 million, re-
spectively. Sunoco expects to continue to repurchase Company common stock from
time to time depending on prevailing market conditions and available cash; and
• Increased the quarterly cash dividend on its common stock, effective with the sec-
ond quarter of 2008, to $.30 per share ($1.20 per year), following increases from $.25
per share to $.275 per share in the second quarter of 2007, from $.20 per share to
$.25 per share in the second quarter of 2006 and from $.15 per share to $.20 per
share in the second quarter of 2005.
For additional information regarding the above actions, see Notes 2, 15 and 16 to the con-
solidated financial statements.
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