Analyst Coverage

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Bank of America Merrill LynchDoug Leggate
BarclaysPaul Cheng
CitigroupFaisel Khan
Cowen SecuritiesSam Margolin
Credit SuisseEd Westlake
Howard WeilBlake Fernandez
ISI GroupDoug Terreson
MacquarieChi Chow
Morgan Stanley Evan Calio
Oppenheimer & CoFadel Gheit
Raymond JamesPavel Molchanov
Simmons & Company InternationalJeff Dietert
UBSCraig Weiland
Wells Fargo SecuritiesRoger Read
Wolfe ResearchPaul Sankey
Tesoro Corporation is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Tesoro Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tesoro Corporation or its management. Tesoro Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.