Sunoco 2009 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2009 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 128

  • 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
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

Refining and Supply—Continuing Operations
The Refining and Supply business manufactures petroleum products and commodity petrochemicals at its
Marcus Hook, Philadelphia and Toledo refineries and sells these products to other Sunoco businesses and to
wholesale and industrial customers. In the fourth quarter of 2009, Refining and Supply permanently shut down
all process units at the Eagle Point refinery in response to weak demand and increased global refining capacity
and, on June 1, 2009, sold its discontinued Tulsa refining operations. Prior to the shutdown of the Eagle Point
refinery and the sale of the Tulsa refinery, Refining and Supply manufactured petroleum products at these
facilities as well as lubricants at Tulsa, which were sold to other Sunoco businesses and to wholesale and
industrial customers. The financial and operating data presented in the table below excludes amounts attributable
to the Tulsa refinery.
2009 2008 2007
Income (loss) (millions of dollars) ..................................... $(316) $448 $673
Wholesale margin* (per barrel) ....................................... $3.66 $8.60 $8.52
Throughputs (thousands of barrels daily):
Crude oil ....................................................... 625.4 706.5 767.2
Other feedstocks ................................................ 70.8 84.8 79.7
Total throughputs .............................................. 696.2 791.3 846.9
Products manufactured (thousands of barrels daily):
Gasoline ....................................................... 357.9 382.9 423.6
Middle distillates ................................................. 225.3 285.4 287.9
Residual fuel .................................................... 59.2 56.4 66.6
Petrochemicals .................................................. 27.3 34.5 37.2
Other .......................................................... 54.7 64.4 66.3
Total production ............................................... 724.4 823.6 881.6
Less: Production used as fuel in refinery operations .................... 34.5 38.0 41.3
Total production available for sale ................................. 689.9 785.6 840.3
Crude unit capacity** (thousands of barrels daily) at December 31 .......... 675.0 825.0 825.0
Crude unit capacity utilized .......................................... 78% 86% 94%
Conversion capacity*** (thousands of barrels daily) at December 31 ........ 343.0 398.0 398.0
Conversion capacity utilized ......................................... 79% 87% 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 150 thousand barrels-per-day reduction in November 2009 attributable to the shutdown of the Eagle Point refinery.
***Represents capacity to upgrade lower-value, heavier petroleum products into higher-value, lighter products. Reflects a 55 thousand
barrels-per-day reduction in November 2009 attributable to the shutdown of the Eagle Point refinery.
36