Oil Stock Winners and Losers: Sunoco

Sunoco shares rise after the company sells its Tulsa refinery for $65 million.
Publish date:

Shares of major integrated oil companies were trading mixed on Thursday as crude oil futures rose.

The Amex Oil Index was up 1% to 879.70. Light, sweet crude oil futures for May delivery were higher by 73 cents to $49.88 a barrel on the New York Mercantile Exchange.


(SUN) - Get Report

was up 2.5% to $28.46 after announcing it had sold its refinery in Tulsa, Okla., to



for $65 million. The deal also includes Sunoco's specialty lubricant products business.

Sunoco said it had been trying to sell the facility, which refines 85,000 barrels a day, since November 2008. The terms of the deal protect the 400 jobs at the refinery and the workers will become Holly employees, said a Sunoco spokesman. The deal is expected to close on June 1, 2009.


(BP) - Get Report

shares were up 2% to $40.13.

Shares of


(COP) - Get Report

were up 0.5% to $39.89.


(CVX) - Get Report

shares were down 0.8% to $66.20.

Royal Dutch Shell


was up 1.2% to $42.82.

Exxon Mobil

(XOM) - Get Report

was down 0.6% to $67.75.

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