3Q06 Earnings Conference Call

November 2, 2006

1

Exhibit 99.2

Safe Harbor Statement

This slide presentation should be reviewed in conjunction with Sunoco’s Third Quarter 2006 earnings conference call, held on November 2,

2006 at 3:00 p.m. ET.  You may listen to the audio portion of the conference call on the website or an audio recording will be available after the

call’s completion by calling 1-800-642-1687 and entering conference ID#7772020.

Those statements made by representatives of Sunoco during the course of this conference call that are not historical facts are forward-

looking

statements

intended

to

be

covered

by

the

safe

harbor

provisions

of

Section

27A

of

the

Securities

Act

of

1933

and

Section

21E

of

the

Securities Exchange Act of 1934. These forward-looking statements are based upon a number of assumptions by Sunoco concerning future

conditions, any or all of which may ultimately prove to be inaccurate.  Forward-looking statements are inherently uncertain and necessarily

involve risks that may affect Sunoco's business prospects and performance, causing actual results to differ materially from those discussed

during this conference call.  Such risks and uncertainties include, by way of example and not of limitation: general economic, financial and

business conditions which could affect Sunoco’s financial condition and results of operations; changes in competition and competitive practices,

including the impact of foreign imports; effects of weather conditions and natural disasters on the Company’s operating facilities and on product

supply and demand; changes in refined product and chemical margins; variation in petroleum-based commodity prices and availability of crude

oil and feedstock supply or transportation; effects of transportation disruptions; changes in the price differentials between light-sweet and heavy-

sour crude oils; changes in the marketplace which may affect supply and demand for Sunoco’s products; changes in the level of operating

expenses;

changes

in

product

specifications;

availability

and

pricing

of

ethanol;

changes

in

the

expected

level

of

environmental

capital,

operating

or remediation expenditures; age of, and changes in the reliability, efficiency and capacity of, the Company’s operating facilities or those of third

parties; effects of adverse events relating to the operation of the Company’s facilities and to the transportation and storage of hazardous

materials (including equipment malfunction, explosions, fires, spills and the effects of severe weather conditions); risks related to labor relations

and

workplace

safety;

changes

in

applicable

statutes

and

government

regulations

or

their

interpretations,

including

those

relating

to

the

environment

and

global

warming;

changes

in

tax

laws

or

their

interpretations,

including

pension

funding

requirements;

ability

to

identify

acquisitions, execute them under favorable terms and integrate them into the Company’s existing businesses; ability to enter into joint ventures

and other similar arrangements under favorable terms; delays and/or costs related to construction, improvements, and/or repairs of facilities

(including shortages of skilled labor, the issuance of applicable permits and inflation); non-performance by or disputes with major customers,

suppliers, dealers, distributors or other business partners; changes in financial markets impacting pension expense and funding requirements;

political

and

economic

conditions

in

the

markets

in

which

the

Company,

its

suppliers

and

customers

operate,

including

the

impact

of

potential

terrorist

acts

and

international

hostilities;

military

conflicts

between,

or

internal

instability

in,

one

or

more

oil

producing

countries,

governmental

actions and other disruptions in the ability to obtain crude oil; and changes in the status of, or initiation of, new litigation, arbitration or other

proceedings to which the Company is a party or liability resulting from such litigation, arbitration or other proceedings, including natural resource

damage

claims.

These

and

other

applicable

risks

and

uncertainties

have

been

described

more

fully

in

Sunoco's

Third

Quarter

2006

Form

10-Q

filed with the Securities and Exchange Commission on

November 2, 2006.

Other factors not discussed herein also could materially and adversely

affect Sunoco’s business prospects and/or performance.  All forward-looking statements included in this conference call are expressly qualified

in their entirety by the foregoing cautionary statements.

Sunoco undertakes no obligation to update any forward-looking statements whether as a result of new information or future events.

2

Earnings Profile

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Net Income (MM$ after tax):

   Refining & Supply

108

212

341

286

73

409

273

   Retail Marketing

    (8)

    7

    6

  25

  -

  10

  77

   Chemicals

  33

  30

  23

    8

14

    8

    5

   Logistics

    3

    9

    7

    3

  6

  12

    7

   Coke

  10

  13

  15

  10

14

  10

    9

   Corporate Expenses

  (16)

  (16)

  (25)

  (27)

(16)

  (11)

  (11)

   Net Financing Expenses & Other

  (14)

  (13)

  (10)

    (8)

(12)

  (12)

    (9)

      Income Before Special Items

116

242

357

297

79

426

351

         Special Items 

    -

    -

  (28)

  (10)

  -

    -

    -

      Total Net Income

116

242

329

287

79

426

351

EPS (Diluted), Before Special Items 

0.83

1.75

2.60

2.19

0.59

3.22

2.76

EPS (Diluted), Net Income

0.83

1.75

2.39

2.12

0.59

3.22

2.76

3

Earnings Profile

3Q06

3Q05

2Q06

Net Income (MM$ after tax):

   Refining & Supply

  273

341

(68)

409

(136)

   Retail Marketing

   77

    6

  71

  10

   67

   Chemicals 

    5

  23

(18)

    8

   (3)

   Logistics

    7

    7

   -

  12

   (5)

   Coke

    9

  15

  (6)

  10

   (1)

   Corporate Expenses

(11)

(25)

  14

(11)

   -

   Net Financing Expenses & Other

  (9)

(10)

    1

(12)

    3

      Income Before Special Items

351

357

  (6)

426

(75)

         Special Items 

     -

(28)

  28

     -

     -

      Total Net Income

351

329

  22

426

  (75)

EPS (Diluted), Before Special Items 

2.76

2.60

6%

3.22

(14%)

EPS (Diluted), Net Income

2.76

2.39

15%

3.22

(14%)

4

Earnings Profile

9M06

9M05

Net Income (MM$ after tax):

   Refining & Supply

755

661

   94

   Retail Marketing

  87

    5

  82

   Chemicals

  27

  86

  (59)

   Logistics

  25

  19

    6

   Coke

  33

  38

    (5)

   Corporate Expenses

  (38)

  (57)

   19

   Net Financing Expenses & Other

  (33)

  (37)

    4

      Income Before Special Items

856

715

141

         Special Items 

    -

(28)

  28

      Total Net Income

856

687

169

EPS (Diluted), Before Special Items 

6.53

5.17

26%

EPS (Diluted), Net Income

6.53

4.97

31%

5

Income Before Special Items*, MM$

6

* For reconciliation to Net Income, see slide 3.

$426

$351

$79

$297

$357

$242

$116

$0

$100

$200

$300

$400

$500

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Refining & Supply

108

212

341

286

73

409

273

Non

-Refining

38

59

51

46

34

40

98

Corp. & Net Fin.

(30)

(29)

(35)

(35)

(28)

(23)

(20)

Income Before

Special Items

116

242

357

297

79

426

351

EPS (Diluted), Before

Special Items

0.83

1.75

2.60

2.19

0.59

3.22

2.76

Income Before Special Items* –

3Q06 vs. 3Q05, MM$

7

* For reconciliation to Net Income, see slide 3.

3Q05

Actual

3Q06

Actual

Volumes

R&S

6

Retail

-

Chemicals

(5)

Margins

R&S

(40)

Retail

70

Chemicals

(17)

357

Expenses /Other

R & S

(34)

Retail

1

Chemicals

4

Corporate

14

13

1

(15)

(5)

351

Other

Logistics

-

Coke

(6)

Financing

1

Income Before Special Items* –

3Q06 vs. 2Q06, MM$

8

* For reconciliation to Net Income, see slide 3.

2Q06

Actual

3Q06

Actual

Volumes

R&S

-

Retail

2

Chemicals

(4)

Margins

R&S

(123)

Retail

64

Chemicals      4

426

Expenses/Other

R & S

(13)

Retail

1

Chemicals

1

Corporate

-

Other

Chem. Tax Adj.

(4)

Logistics

(5)

Coke

(1)

Financing

3

(55)

(2)

(11)

351

(7)

Key Margin Indicators

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Refining & Supply, $/B

   Realized Northeast

  6.11

  7.55

10.52

  9.18

  5.35

11.56

  8.35

   Realized MidContinent

  5.42

  8.80

11.60

12.25

  8.38

15.00

14.90

      Realized Total R&S

  5.93

  7.87

10.80

  9.96

  6.13

12.41

10.13

Retail Marketing, cpg

   Gasoline

  5.7

  7.9

  7.7

11.0

  6.8

  8.4

17.3

   Distillate 

12.0

  7.9

  8.8

13.5

12.0

  8.7

10.4

Chemicals, cpp

   Phenol and Related

11.0

12.8

10.7

  9.3

  9.1

  7.1

  7.0

   Polypropylene

15.4

13.2

12.7

14.3

13.2

11.1

12.2

      Total Chemicals

12.6

12.8

11.5

11.4

10.9

  8.8

  9.3

Dated Brent Crude Oil       

  Delivered, $/B

48.93

52.73

62.70

58.15

63.13

70.90

70.66

Natural Gas, $/DT

  6.48

  6.95

  9.71

12.86

  7.88

6.67

6.14

9

Refining & Supply –

Realized Margin vs. Benchmark, $/B

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Northeast Refining:

   6-3-2-1 Benchmark

4.51

6.06

11.23

  9.23

4.49

  8.76

5.29

      Crude Differential

0.80

0.15

  (0.09)

  (2.29)

(1.19)

 

(1.06)

(0.58)

      Product Differential

0.80

1.34

  (0.62)

  2.24

2.05

  3.86

3.64

   Realized Margin

6.11

7.55

10.52

  9.18

5.35

11.56

8.35

MidContinent Refining:

   3-2-1 Benchmark

6.24

9.94

16.03

11.95

7.92

18.63

14.13

      Crude Differential

(0.55)

(0.36)

  (0.17)

  (0.51)

0.67

  0.58

  0.25

      Product Differential

(0.27)

(0.78)

  (4.26)

  0.81

(0.21)

 

(4.21)

  0.52

   Realized Margin

5.42

8.80

11.60

12.25

8.38

15.00

14.90

10

$3.06

($3.63)

$2.80

$0.86

($0.05)

($0.71)

$1.49

$1.60

$0.77

$0.46

($1.14)

$0.30

($4.43)

($0.82)

($6.00)

($5.00)

($4.00)

($3.00)

($2.00)

($1.00)

$0.00

$1.00

$2.00

$3.00

$4.00

Northeast

MidContinent

Refining & Supply -

3Q06 Gasoline and Distillate Production

Northeast

Refining

MidContinent

Refining

Total Refining

& Supply

Gasoline Production, MB/D

318.7

123.9

442.6

   RFG

50%

0%

36%

   Conventional

50%

100%

64%

Distillate Production, MB/D

220.9

76.6

297.5

   On-Road Diesel Fuel

54%

36%

49%

   Heating Oil / Off-Road Diesel

26%

30%

27%

   Jet Fuel

16%

34%

21%

   Kerosene / Other

  4%

  0%

  3%

11

Key Volume Indicators

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Refining & Supply

   Northeast:

     Crude Throughputs, MB/D

646

655

643

659

610

640

612

     % Capacity

  99

100

  98

101

  93

  98

  93

     Net Production Available for Sale, MB/D

685

700

677

705

664

698

658

   MidContinent:

     Crude Throughputs, MB/D

229

236

223

234

225

224

238

     % Capacity

  93

  96

  91

  95

  92

  92

  97

     Net Production Available for Sale, MB/D

234

241

228

238

233

231

246

   Total Refining & Supply:

     Crude Throughputs, MB/D

875

891

866

893

835

864

850

     % Capacity

  97

  99

  96

  99

  93

  96

  94

     Net Production Available for Sale, MB/D

919

941

905

943

897

928

904

     Net Production Available for Sale, MMB

  83

  86

  83

  87

  81

  84

  83

12

Key Volume Indicators

13

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Retail Marketing

Gasoline Sales, MM gal

1,095

1,167

1,195

1,115

1,086

1,181

1,202

Middle Distillate Sales, MM gal

187

161

165

181

176

158

158

Total Sales, MM gal

1,282

1,328

1,360

1,296

1,262

1,339

1,360

Gasoline and Diesel Throughput

(M

gal/Site/Month)

(Company owned or leased outlets)

132

139

143

131

132

143

150

Merchandise Sales (M$/Store/Month)

71

81

84

76

71

82

87

Chemicals

Phenol and Related Sales, MM#

681

617

662

619

633

663

607

Polypropylene Sales, MM#

533

583

590

512

562

569

550

Other Sales, MM#

33

16

20

22

21

21

21

Total, MM#

1,247

1,216

1,272

1,153

1,216

1,253

1,178

Coke

Production, M tons

503

625

643

634

631

627

620

Sales, M tons

497

621

647

610

647

632

618

Financial Indicators

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Debt / Capital Ratio – 

   Revolver Covenant, MM$ 

      Net Debt *

1,141

1,061

   679

   499

1,169

   844

1,285

      SXL ** Minority Interest

   236

   337

   398

   397

   394

   506

   502

      Shareholders’ Equity

1,614

1,802

2,062

2,051

2,027

2,295

2,126

         Total Capital

2,991

3,200

3,139

2,947

3,590

3,645

3,913

      Net Debt / Capital

38%

33%

22%

17%

33%

23%

33%

*

Net of cash, includes debt guarantees

**

Sunoco Logistics Partners L.P. (NYSE: SXL)

14

Share Repurchase Activity

15

Shares

Repurchased

Total

Cost

Average

Price     

(MM)

(MM$)

($/share)

2000

10.4

   144

13.87

2001

21.4

   393

18.32

2002

--

     --

--

2003

  5.8

   136

23.36

2004

15.9

   568

35.68

2005 

  6.7

   435

64.57

1H06

  2.9

   198

69.67

3Q06

  7.3

   536

73.24

   Total

70.4

2,410

34.20

At 9/30/06:

Shares O/S = 123.1MM

Net Share Reduction in 2006 = 8%

Remaining Authorization = $1,074MM

For More Information

16

Media releases and SEC filings are available

on our website at www.SunocoInc.com

Contact for more information:

Terry Delaney

(215) 977-6106

Tom Harr

(215) 977-6764