We’lll be paying close attention this afternoon when Sunoco announces its quarterly earnings.
The company will let everyone know how it is doing after the close of the markets this afternoon.
That will be of no small interest to a lot of people in the lower end of the county. That’s because Sunoco has shut down production at their iconic Marcus Hook refinery as they seek a buyer for the plant. If none comes forward, the company says it will shutter the facility.
We keep hearing that there is at least one serious suitor who wants to operate the plant as a refinery, which would preserve the hundreds of jobs at the site.
It was just a week ago that ConocoPhillips announced its quarterly earnings. The company that used to operate a refinery in Trainer reported profits were up 66 percent in the quarter. The next morning they started laying workers off.
One of the reasons that Sunoco is getting out of the refinery business is because it has been a consistent loser, losing money in the last nine quarters.
We’ll let you know what the numbers are – and what that means for the workers in Marcus Hook – just as soon as they are released after 4 p.m.
Check back to DelcoTimes.com for the update.
The company will let everyone know how it is doing after the close of the markets this afternoon.
That will be of no small interest to a lot of people in the lower end of the county. That’s because Sunoco has shut down production at their iconic Marcus Hook refinery as they seek a buyer for the plant. If none comes forward, the company says it will shutter the facility.
We keep hearing that there is at least one serious suitor who wants to operate the plant as a refinery, which would preserve the hundreds of jobs at the site.
It was just a week ago that ConocoPhillips announced its quarterly earnings. The company that used to operate a refinery in Trainer reported profits were up 66 percent in the quarter. The next morning they started laying workers off.
One of the reasons that Sunoco is getting out of the refinery business is because it has been a consistent loser, losing money in the last nine quarters.
We’ll let you know what the numbers are – and what that means for the workers in Marcus Hook – just as soon as they are released after 4 p.m.
Check back to DelcoTimes.com for the update.
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