Sunoco's stock symbol is SUN. This is the ticker symbol assigned to the company by the New York Stock Exchange (NYSE).
Sunoco's stock is listed on the NYSE under the symbol SUN. This makes it easily accessible to investors who want to buy or sell shares.
The SUN stock symbol is a unique identifier that sets Sunoco apart from other publicly traded companies.
Explore further: Silver Stock Symbol Nyse
About Sunoco
Sunoco LP is a major player in the fuel distribution industry, with a vast network that spans over 40 states. It distributes motor fuels to independent dealers, distributors, and commercial customers.
The company's reach is impressive, with a total distribution of 8.3 billion gallons in 2023. This is a testament to its strategic partnerships with five subsidiary oil companies.
Financial Performance
Sunoco LP's financial performance in 2023 was a mixed bag. Revenue decreased by 10.34% to $23.07 billion.
The company's earnings took an even bigger hit, plummeting 21.66% to $311.00 million.
Sunoco Transformation
The Sunoco Transformation is a significant development in the oil and gas industry. It resulted from Sunoco LP's acquisition of NuStar Energy, creating a massive vertically integrated oil and gas giant.
With a market cap of $7.36 billion, Sunoco LP is now a major player in the industry. This acquisition positions Sunoco LP for long-term growth and stability.
The Q2 2024 earnings report is expected to show the impact of this transformation. It will be interesting to see how Sunoco LP's new assets contribute to its revenue and net income.
Sunoco LP's extensive pipeline and terminal assets are a key part of its growth strategy. These assets will help the company to expand its operations and increase its market value.
Sunoco LP's past financial performance has been strong, with significant revenue and net income growth.
Related reading: Converse Stock Market Symbol
Sunoco Overview
Sunoco LP's diluted earnings per share (EPS) over the past 12 months is 3.15.
The company's revenue growth year-over-year (YOY) is a significant -9%.
Sunoco LP's earnings growth YOY is a remarkable 393.6%.
The profit margin for Sunoco LP is 2.68%.
Frequently Asked Questions
Is Sunoco a publicly traded company?
Yes, Sunoco is a publicly traded company, listed on the New York Stock Exchange. You can find its units trading under the ticker symbol SUN.
Featured Images: pexels.com
