Sunoco, Inc. announced today that its Board of Directors had declared a cash dividend for the fourth quarter of 2006 of 25 cents per share on all full shares of common stock outstanding, payable December 8, 2006 to shareholders of record at the close of business on November 8, 2006. The dividend on Sunoco common stock is unchanged from the previous quarter.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 900,000 barrels per day of refining capacity, over 4,700 retail sites selling gasoline and convenience items, approximately 5,400 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also has the capacity to manufacture over 2.5 million tons annually of high- quality metallurgical-grade coke for use in the steel industry.