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sunoco 2Q08 Earnings Conference Call Presentation
Net income excluding special items was $61 million for 2Q08, down from $509 million in 2Q07. Refining & Supply contributed $32 million due to weak gasoline margins and rising crude oil prices. Non-Refining contributed $47 million, with Retail Marketing at breakeven and Chemicals earnings of $3 million on higher feedstock costs. 3Q08 outlook expects continued weak refining margins and high utilization rates reflecting challenging market conditions.
