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SUN ANNOUNCES 1992 CAPITAL PROGRAM

 SUN ANNOUNCES 1992 CAPITAL PROGRAM
 RADNOR, Pa., Dec. 5 /PRNewswire/ -- Sun Company (NYSE: SUN) chief


executive officer Robert H. Campbell today announced that the company's board of directors has approved a 1992 capital program of $794 million.
 This represents a 4 percent decrease from the approved 1991 capital program of $830 million (excluding discontinued operations), but a modest increase from the projected 1991 capital spending of approximately $750 million. The capital program by business unit for 1992 is as follows:
 1992 1991
 Budget Budget
 ($million) ($million)
 Refining & Marketing 365 340
 International Exploration & Production 100 135
 Coal 42 90
 Business Development 40 0
 Suncor 247 265
 Subtotal 794 830
 Discontinued Operations (Real Estate) 0 45
 Total 794 875
 Commenting on the 1992 program, Campbell said, "This level of capital spending allows for growth opportunities while at the same time living within our means and maintaining our basic businesses."
 Sun Company is an energy company with interests in U.S. and Canadian petroleum refining and marketing, domestic coal and coke production, synthetic crude oil production in Canada, and crude oil and natural gas exploration and production outside the United States. Branded marketing is carried out under the Sunoco brand in the United States and Canada and also under the Atlantic brand in the United States. Sun Company trades on the New York Stock Exchange and other exchanges with the symbol "SUN."
 /delval/
 -0- 12/5/91
 /CONTACT: Bud Davis (media), 215-977-3485, or Tim Hughes (investors), 215-293-6543, both of Sun Company/
 (SUN) CO: Sun Company Incorporated ST: Pennsylvania IN: OIL SU:


LJ -- PH020 -- 9685 12/05/91 12:44 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 5, 1991
Words:267
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