Deals
Sunoco Dumps Refineries to Chase Pipeline Profits
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Sunoco Inc. Chief Executive Officer Lynn Elsenhans has figured out the best strategy for stanching losses from the refining business: get rid of refineries.
Elsenhans, 54, boosted Sunoco to the top of the list of major U.S. oil and gas companies in returns this year as the stock gained 53 percent. She took charge of the second-largest U.S. independent refiner in 2008, just as fuel demand slumped the most in 27 years, and immediately started trimming costs.