Sunoco

Refiner of oil and sells gasoline at retail outlets.

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Headquarters:
Ten Penn Center
1801 Market Street
Philadelphia, PA 19103-1699
Employees: 13,800
CEO: John Drosdick
Stock Symbol: SUN

Website: http://www.sunocoinc.com

Career Site

Sunoco is a leading manufacturer and marketer of petroleum and petrochemical products. Sunoco operates five domestic refineries with 910,000 barrels per day of crude oil processing capacity.

It markets gasoline under the Sunoco brand through over 4,700 retail outlets in 24 states located primarily on the East Coast along the I-95 corridor. The company has over 5,400 miles of crude oil and refined product owned and operated pipelines; and 38 product terminals.

Sunoco operates APlus convenience stores that are located along the east coast from Massachusetts to Florida and west into upstate New York and Ohio. The 740 APlus stores carry national brand-named products, including: snacks, beverages, cigarettes, hot and cold lunches, and fresh-brewed Gulliver's coffee.

Sunoco Ultra Service Center automotive repair facilities are located along the east coast from New England to Northern Virginia and west into Pennsylvania.
 
Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is also 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 manufactures two million tons annually of high-quality metallurgical-grade coke for use in the steel industry.

Utilizing a unique, patented technology, Sunoco's cokemaking facilities in the United States have the capacity to manufacture over 2.5 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitoria, Brazil.

With the high price of oil, it was another profitable year for Sunoco. The company reported revenues of $44.7 billion and net income of $891 million.

History

Sunoco got its start on March 27, 1886, when Joseph Newton Pew and Edward O. Emerson, partners in The Peoples Natural Gas Company in Pittsburgh, Pa., made a bold move to diversify their business. Looking to the promising new oil discoveries in Ohio and Pennsylvania, the partners paid $4,500 for two oil leases near Lima, Ohio. Within a few years the company had acquired pipelines, leases, storage tanks -- and was emerging as one of Ohio's leading suppliers of crude oil. On March 17, 1890, it became The Sun Oil Company of Ohio and was producing, transporting and storing oil as well as refining, shipping and marketing petroleum products.

Sun went public on the NYSE in 1925.

Benefits

Employees earn competitive salaries and get an annual bonus based on company success.

401K Savings Plan
- Tax deferred

- Employee may contribute up to 15% of base salary
- Company matches dollar-for dollar up to 5% of base salary
- Attractive investment options including self-directed brokerage account
Medical and Dental Plans
- Offered to all employees and eligible dependents
- Aetna, US Healthcare and HMO's, where offered
- Eligible for dental check-ups every six months
- 100% reimbursement for preventative dental services
- Coverage for other services, such as orthodontics
- Pretax dollars flexible medical spending account
Educational Assistance Plan
- 100% tuition reimbursement
for approved educational courses.
Vacation and Holidays
- Up to 6 weeks vacation, based on years of service
- Eight standard and two floating holidays
Other Employee Programs
- Family and Medical Leave
- SunJob ­ internal job posting system
- Company provided life insurance
- Employee Assistance Program ­ 24 / 7 counseling service

Updated February 23, 2008