Sunoco 2008 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2008 Sunoco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

Refining and Supply
The Refining and Supply business manufactures petroleum products and commodity petrochemicals at its
Marcus Hook, Philadelphia, Eagle Point and Toledo refineries and petroleum and lubricant products at its Tulsa
refinery and sells these products to other Sunoco businesses and to wholesale and industrial customers. Refining
operations are comprised of Northeast Refining (the Marcus Hook, Philadelphia and Eagle Point refineries) and
MidContinent Refining (the Toledo and Tulsa refineries). Sunoco intends to sell the Tulsa refinery or convert it
to a terminal by the end of 2009.
2008 2007 2006
Income (millions of dollars) ........................................ $515 $772 $881
Wholesale margin* (per barrel):
Total Refining and Supply ....................................... $8.77 $8.87 $9.09
Northeast Refining ............................................. $8.90 $7.38 $7.92
MidContinent Refining .......................................... $8.38 $13.17 $12.46
Throughputs (thousands of barrels daily):
Crude oil ..................................................... 783.3 834.7 840.6
Other feedstocks .............................................. 84.8 80.0 72.8
Total throughputs ............................................ 868.1 914.7 913.4
Products manufactured (thousands of barrels daily):
Gasoline ..................................................... 399.9 439.2 436.2
Middle distillates ............................................... 316.2 314.4 305.5
Residual fuel .................................................. 56.4 66.6 74.0
Petrochemicals ................................................ 34.5 37.2 35.6
Lubricants .................................................... 11.4 11.6 13.2
Other ........................................................ 82.1 80.4 82.2
Total production ............................................. 900.5 949.4 946.7
Less: Production used as fuel in refinery operations .................. 40.5 43.4 43.9
Total production available for sale ............................... 860.0 906.0 902.8
Crude unit capacity (thousands of barrels daily) at December 31 ......... 910.0 910.0** 900.0
Crude unit capacity utilized ........................................ 86% 92% 93%
Conversion capacity*** (thousands of barrels daily) at December 31 ...... 407.0 407.0 392.0
Conversion capacity utilized ....................................... 87% 94% 95%
*Wholesale sales revenue less related cost of crude oil, other feedstocks, product purchases and terminalling and transportation
divided by production available for sale.
**Reflects a 10 thousand barrels-per-day increase in MidContinent Refining in July 2007 attributable to a crude unit debottleneck project
at the Toledo refinery.
***Represents capacity to upgrade lower-value, heavier petroleum products into higher-value, lighter products. Reflects a 15 thousand
barrels-per-day increase in Northeast Refining in May 2007 attributable to an expansion project.
35