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Sep 28, 2018Andeavor Announces Results of Marathon Petroleum Corp. Acquisition Conversion Election
SAN ANTONIO, TX - September 28, 2018 - Andeavor (NYSE: ANDV) announced today the preliminary results of the stockholder election consideration related to the previously announced acquisition by Marathon Petroleum Corporation ("Marathon") (NYSE: MPC). On April 29, 2018, Andeavor, Marathon, Mahi Inc. and Andeavor LLC (f/k/a Mahi LLC) entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for the acquisition of Andeavor by Marathon through a merger of Ma... 
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Sep 24, 2018Andeavor Stockholders Approve Merger of Marathon Petroleum Corp. and Andeavor
SAN ANTONIO, TX - September 24, 2018 - Stockholders of both Andeavor (NYSE: ANDV) and Marathon Petroleum Corporation (NYSE: MPC) today voted to approve the merger of MPC and Andeavor.  At separate special stockholders' meetings, Andeavor stockholders approved the adoption of the previously disclosed agreement and plan of merger, and MPC stockholders approved the issuance of shares of MPC common stock in connection with the merger. Andeavor's proposal to approve the transaction was supported by ... 
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Sep 17, 2018Andeavor Honors Top Suppliers
SAN ANTONIO, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Andeavor (NYSE: ANDV) is pleased to announce the recipients of its annual Supplier Recognition Awards, selected for outstanding performance in alignment with Andeavor’s Guiding Principles. Andeavor presented awards to suppliers in various categories, including: Supplier of the Year Safety Innovation and Value Delivery Shared Value Small, Disadvantaged or Diverse Business of the Year Award recipients were chosen for exceptio... 
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Sep 13, 2018Marathon Petroleum Corporation and Andeavor announce successful early note exchange tender period
(GLOBE NEWSWIRE via COMTEX) --                                                 Marathon Petroleum Corporation and Andeavor announce successful early note exchange tender period FINDLAY, Ohio, and SAN ANTONIO, Texas, Sept. 13, 2018 - Marathon Petroleum Corporation (NYSE: MPC) and Andeavor (NYSE: ANDV) today announced that, in connection with the previously announced offers to exchange (the "Exchange Offers") any and all outstanding senior notes issued by Andeavor as set forth in the table b... 
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Aug 29, 2018Marathon Petroleum Corporation Commences Exchange Offers and Andeavor Commences Consent Solicitations
Marathon Petroleum Corporation Commences Exchange Offers and Andeavor Commences Consent Solicitations FINDLAY, Ohio, and SAN ANTONIO, Texas, Aug. 29, 2018 - Marathon Petroleum Corporation (NYSE: MPC) ("MPC") and Andeavor (NYSE: ANDV) today announced that, in connection with the anticipated combination of MPC and Andeavor, MPC has commenced offers to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by An... 
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Aug 6, 2018Andeavor Reports Second Quarter 2018 Results
Reported quarterly earnings of $515 million, or $3.38 per diluted share, consolidated net earnings of $582 million and EBITDA of $1,150 million Subject to approval of shareholders and customary closing conditions, expecting to close strategic combination with Marathon on October 1, 2018; Andeavor shareholder meeting scheduled for September 24, 2018 Announced participation in Gray Oak Pipeline and South Texas Gateway Terminal joint ventures on April 24, 2018 to transport Permian Basin crude o... 
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Aug 3, 2018Marathon Petroleum Corp. and Andeavor announce filing of definitive proxy statement
FINDLAY, Ohio, and SAN ANTONIO, Texas, August 3, 2018 - Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) today filed a joint definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission regarding the pending merger pursuant to which MPC has agreed to acquire all of Andeavor’s outstanding shares.A special meeting of Andeavor stockholders has been set for Monday, Sept. 24, 2018, at 9 a.m. Central Time at the JW Marriott San Antonio, 23808 Resort Parkway,... 
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Jul 11, 2018Andeavor to Release Second Quarter 2018 Earnings
SAN ANTONIO, TX - July 11, 2018 - Andeavor (NYSE: ANDV) plans to release its earnings for the second quarter 2018 after the market closes on Monday, August 6, 2018. About AndeavorAndeavor is a premier, highly integrated marketing, logistics and refining company. Andeavor's retail-marketing system includes more than 3,200 stores marketed under multiple well-known fuel brands, including ARCO®, SUPERAMERICA®, Shell®, Exxon(TM), Mobil(TM), Tesoro, USA Gasoline(TM) and Giant®. It also has ownership ... 
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Jul 3, 2018Marathon Petroleum Corp. and Andeavor Announce Expiration of HSR Act Waiting Period
FINDLAY, Ohio, and SAN ANTONIO, Texas, July 3, 2018 – Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with the proposed transaction whereby MPC would acquire all of Andeavor’s outstanding shares. The parties have also received the necessary regulatory clearance by the Canadian Commissioner of Competition pursuant to the Competition Act (Canada).Together,... 
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Jun 6, 2018Andeavor to Develop Fuel Storage Facility in Baja California
SAN ANTONIO, TEXAS - June 6, 2018 - Andeavor (NYSE: ANDV) today announced plans to build a refined products terminal at the Rosarito storage facility of Comisión Federal de Electricidad (CFE), in the state of Baja California. Under the terms of an agreement with CFEnergía a subsidiary of CFE, Andeavor will sign a long-term lease for the land and will construct and operate the facility, for a total investment of approximately $100 million. The infrastructure is expected to reduce Andeavor's cost ... 
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May 21, 2018Andeavor Completes Asphalt Terminals Acquisition
SAN ANTONIO, TEXAS - May 21, 2018 - Andeavor (NYSE: ANDV) today announced that it has completed the acquisition of the West Coast asphalt terminals of Delek US Holdings, Inc. (NYSE: DK) for a total consideration of $75 million, plus working capital. The assets, formerly the Alon Asphalt Company, include four wholly-owned terminals in Elk Grove, CA; Bakersfield, CA; Mojave, CA; and Phoenix, AZ; as well as 50 percent interest in the Paramount Nevada Asphalt Company joint venture terminal in Fernle... 
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May 7, 2018Andeavor Reports First Quarter 2018 Results
Reported quarterly earnings of $164 million, or $1.07 per diluted share, consolidated net earnings of $237 million and EBITDA of $680 million Returned $348 million to shareholders in dividends and share repurchases Announced strategic combination with Marathon Petroleum Corp. Announced participation in new Gray Oak Pipeline and South Texas Gateway Terminal to move Permian Basin crude oil to Corpus Christi, TX Announced expected $1.6 to $1.7 billion drop down and asset transfer to Andeavo... 
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Apr 30, 2018Marathon Petroleum Corp. and Andeavor Combination to Create Leading U.S. Refining, Marketing, and Midstream Company
Creates a leading nationwide integrated energy company with an initial enterprise value greater than $90 billion1 Substantially increases geographic diversification and scale positioning the company for long-term growth and value creation Immediately accretive to earnings and cash flow per share2 Expect >= $1 billion of tangible cost and operating synergies, driving substantial long-term earnings and cash flow per share accretion Continued commitment to MPC's 2018 capital return pl... 
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Apr 24, 2018Andeavor to Participate in New Permian Crude Oil Pipeline and Marine Terminal
SAN ANTONIO, TEXAS - April 24, 2018 - Andeavor (NYSE: ANDV) today announced participation in two new joint ventures that support the transportation of crude oil from the Permian Basin to Corpus Christi, Texas with connection to a marine terminal under development. Gray Oak Pipeline, LLC, a joint venture owned 75 percent by Phillips 66 Partners (NYSE: PSXP) and 25 percent by Andeavor, is a pipeline system providing crude oil transportation from West Texas to destinations in the Corpus Christi, ... 
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Apr 4, 2018Andeavor to Release First Quarter 2018 Earnings
(GLOBE NEWSWIRE via COMTEX) --SAN ANTONIO, TX - April 4, 2018 - Andeavor (NYSE: ANDV) plans to release its earnings for the first quarter 2018 after the market closes on Monday, May 7, 2018. The Company will live broadcast its conference call with analysts regarding its quarterly results and other business matters on Tuesday, May 8, 2018 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.andeavor.com. About Andeavor Andeavor is a premier, highly inte... 
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Mar 15, 2018Andeavor and Andeavor Logistics Respond to FERC Announcement
SAN ANTONIO - March 15, 2018 - The Federal Energy Regulatory Commission ("FERC"), today announced that it would be revising its policy regarding income tax allowances in the rates of pipelines operated by MLPs. Andeavor Logistics (NYSE: ANDX) operates some FERC regulated pipelines, but anticipates that the ruling may only have a possible annual negative impact to Andeavor Logistics' net earnings and EBITDA of less than $10 million, which reflects the entire potential impact of changes in the F... 
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Feb 23, 2018Andeavor to Present at the Raymond James Institutional Investors Conference
SAN ANTONIO, TEXAS - February 23, 2018 - Andeavor (NYSE: ANDV) today announced that Greg Goff, Chairman and CEO, will address investors at the Raymond James Institutional Investors Conference in Orlando, Florida, on Monday, March 5, 2018, at 11:00 AM, Eastern Time. Investor materials to be used during this presentation, a live webcast and a replay of the webcast will be available on Andeavor's website in the investor relations section at www.andeavor.com. About AndeavorAndeavor is a premier, h... 
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Feb 23, 2018Andeavor to Present at the Bank of America Merrill Lynch 2018 Refining Conference
SAN ANTONIO, TEXAS - February 23, 2018 - Andeavor (NYSE: ANDV) today announced that Steven Sterin, Executive Vice President and CFO, will address investors at the Bank of America Merrill Lynch 2018 Refining Conference in New York on Thursday, March 8, 2018, at 10:15 AM, Eastern Time. Investor materials to be used during this presentation, a live webcast and a replay of the webcast will be available on Andeavor's website in the investor relations section at www.andeavor.com. About AndeavorAndea... 
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Feb 15, 2018Andeavor Reports Fourth Quarter and Full Year 2017 Results
Financial Highlights Reported full year earnings of $1.5 billion, or $10.81 per diluted share, consolidated net earnings of $1.7 billion and EBITDA of $2.6 billion, which includes $222 million of acquisition and integration costs Reported quarterly earnings of $879 million, or $5.61 per diluted share, consolidated net earnings of $908 million and EBITDA of $445 million, which includes $34 million of acquisition and integration costs Returned over $1 billion to shareholders in 2017 in divid... 
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Feb 12, 2018Andeavor Expands Asphalt Offering Through Acquisition
SAN ANTONIO, TEXAS - February 12, 2018 - Andeavor (NYSE: ANDV) today announced that it has agreed to acquire the West Coast asphalt terminals of Delek US Holdings, Inc. ("Delek", NYSE: DK) for a total consideration of $75 million, plus working capital. The assets, formerly the Alon Asphalt Company, includes four wholly-owned terminals in Elk Grove, CA; Bakersfield, CA; Mojave, CA; and Phoenix, AZ, as well as 50 percent interest in the Paramount Nevada Asphalt Company joint venture term... 
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Jan 30, 2018Andeavor Provides Preliminary Fourth Quarter 2017 Results and Impacts Related to Federal Tax-Reform Legislation
SAN ANTONIO, TEXAS - January 30, 2018 - Andeavor (NYSE: ANDV) today provided preliminary information regarding its financial results and highlights for the fourth quarter 2017 as well as the impact of the recently enacted Federal Tax Cuts and Jobs Act. The Company expects to report fourth quarter net earnings of approximately $5.55 to $5.65 per diluted share. Highlights during the quarter include the following: Shared the Company's plans for 2018-2020 to grow EBITDA by $1.4 billion Complete... 
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Jan 11, 2018Andeavor to Release Fourth Quarter and Full Year 2017 Earnings
(GLOBE NEWSWIRE via COMTEX) --SAN ANTONIO, TX - January 11, 2018 - Andeavor (NYSE: ANDV) plans to release its earnings for the fourth quarter and full year 2017 after the market closes on Thursday, February 15, 2018. The Company will live broadcast its conference call with analysts regarding its quarterly results and other business matters on Friday, February 16, 2018 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.andeavor.com. About Andeavor And... 
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Jan 3, 2018Andeavor Further Enhances Permian Basin Position Through Acquisition of Rangeland Energy II, LLC
SAN ANTONIO, TEXAS - January 3, 2018 - Andeavor (NYSE: ANDV) today announced that it has agreed to acquire 100% of the equity of Rangeland Energy II, LLC ("Rangeland"). Rangeland owns and operates assets in the Delaware and Midland Basins, including a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility. Andeavor plans to integrate the acquired 110-mile crude oil pipeline (with ultimate throughput capacity of 14... 
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Dec 21, 2017Andeavor Announces Closing of $1 Billion of Inaugural Investment Grade Senior Notes
(GLOBE NEWSWIRE via COMTEX) --SAN ANTONIO, TEXAS - December 21, 2017 - Andeavor (NYSE: ANDV) announced today that it completed a public offering of $500,000,000 of 3.800% Senior Notes due 2028 (the "2028 Notes") and $500,000,000 of 4.500% Senior Notes due 2048 (the "2048 Notes" and, together with the 2028 Notes, the "Notes"). "We are very pleased with the results of Andeavor's inaugural investment grade debt offering," said Steven Sterin, Executive Vice President and CFO. "This refinancing is... 
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Dec 5, 2017Andeavor and Andeavor Logistics Outline 2018-2020 Plan at Investor and Analyst Day
(GLOBE NEWSWIRE via COMTEX) --NEW YORK - December 5, 2017 - Andeavor (NYSE: ANDV) and Andeavor Logistics LP (NYSE: ANDX) will jointly host their 2017 Investor and Analyst Day today to outline their strategic plans and financial objectives for 2018 through 2020. "Andeavor's integrated value chain is well positioned to meet our goals to grow annual EBITDA by $1.4 billion to a total of $4.5 billion in 2020, following a transformational 2017," said Greg Goff, Chairman, President and CEO of Andeav... 
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Nov 8, 2017Andeavor Reports Third Quarter 2017 Results
Reported earnings of $551 million, or $3.49 per diluted share; results included the following pre-tax items: $209 million related to a LCM inventory benefit, a $19 million environmental accrual and acquisition and integration costs of $45 million Returned $345 million to shareholders including $252 million in share repurchases; expect to repurchase $300 million of shares in the fourth quarter 2017 Total retail and branded stations up 27% year-over-year to 3,124 stores On October 30, 2017,... 
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Oct 30, 2017Andeavor Logistics Completes Acquisition of Western Refining Logistics and IDR Buy-In
SAN ANTONIO, TEXAS - October 30, 2017 - Andeavor Logistics LP (NYSE: ANDX) and Andeavor (NYSE: ANDV) today announced that Andeavor Logistics has completed its acquisition of Western Refining Logistics, LP (NYSE: WNRL) in a unit-for-unit transaction and assumption of $280 million of net debt for a total enterprise value of approximately $1.7 billion, based on Andeavor Logistics' closing unit price of $45.90 on October 30, 2017. The strategic combination of the two companies further positions Ande... 
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Oct 5, 2017Andeavor to Release Third Quarter 2017 Earnings
SAN ANTONIO, TX - October 5, 2017 - Andeavor (NYSE: ANDV) plans to release its earnings for the third quarter 2017 after the market closes on Wednesday, November 8, 2017. The Company will live broadcast its conference call with analysts regarding third quarter results and other business matters on Thursday, November 9, 2017 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.andeavor.com. About AndeavorAndeavor is a premier, highly integrated marketin... 
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Sep 11, 2017Andeavor Honors Top Suppliers
SAN ANTONIO - September 10, 2017 - Andeavor (NYSE: ANDV) is pleased to announce the recipients of its annual Supplier Recognition Awards, selected for outstanding performance in alignment with Andeavor's Guiding Principles. Andeavor presented awards to suppliers in various categories, including: Supplier of the Year Safety Innovation and Value Delivery Shared Value Small, Disadvantaged or Diverse Business of the Year Award recipients were chosen for exceptional performance during the 2016 ... 
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Aug 29, 2017Andeavor Opens First ARCO® Station in Mexico
Andeavor Opens First ARCO® Station in Mexico SAN ANTONIO, TEXAS - August 29, 2017 - Andeavor (NYSE: ANDV) today announced that it has officially begun operating in Mexico and has successfully opened the first ARCO® station in Tijuana, Baja California, Mexico. As announced in July, Andeavor and Profesional Fuels Solutions, S.A. de C.V. (ProFuels) have an established wholesale marketing agreement and have outlined plans to expand the ARCO® brand to achieve a leading market position in the Mexican... 
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Aug 14, 2017Andeavor Announces Merger of its MLPs and Financial Repositioning of Andeavor Logistics through IDR Buy-In
Andeavor Logistics to acquire Western Refining Logistics in a unit-for-unit transaction for a total enterprise value of $1.8 billion, including net debt 0.5233x exchange ratio for WNRL public unitholders 0.4639x effective exchange ratio for Andeavor's WNRL units 0.4921x effective blended exchange ratio 78.0 million ANDX common units to be issued to Andeavor in exchange for the cancellation of IDRs, representing total equity value of: $3.8 billion based on Andeavor Logistics previous... 
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Aug 11, 2017Andeavor Announces Development of Conan Crude Oil Gathering Pipeline System in Delaware Basin
SAN ANTONIO, TEXAS - August 11, 2017 - Andeavor (NYSE:ANDV) is pleased to announce that it received sufficient commitments from third party shippers to warrant construction of the Conan Crude Oil Gathering Pipeline system in the Delaware Basin. As previously announced, the Conan Crude Oil Gathering Pipeline system will be approximately 130 miles in length and transport crude oil from origins in Lea County, New Mexico and Loving County, Texas to a terminal to be constructed in Loving County, Te... 
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Aug 8, 2017Andeavor Reports Second Quarter 2017 Results
Andeavor reported earnings of $40 million, or $0.31 per diluted share, consolidated net earnings of $87 million and EBITDA of $470 million Results include a pre-tax expense of $209 million related to a LCM inventory adjustment, pre-tax acquisition and integration costs of $124 million, additional non-deductible tax expense of $12 million and a net pre-tax gain of $20 million related to Andeavor Logistics Closed acquisition of Western Refining on June 1, 2017; integration progressing and cur... 
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Aug 1, 2017Tesoro Corporation and Tesoro Logistics LP Become Andeavor and Andeavor Logistics LP
SAN ANTONIO - August 1, 2017 - Tesoro Corporation and Tesoro Logistics LP today announced that the Companies changed their names to Andeavor (NYSE: ANDV) and Andeavor Logistics LP (NYSE: ANDX). The Companies will begin trading under their new ticker symbols upon today's opening of the New York Stock Exchange (NYSE). The Companies' previous ticker symbols, TSO and TLLP, have been retired. "Our name change to Andeavor acknowledges the significant progress we have made in transforming the Co... 
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Jul 25, 2017Tesoro to Launch the ARCO® Brand in Mexico
SAN ANTONIO, TEXAS - July 25, 2017 - Tesoro Corporation (NYSE: TSO), to become Andeavor on Aug. 1, 2017, today announced it has reached a definitive agreement that will enable the company to supply transportation fuels and launch the ARCO brand in the states of Sonora and Baja California, Mexico. This agreement allows Profesional Fuels Solutions, S.A. de C.V. (ProFuels) to begin wholesale marketing operations in Mexico under the ARCO brand. The ARCO brand provides value to consumers through it... 
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Jul 18, 2017Tesoro to Begin Operating in Mexico
SAN ANTONIO, TEXAS - July 18, 2017 - Tesoro Corporation (NYSE: TSO), to become Andeavor on August 1, 2017, today announced it has reached a definitive agreement with Petróleos Mexicanos (Pemex) for terminaling and transportation services in Mexico. The agreement will enable Tesoro to supply transportation fuels in the Mexican states of Sonora and Baja California.  Earlier this summer, Tesoro was awarded capacity in the Open Season for Northwest Mexico on the Pemex oil products pipeline and stor... 
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Jul 6, 2017Tesoro Corporation to Release Second Quarter 2017 Earnings
SAN ANTONIO - July 6, 2017 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the second quarter 2017 after the market closes on Tuesday, August 8, 2017. The Company will live broadcast its conference call with analysts regarding second quarter results and other business matters on Wednesday, August 9, 2017 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.tsocorp.com. Tesoro Corporation, soon to become Andeavor, is an independent refiner ... 
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Jun 14, 2017Tesoro Corporation to Participate in the Wells Fargo West Coast Energy Conference
SAN ANTONIO - June 14, 2017 - Tesoro Corporation (NYSE: TSO) announced today that Greg Goff, Chairman, President and Chief Executive Officer and the Investor Relations team will participate in the Wells Fargo West Coast Energy Conference on Tuesday, June 20, 2017 in San Francisco. Investor materials to be used during this conference will be available on Tesoro's website on the investor relations section at www.tsocorp.com. Tesoro Corporation, soon to become Andeavor, is an independent refiner... 
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Jun 5, 2017Tesoro Achieves Investment Grade Credit Rating with Standard & Poor's Upgrade
SAN ANTONIO, TEXAS - June 5, 2017 - Tesoro Corporation (NYSE: TSO) announced today that S&P Global Ratings raised the Company's corporate credit and senior unsecured issue ratings to "BBB-" with a stable outlook from "BB+". S&P indicated "the stable outlook reflects our expectation that Tesoro will successfully integrate the Western Refining acquisition, continue to drive operational improvements and enhance margins at its refineries, while not meaningfully increasing co... 
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Jun 1, 2017Tesoro and Tesoro Logistics Elect New Members to their Boards of Directors
SAN ANTONIO - June 1, 2017 - Tesoro Corporation (NYSE: TSO) ("Tesoro") and Tesoro Logistics LP (NYSE: TLLP) ("Tesoro Logistics") announced that they have elected new members to their respective Boards of Directors. Tesoro elected two new members to its Board of Directors: Paul L. Foster and Jeff A. Stevens. Tesoro Logistics elected Mr. Stevens to its Board of Directors. Mr. Foster and Mr. Stevens are former directors and executive officers of Western Refining, which was acqui... 
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Jun 1, 2017Tesoro Completes Acquisition of Western Refining; Provides Additional Information on Combined Operations and Synergies
SAN ANTONIO, TEXAS - June 1, 2017 - Tesoro Corporation (NYSE: TSO) ("Tesoro") and Western Refining, Inc. (NYSE: WNR) ("Western") announced today that Tesoro has completed its acquisition of Western for a total consideration of approximately $5.8 billion. The strategic combination of the two companies brings together refining, marketing and logistics businesses that form a powerful, integrated value chain with significant marketing and logistics growth opportunities in key are... 
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Jun 1, 2017Tesoro Corporation and Tesoro Logistics LP Announce New Names
SAN ANTONIO - June 1, 2017 - Tesoro Corporation (NYSE: TSO) and Tesoro Logistics LP (NYSE: TLLP) today announced the Companies will change their names to Andeavor and Andeavor Logistics LP, respectively, on Aug. 1, 2017. The Companies also unveiled new logos and ticker symbols. "We are announcing a new name to reflect the Company's ongoing transformation," said Greg Goff, Chairman, President and CEO. "The change to Andeavor acknowledges the significant progress we've made in becom... 
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May 24, 2017Tesoro Announces Expected Closing Date for Western Refining Acquisition and Election Deadline
SAN ANTONIO, TEXAS - May 24, 2017 - Tesoro Corporation (NYSE: TSO) today announced that the waiting period applicable to its proposed acquisition of Western Refining pursuant to the Hart Scott Rodino (HSR) Act has terminated. This satisfies one of the final conditions to the closing of the pending acquisition. Tesoro therefore expects the closing of the acquisition to occur on June 1, 2017, subject to the satisfaction or waiver of the remaining customary conditions to closing. ANNOUNCEMENT OF T... 
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May 24, 2017EP Energy and Tesoro Announce Drilling Joint Venture in the Uinta Basin
HOUSTON and SAN ANTONIO, May 24, 2017 /PRNewswire/ -- EP Energy Corporation (NYSE:EPE) and Tesoro Corporation (NYSE: TSO) announced the formation of a drilling joint venture, through respective subsidiaries, to fund oil and natural gas development in EP Energy's Altamont program located in the Uinta Basin of Utah. Additionally, EP Energy and Tesoro signed a multi-year Crude Oil Supply Agreement for yellow and black waxy crude oil to supply Tesoro's Salt Lake City Refinery. Drilling Joint Vent... 
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May 8, 2017TESORO CORPORATION REPORTS FIRST QUARTER 2017 RESULTS
Net earnings from continuing operations of $50 million, or $0.42 per diluted share, consolidated net earnings of $87 million and EBITDA of $423 million Logistics operating income grew 26% year-over year to $150 million Acquisition of Western Refining, Inc. approved by stockholders of both companies; transacti... 
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May 4, 2017Tesoro Corporation to Participate in the Morgan Stanley Refining Corporate Access Day
(GLOBE NEWSWIRE via COMTEX) --SAN ANTONIO - May 4, 2017 - Tesoro Corporation (NYSE: TSO) announced today that Steven Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Morgan Stanley Refining Corporate Access Day on Thursday, May 11, 2017 in New York City. Investor materials to be used during this presentation will be available on Tesoro's website on the investor relations section at www.tsocorp.com. Tesor... 
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May 4, 2017Tesoro Corporation to Participate in the Citi Global Energy & Utilities Conference
(GLOBE NEWSWIRE via COMTEX) --SAN ANTONIO - May 4, 2017 - Tesoro Corporation (NYSE: TSO) announced today that Steven Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Citi Global Energy & Utilities Conference on Wednesday, May 10, 2017 in Boston. Steven Sterin will present at the conference. Investor materials to be used during this presentation and a live webcast will be available concurrent with the presen... 
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Apr 10, 2017Tesoro Corporation to Release First Quarter 2017 Earnings
SAN ANTONIO - April 10, 2017 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the first quarter 2017 after the market closes on Monday, May 8, 2017. The Company will live broadcast its conference call with analysts regarding first quarter results and other business matters on Tuesday, May 9, 2017 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, is an independent refiner and markete... 
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Mar 24, 2017Tesoro and Western Refining Stockholders Approve Acquisition of Western Refining by Tesoro
SAN ANTONIO, TEXAS - March 24, 2017 - Stockholders of both Tesoro Corporation (NYSE: TSO) and Western Refining, Inc. (NYSE: WNR) today voted to approve Tesoro's expected acquisition of Western Refining. At separate special stockholders' meetings, Tesoro stockholders approved the issuance of shares of Tesoro common stock in connection with the expected acquisition, and stockholders of Western Refining approved the adoption of the previously disclosed agreement and plan of merger.                 ... 
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Feb 14, 2017Tesoro Corporation to Participate in the Simmons & Company 17th Annual Energy Conference
SAN ANTONIO - February 14, 2017 - Tesoro Corporation (NYSE: TSO) announced today that Cynthia "C.J." Warner, Executive Vice President, Operations and Evan Barbosa, Investor Relations Manager, will participate in the Simmons & Company Annual Energy Conference on Thursday, March 2, 2017 in Las Vegas, NV. C.J. Warner will participate on a panel at the conference at 8:00 AM, Pacific Time.  Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum produc... 
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Feb 14, 2017Tesoro Corporation to Participate in the Bank of America Merrill Lynch Refining Conference
SAN ANTONIO - February 14, 2017 - Tesoro Corporation (NYSE: TSO) announced today that Steven Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Bank of America Merrill Lynch Refining  Conference on Thursday, March 2, 2017 in New York City. Steven Sterin will present at the conference at 10:50 AM, Eastern Time.  Investor materials to be used during this presentation and a live webcast will be available concurrent... 
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Feb 6, 2017TESORO CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2016 RESULTS
Fourth quarter net earnings from continuing operations of $78 million, or $0.66 per diluted share, consolidated net earnings of $101 million and EBITDA of $468 million Full year net earnings from continuing operations of $724 million, or $6.04 per diluted share, consolidated net earnings of $860 million and EBITDA of $2.4 billion Full year Logistics operating income grew 24% from last year to $487 million Marketing operating income for 2016 was $830 million; total branded stations increas... 
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Jan 16, 2017Tesoro Corporation to Release Fourth Quarter and Full Year 2016 Earnings
SAN ANTONIO - January 16, 2017 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the fourth quarter and full year 2016 after the market closes on Monday, February 6, 2017. The Company will live broadcast its conference call with analysts regarding fourth quarter and full year results and other business matters on Tuesday, February 7, 2017 at 7:30 a.m. CT. Interested parties may listen to the conference call by logging on to www.tsocorp.com . Tesoro Corporation, a Fortune 100 com... 
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Dec 21, 2016Tesoro Corporation to Participate in the Wolfe Research Refiners Conference
SAN ANTONIO - December 21, 2016 - Tesoro Corporation (NYSE: TSO) announced today that Greg Goff, Chairman, President and Chief Executive Officer, Steve Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Wolfe Research Refiners Conference on Wednesday, January 4, 2017 in Boston, Massachusetts. Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through... 
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Dec 21, 2016Tesoro Corporation to Participate in the Goldman Sachs Global Energy Conference
SAN ANTONIO - December 21, 2016 - Tesoro Corporation (NYSE: TSO) announced today that Greg Goff, Chairman, President and Chief Executive Officer, Steve Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Goldman Sachs Global Energy Conference on Thursday, January 5, 2017 in Orlando, Florida.   Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through ... 
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Dec 15, 2016Tesoro Announces Pricing of $850 Million 4.750% Senior Notes due 2023 and $750 Million 5.125% Senior Notes due 2026
SAN ANTONIO - December 15, 2016- Tesoro Corporation (NYSE:TSO) ("Tesoro") announced the pricing of its $850 million 4.750% Senior Notes due 2023 and its $750 million 5.125% Senior Notes due 2026 (together, the "Notes"). Subject to customary conditions, Tesoro anticipates that the offering will be completed on December 22, 2016 and intends to use a combination of the net proceeds from the offering of the notes, cash on hand and borrowings under its amended revolving credit fac... 
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Dec 15, 2016Tesoro Announces Intention to Offer $1.6 Billion in Senior Notes
SAN ANTONIO - December 15, 2016- Tesoro Corporation (NYSE:TSO) ("Tesoro") announced today that it is proposing to offer in an unregistered offering $1.6 billion in aggregate principal amount of Senior Notes due 2023 and Senior Notes due 2026 (together, the "Notes"). Tesoro intends to use a combination of the net proceeds from the offering of the notes, cash on hand and borrowings under its amended revolving credit facility to fund (i) the cash consideration and other amounts ... 
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Nov 21, 2016Tesoro Corporation Sells Northern California Terminalling and Storage Assets to Tesoro Logistics
SAN ANTONIO - November 21, 2016 - Tesoro Corporation (NYSE:TSO) and Tesoro Logistics LP (NYSE:TLLP) today announced that a subsidiary of Tesoro has closed the sale of terminalling and storage assets located in Martinez, California to TLLP. The Northern California Terminalling and Storage Assets include 5.8 million barrels of crude oil, feedstock, and refined product storage capacity at Tesoro's Martinez Refinery along with a marine terminal capable of handling up to 35,000 bpd of feedstock and r... 
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Nov 17, 2016TESORO TO ACQUIRE WESTERN REFINING IN $6.4 BILLION TRANSACTION
·        Transaction creates a premier, highly integrated and geographically diversified refining, marketing and logistics company·        Stock transaction at exchange ratio of 0.4350, with option to elect cash in lieu of stock up to a cap of 10% of the equity consideration; values the transaction at $6.4 billion ·        Commit to delivering $350 to $425 million in annual synergies; run rate to be achieved within the first two years ·        Expects to achieve 10% to 13% EPS accretion in 2018,... 
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Nov 10, 2016 Tesoro Corporation Announces Election of William H. Schumann, III, to Board of Directors
SAN ANTONIO - November 10, 2016 - Tesoro Corporation (NYSE:TSO) announced that William H. Schumann, III, has been elected to the Company's Board of Directors, effective November 11, 2016. Mr. Schumann served as Executive Vice President of FMC Technologies (NYSE: FTI), a global provider of technology solutions for the energy industry, from 2007 until his retirement in 2012. Prior to that, he held various management positions of increasing responsibility during his 31-year career at FMC and its p... 
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Oct 31, 2016TESORO CORPORATION REPORTS 2016 THIRD QUARTER RESULTS
Net earnings from continuing operations of $170 million, or $1.43 per diluted share, consolidated net earnings of $201 million and EBITDA of $577 million Total Refining throughput was 873 thousand barrels per day and utilization was 98% Logistics operating income grew 25% year-over-year to $133 million Marketing operating income of $273 million; total branded stations increased by 178 year-over-year Returned $215 million to shareholders; $150 million in share repurchases and $65 million... 
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Oct 4, 2016Tesoro Corporation to Release Third Quarter Earnings
SAN ANTONIO - October 4, 2016 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the third quarter 2016 after the market closes on Monday, October 31, 2016. The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Tuesday, November 1, 2016 at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, i... 
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Oct 3, 2016Tesoro Honors Top Suppliers
SAN ANTONIO - October 3, 2016 - Tesoro Corporation (NYSE: TSO) is pleased to announce the recipients of its first annual Tesoro Supplier Recognition Awards, selected for outstanding performance in alignment with Tesoro's Guiding Principles. Tesoro presented category awards in the areas of safety, innovation and value delivery, Shared Value and best performing small, disadvantaged or diverse business. One supplier from each of Tesoro's business segments - refining, logistics and marketing - was c... 
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Oct 3, 2016Tesoro Enters Into New $2.0 Billion Revolving Credit Facility
New credit facility becomes unsecured if investment grade credit rating is achieved Credit availability not subject to borrowing base redeterminations Tesoro continues on path to investment grade SAN ANTONIO - October 3, 2016 - Tesoro Corporation (NYSE:TSO) today announced that the Company has entered into a new senior secured revolving credit agreement with a group of banks led by JPMorgan Chase Bank. The new $2.0 billion, four-year cash flow credit facility replaces Tesoro's previous $3.... 
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Sep 16, 2016Tesoro Corporation Sells Remaining Alaska Storage and Terminalling Assets to Tesoro Logistics
SAN ANTONIO - September 16, 2016 - Tesoro Corporation (NYSE:TSO) and Tesoro Logistics LP (NYSE:TLLP) today announced that TLLP has closed the remaining portion of the acquisition of storage and terminalling assets in Alaska owned by subsidiaries of Tesoro. TLLP acquired the refined products terminals in Anchorage and Fairbanks, Alaska, for total consideration of $178 million, including $160 million of cash financed with borrowings on TLLP's revolving credit facility and $18 million of common and... 
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Sep 8, 2016Tesoro Corporation to Participate at the J.P. Morgan 7th Annual U.S. All Stars Conference
SAN ANTONIO - September 8, 2016 - Tesoro Corporation (NYSE: TSO) announced today that Greg Goff, Chairman, President and Chief Executive Officer, and Sam Ramraj, Vice President, Investor Relations, will participate in the J.P. Morgan 7th Annual U.S. All Stars Conference in London on Tuesday, September 20, 2016. Investor materials to be used at this conference will be available on Tesoro's website on the investor relations section at www.tsocorp.com Tesoro Corporation, a Fortune 100 company, is... 
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Sep 6, 2016Tesoro to Acquire Renewable Technology Company
SAN ANTONIO, Texas, September 6, 2016 - Tesoro Corporation (NYSE: TSO) has agreed to acquire Virent, Inc. ("Virent"), an innovative renewable fuels and chemicals company, to support Virent's success in bringing biofuels technology to commercial scale. Tesoro's renewable fuels strategy is to foster the development of high-quality, lower-carbon, renewable feedstocks and blendstocks that can either be co-processed in existing refineries or blended seamlessly with traditional fuels. Tesoro... 
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Aug 25, 2016Tesoro Corporation to Participate at the Barclays CEO Energy-Power Conference
SAN ANTONIO - August 25, 2016 - Tesoro Corporation (NYSE: TSO) announced today that Greg Goff, Chief Executive Officer, Steve Sterin, Executive Vice President and Chief Financial Officer and Sam Ramraj, Vice President Investor Relations, will participate in the Barclays CEO Energy-Power Conference in New York on Wednesday, September 7, 2016. Greg Goff will present at the conference at 1:45 PM, Eastern Time. Investor materials to be used during this presentation and a live webcast will be availa... 
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Aug 24, 2016Tesoro Updates Executive Responsibilities
SAN ANTONIO - Aug. 24, 2016 - Tesoro Corporation (NYSE:TSO) today announced updates to its executive responsibilities. Keith Casey, EVP, Operations, will become EVP, Marketing & Commercial, responsible for increasing value capture across all commercial activities within the Company. CJ Warner, EVP, Strategy & Business Development, will become EVP, Operations, responsible for driving operating efficiency and effectiveness across Tesoro's refining and logistics operations. In addition to hi... 
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Aug 3, 2016TESORO CORPORATION REPORTS 2016 SECOND QUARTER RESULTS
Net earnings from continuing operations of $418 million, or $3.47 per diluted share, consolidated net earnings of $449 million and EBITDA of $956 million, all include a pre-tax benefit of $363 million related to lower of cost or market inventory adjustment Logistics operating income grew 20% year-over-year to $125 million Successfully raised approximately $1 billion of debt and equity in Tesoro Logistics primarily to fund acquisitions from Tesoro and future growth Closed acquisition of Fl... 
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Jul 5, 2016Tesoro Corporation to Release Second Quarter Earnings
SAN ANTONIO - July 5, 2016 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the second quarter 2016 after the market closes on Wednesday, August 3, 2016. The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 4, 2016 at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, is... 
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Jul 1, 2016Tesoro Corporation to Sell Alaska Storage and Terminalling Assets to Tesoro Logistics
SAN ANTONIO - July 1, 2016 - Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (NYSE:TLLP) today announced that subsidiaries of Tesoro have executed an agreement for the sale of storage and terminalling assets in Alaska to TLLP for a total consideration of $444 million. The Alaska Storage and Terminalling Assets include:              Storage: Crude oil, feedstock and refined product storage tanks with combined capacity of approximately 3.5 million barrels in Kenai, Alaska, with c... 
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Jun 28, 2016Tesoro acquires Dakota Prairie Refining business in North Dakota
SAN ANTONIO, Texas, June 28, 2016 - Tesoro Corporation (NYSE: TSO), through its affiliate Tesoro Refining & Marketing Company LLC, has acquired Dakota Prairie Refining, LLC (DPR), which owns a  refinery near Dickinson, North Dakota, with strategic access to advantaged Bakken crude oil and is located just 100 miles west of the Tesoro Mandan Refinery. DPR's refinery has a crude oil capacity of 20 thousand barrels per day and produces ultra-low sulfur diesel, naphtha and resid. Tesoro plans to cont... 
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Jun 27, 2016Tesoro releases its 2015 Social Responsibility Report
SAN ANTONIO, June 27, 2016 - Tesoro Corporation (NYSE: TSO) today released its annual Social Responsibility Report for 2015 that outlines the Company's performance, approach, and commitment to social and environmental responsibility and demonstrates its commitment to operating in a responsible manner that creates shared value for shareholders, employees, customers, and communities. The 2015 Social Responsibility Report highlights accomplishments in the following areas: Safety: In 2015, Tesoro o... 
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Jun 20, 2016Tesoro Closes Acquisition of Marketing and Logistics Assets in Alaska
SAN ANTONIO, Texas, June 20, 2016 - Tesoro Corporation (NYSE: TSO), through its affiliates Tesoro Alaska Company LLC and Tesoro Alaska Terminals LLC, has closed the previously announced acquisition of Flint Hills Resources' (FHR) wholesale marketing and logistics assets in Anchorage and Fairbanks, Alaska. Consistent with the details of the transaction announced late in 2015, the acquisition includes: all FHR wholesale fuel marketing contracts in Alaska; an Anchorage terminal with 580,000 b... 
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May 4, 2016TESORO CORPORATION REPORTS 2016 FIRST QUARTER RESULTS
Net earnings from continuing operations of $58 million, or $0.48 per diluted share Adjusted earnings, excluding special items, were $144 million, or $1.19 per diluted share Strong consumer demand drives 71% year-over-year growth in Marketing operating income Total Refining throughput increased 86 thousand barrels per day versus first quarter 2015 Narrow crude oil differentials negatively impacted Refining results Continued growth in Logistics earnings Closed the acquisition of Great ... 
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Apr 6, 2016Tesoro Corporation to Release First Quarter Earnings
SAN ANTONIO - April 6, 2016 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the first quarter 2016 after the market closes on Wednesday, May 4, 2016. The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Thursday, May 5, 2016, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, is an in... 
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Feb 23, 2016Tesoro Corporation Announces Election of Edward G. Galante to Board of Directors
SAN ANTONIO - February 23, 2016 - Tesoro Corporation (NYSE:TSO) today announced the appointment of Edward G. Galante to the Company's Board of Directors, increasing the Board from nine to ten members, effective March 1, 2016. Mr. Galante served as Senior Vice President and a member of the Management Committee of ExxonMobil Corporation from 2001 until his retirement in 2006. Prior to that, he held various management positions of increasing responsibility during his more than 30 years with ExxonM... 
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Feb 3, 2016Tesoro Corporation and Tesoro Logistics LP Announce New Executive Appointment
SAN ANTONIO - February 3, 2016 - Tesoro Corporation (NYSE: TSO) announced today that Kim K.W. Rucker will join Tesoro as Executive Vice President, General Counsel and Secretary, effective March 14, 2016. Charles S. Parrish, who has served as the Company's General Counsel since March 2005 and as an Executive Vice President of the Company since April 2009, has announced his plans to retire. "I want to recognize and thank Chuck for his many contributions to Tesoro. Few employees are able to m... 
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Feb 1, 2016Tesoro Corporation Reports Fourth Quarter and Record Full Year Results for 2015
Tesoro Corporation Reports Fourth Quarter and Record Full Year Results for 2015 Record full year net earnings from continuing operations of $1.5 billion, or $12.39 per diluted share Excluding special items, adjusted earnings for 2015 were $1.7 billion, or $13.91 per diluted share Adjusted EBITDA for the quarter was $665 million and adjusted earnings were $221 million, or $1.83 per diluted share Record marketing segment performance for the year with operating income of $899 million Est... 
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Jan 20, 2016Tesoro launches plan to support development of renewable biocrude for its refineries
SAN ANTONIO, Texas, January 20, 2016 - Tesoro Corporation (NYSE: TSO) today announced its plan to foster the development of biocrude made from renewable biomass, which can be co-processed in its existing refineries, along with traditional crude oil. Converting renewable biomass into biocrude is expected to enable existing refining assets to produce less carbon-intensive fuels at a significantly lower capital and operating cost than competing technologies. This approach could lower Tesoro's com... 
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Jan 11, 2016Tesoro Closes Acquisition of Logistics Assets in the Williston Basin of North Dakota
SAN ANTONIO, Texas, January 11, 2016 - Tesoro Corporation (NYSE: TSO) ("Tesoro") has closed the previously announced acquisition of Great Northern Midstream LLC ("Great Northern Midstream"), a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston Basin of North Dakota. Consistent with the details of the transaction announced on Decembe... 
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Jan 8, 2016Tesoro Corporation to Release Fourth Quarter Earnings
SAN ANTONIO - January 8, 2016 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the fourth quarter 2015 after the market closes on Monday, February 1, 2016. The Company will broadcast, live, its conference call with analysts regarding fourth quarter results and other business matters on Tuesday, February 2, 2016, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company... 
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Jan 7, 2016Tesoro Boosts Fuel Supply Position in Nevada
SAN ANTONIO, Texas, January 7, 2016 - Tesoro Corporation (NYSE: TSO), through its affiliate Tesoro Refining & Marketing Company LLC, has signed a strategic supply agreement with an affiliate of Anabi Oil Corporation (“Anabi”) to sell fuel at 55 high volume retail stations in the greater Las Vegas, Nevada area that Anabi recently acquired.  The agreement allows Tesoro to increase its fuel sales in the Las Vegas region and strengthen the presence of the ARCO® and Mobil® brands. Anabi’s newl... 
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Dec 9, 2015Tesoro to Outline Strategic Initiatives and Growth Strategies at Analyst and Investor Day
NEW YORK, December 9, 2015, Tesoro Corporation (NYSE:TSO) ("Tesoro") will host its annual Analyst and Investor Day today to outline its strategic initiatives, growth plans and detailed financial objectives. "Tesoro has a proven track record of delivering on our commitments. We are on track to report record results for 2015. Further, we expect $400 million to $500 million of business improvements in 2016," said Greg Goff, Tesoro Chairman, President and CEO. "By focusing ... 
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Dec 8, 2015Tesoro to Acquire Strategic Logistics Assets in the Bakken
SAN ANTONIO, Texas, December 7, 2015 - Tesoro Corporation (NYSE: TSO) ("Tesoro") has agreed to acquire Great Northern Midstream LLC ("Great Northern Midstream"), a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston Basin of North Dakota. The transaction includes the 97-mile BakkenLink crude oil pipeline, which connects to several th... 
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Nov 23, 2015Tesoro to acquire Flint Hills Resources' marketing and logistics assets in Alaska
SAN ANTONIO, Texas, November 23, 2015 - Tesoro Corporation (NYSE: TSO), through its affiliate Tesoro Alaska Company LLC, has agreed to acquire Flint Hills Resources' (FHR) wholesale marketing and logistics assets in Anchorage and Fairbanks, Alaska. "This investment represents our commitment to efficiently and reliably serve customers in the state of Alaska," said Greg Goff, Chairman, President and Chief Executive Officer of Tesoro Corporation. "We have been a part of the Alaska ... 
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Nov 12, 2015Tesoro Corporation Sells Los Angeles Storage and Pipeline Assets to Tesoro Logistics
SAN ANTONIO - November 12, 2015 - Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (NYSE:TLLP) today announced that subsidiaries of Tesoro have closed the sale of crude oil and refined product storage and pipeline assets in Los Angeles, California (the "Los Angeles Refinery Storage and Handling Assets") to TLLP for a total consideration of $500 million. TLLP acquired 97 crude oil, feedstock and refined product storage tanks with combined capacity of 6.6 million barrels and... 
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Nov 10, 2015Tesoro Corporation Reaches Agreement to Sell the Los Angeles Storage and Pipeline Assets to Tesoro Logistics
SAN ANTONIO - November 10, 2015 - Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (NYSE:TLLP) today announced that subsidiaries of Tesoro have agreed upon terms for the sale of crude oil and refined product storage and pipeline assets in Los Angeles, California (the "Los Angeles Refinery Storage and Handling Assets") to TLLP for a total consideration of $500 million. The assets include 97 crude oil, feedstock and refined product storage tanks with combined capacity of 6.6... 
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Oct 29, 2015Tesoro Corporation Announces Quarterly Cash Dividend
SAN ANTONIO - October 29, 2015 - Tesoro Corporation (NYSE:TSO) announced today that its board of directors declared a dividend of $0.50 per share on common stock. The dividend is payable on December 15, 2015, to shareholders of record as of the close of business November 30, 2015. Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates six refineries in the western United States with a combined capacity ... 
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Oct 28, 2015Tesoro Corporation Reports Record 2015 Third Quarter Results
Tesoro Corporation Reports Record 2015 Third Quarter Results Record net earnings from continuing operations of $759 million, or $6.13 per diluted share Adjusted earnings were $802 million, or $6.48 per diluted share, excluding special items Returned $287 million to shareholders and paid down $398 million of secured debt S&P places both Tesoro and Tesoro Logistics on positive outlook Board approves new $1.0 billion share repurchase program Delivered over $500 million of business impro... 
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Oct 7, 2015Tesoro Corporation to Release Third Quarter Earnings
SAN ANTONIO - October 7, 2015 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the third quarter 2015 after the market closes on Wednesday, October 28, 2015. The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Thursday, October 29, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 compa... 
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Sep 17, 2015Vancouver Energy Emphasizes Crude Oil-By-Rail Safety With Tesoro’s New Rail Cars
New Poll Reveals More Than Two-Thirds of Clark County Residents Support Development of the Vancouver Energy Terminal VANCOUVER, Wash., Sept. 17, 2015 (GLOBE NEWSWIRE) -- Tesoro Corporation (NYSE:TSO), along with Savage and BNSF Railway, today gave local business leaders an opportunity to observe and learn about the enhanced safety features of Tesoro’s new DOT 120 crude oil rail cars at the Port of Vancouver USA. ... 
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Aug 19, 2015Tesoro Releases Its 2014 Social Responsibility Report
Company Outlines Its Progress in Social and Environmental Performance SAN ANTONIO, Aug. 19, 2015 (GLOBE NEWSWIRE) -- Tesoro Corporation (NYSE:TSO) today released its 2014 Social Responsibility Report that outlines the Company’s performance, approach and commitment to social and environmental responsibility. The report demonstrates Tesoro’s commitment to operating in a responsible manner while creating shared value for shareholders, employees, customers and the communities where it operates. ... 
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Aug 5, 2015Tesoro Corporation Reports 2015 Second Quarter Record Results
Record second quarter net earnings from continuing operations of $586 million, or $4.62 per diluted share Approved a 18% increase to regularly quarterly dividend to $0.50 per share Returned over $300 million to shareholders in the second quarter Delivered over $325 million of business improvements in the first half of 2015 Company on target to achieve business improvements of approximately $670 million for 2015 Expects to offer drop down to TLLP of $50 million to $75 million of EBITDA... 
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Jul 20, 2015Tesoro Foundation awards $200,000 grant to support San Antonio Prefreshman Engineering Program
(San Antonio, July 16, 2015) -- The San Antonio-based Tesoro Foundation has made a two-year, $200,000 grant to the San Antonio Prefreshman Engineering Program (PREP), according to a joint announcement by Tesoro Corporation (NYSE:TSO) and The University of Texas at San Antonio (UTSA). The grant will support PREP to provide services to 1,500 students in the San Antonio area each year. Manuel Berriozabal, a retired mathematics professor, established PREP in 1979 at UTSA. Since that time... 
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Jul 6, 2015Tesoro Corporation to Release Second Quarter Earnings
SAN ANTONIO - July 6, 2015 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the second quarter 2015 after the market closes on Wednesday, August 5, 2015. The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 6, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, i... 
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May 18, 2015Tesoro Exceeds New Federal Crude Oil Tank Cars Standards With Addition of Enhanced Rail Cars
SAN ANTONIO, Texas, May 18, 2015 (GLOBE NEWSWIRE) -- Tesoro Corporation (NYSE:TSO) announced today that Tesoro Refining & Marketing Company LLC (Tesoro) is upgrading its crude oil rail car fleet with the addition of 210 enhanced tank cars that exceed new safe transport standards issued by the U.S. Department of Transportation (USDOT) on May 1. Tesoro worked with Union Tank Car Company (UTLX) beginning in February of last year to develop a rail car expected to meet or exceed forthcoming re... 
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May 7, 2015Tesoro Corporation Reports 2015 First Quarter Results
First Quarter net earnings of $145 million, or $1.15 per diluted share Excluding special items, adjusted earnings were $124 million, or $0.98 per diluted share TLLP reported adjusted EBITDA of $168 million with strong contributions from the Rockies natural gas business Tesoro expects to achieve its 2015 plan to deliver $550 million to $670 million of business improvements SAN ANTONIO - May 7, 2015 - Tesoro Corporation (NYSE:TSO) today reported first quarter 2015 net earnings of $145 mil... 
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Apr 22, 2015Tesoro Corporation Pre-Releases First Quarter 2015 Earnings and Affirms Second Quarter and Full Year Guidance for 2015
SAN ANTONIO - April 22, 2015 - Tesoro Corporation (NYSE:TSO) today reported first quarter 2015 net earnings of $145 million or $1.15 per diluted share compared to net earnings of $78 million or $0.58 per diluted share for the first quarter of 2014.  Adjusted earnings for the first quarter, excluding a net benefit from special items of $21 million after tax, were $124 million or $0.98 per diluted share.  Adjusted EBITDA for the first quarter, excluding special items, was $489 million compared to ... 
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Apr 1, 2015Tesoro Corporation to Release First Quarter Earnings
SAN ANTONIO - April 1, 2015 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the first quarter 2015 after the market closes on Thursday, May 7, 2015. The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Friday, May 8, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 company, is an indep... 
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Mar 27, 2015Tesoro Corporation Begins Restart of Martinez Refinery and Updates First Quarter Guidance
SAN ANTONIO - March 27, 2015 - Tesoro Corporation (NYSE:TSO) today announced that the Martinez, California refinery has begun the restart process. "We are pleased to have reached an agreement with the local union at our Martinez, California refinery and are commencing the restart process today," said Greg Goff, Chairman and CEO.  "The facility should be back to normal operating levels over the next two weeks." The Martinez, California refinery was in the final stages of major... 
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Feb 17, 2015Tesoro Corporation Board of Directors Approves Two Projects at the Anacortes Refinery
SAN ANTONIO - February 17, 2015 - Tesoro Corporation (NYSE:TSO) today announced that its Board of Directors has approved two complementary projects to enhance clean products production at its Anacortes, Washington refinery. These projects include a $90 million naphtha isomerization project, which is designed to comply with upcoming reduced-sulfur gasoline regulations while simultaneously reducing gasoline production costs, and the previously announced $300 million mixed xylenes project, which up... 
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Feb 11, 2015Tesoro Corporation Reports 2014 Fourth Quarter and Record Full Year Results
Record all-time high full year net earnings from continuing operations of $872 million, or $6.67 per diluted share; excluding special items adjusted earnings were $887 million, or $6.79 per diluted share Fourth Quarter net earnings from continuing operations of $172 million, or $1.34 per diluted share; excluding special items adjusted earnings were $187 million, or $1.46 per diluted share Approved a 40% increase to regular quarterly dividend to $0.425 per share Successful close of the $2.5 bil... 
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Feb 2, 2015Tesoro Well Prepared to Safely Continue Refinery Operations and Meet Customer Commitments Following Strike by United Steelworkers
SAN ANTONIO - February 2, 2015 - Tesoro Corporation (NYSE:TSO) ("Tesoro" or the "Company") announced today that the Company intends to continue operating two refineries impacted by the United Steelworkers union (the "USW") decision to strike. Tesoro is confident that the Company can continue to safely operate the refineries and meet customer commitments until resolution is reached with the USW. Tesoro received strike notifications at its refineries in Anacortes, Wa... 
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Jan 5, 2015Tesoro Corporation to Release Fourth Quarter Earnings
SAN ANTONIO - January 5, 2015 - Tesoro Corporation (NYSE:TSO) plans to release its earnings for the fourth quarter 2014 after the market closes on Wednesday, February 11, 2015. The Company will broadcast, live, its conference call with analysts regarding fourth quarter results and other business matters on Thursday, February 12, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a Fortune 100 c... 
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Dec 9, 2014Tesoro and Tesoro Logistics to Outline Growth Strategies to Drive Shareholder Value at Analyst and Investor Day
Company to highlight track record of creating value, including over $1.5 billion of business and portfolio improvements since 2010 Industry-leading value creation with a total shareholder return of approximately 600% since 2010 Expects to exceed 2014 improvement targets by over 30% Anticipates 2015 annual improvements of $550 to $670 million Accelerates timeline to reach $1 billion of EBITDA in logistics business NEW YORK - December, 9 2014, Tesoro Corporation (NYSE:TSO) ("Tesoro&... 
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Nov 19, 2014Steven Grapstein to Step Down as Tesoro Chair Dec. 31, 2014
CEO Greg Goff to Assume Chair PositionSAN ANTONIO - Nov. 19, 2014 - Tesoro Corporation (NYSE: TSO) ("Tesoro") announced today that Steven H. Grapstein will be stepping down as non-executive Chair of the Board, effective Dec. 31, 2014, but will remain as a member of the Board of Directors. Greg Goff, the Company's President and CEO, will become Chair of the Board on Dec. 31, 2014. Susan Tomasky, the Chair of the Governance Committee, will become independent Lead Director. "We are gra... 
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Oct 30, 2014Tesoro Corporation Delivers on Distinctive Performance Objectives with Record Results in Third Quarter of 2014
SAN ANTONIO, Oct. 30, 2014 /PRNewswire/ -- Net income of $396 million, or $3.05 per diluted share Delivered $390 million towards California synergies and business improvements year to date Tesoro Logistics LP ("TLLP") to become full-service logistics company with announced acquisition of QEP Field Services Closed the West Coast Logistics Assets acquisition with TLLP for $270 million Repurchased $150 million of shares during third quarter Declared a regular quarterly dividend of $... 
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Oct 19, 2014Tesoro Corporation Creates Full-Service Logistics Company
Tesoro Logistics LP agrees to acquire QEP Field Services for approximately $2.5 billion, including 58% ownership in QEP Midstream Partners Strategically located, high-quality natural gas gathering and processing assets in the Rockies, Uinta and North Dakota Expands growth opportunity into natural gas midstream business Increases logistics third-party revenue from 12% to approximately 50% Transaction includes Tesoro investing over $350 million in TLLP Significantly grows Tesoro's value... 
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Oct 2, 2014Tesoro Launches Foundation to Further Community Investments
SAN ANTONIO (Oct. 2, 2014) - Tesoro Corp. announced today the launch of the Tesoro Foundation. The Tesoro Foundation will serve as the cornerstone of Tesoro's new community investment strategy and will play a crucial role in advancing the Company's philanthropic mission to create cleaner, safer, well-educated communities where it operates. In addition to awarding grants, the Foundation will also manage Tesoro's employee gift matching and volunteer programs. "At Tesoro, we measure our succ... 
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Oct 1, 2014Tesoro Corporation to Release Third Quarter Earnings
SAN ANTONIO - October 01, 2014 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the third quarter 2014 after the market closes on Thursday, October 30, 2014.  The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Friday, October 31, 2014, at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corpora... 
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Sep 30, 2014Tesoro Logistics LP Closes the Acquisition of the Second Portion of the West Coast Logistics Assets from Tesoro Corporation
SAN ANTONIO - September 30, 2014 - Tesoro Corporation (NYSE:TSO) ("Tesoro") and Tesoro Logistics LP (NYSE:TLLP) (the "Partnership" or "TLLP") today announced that TLLP has closed the remaining portion of the acquisition of certain terminalling and pipeline assets (the "West Coast Logistics Assets") owned by Tesoro and certain of its subsidiaries. TLLP acquired Tesoro Alaska Pipeline Company LLC, which owns a refined products pipeline located in Alaska, for... 
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Sep 22, 2014Tesoro Pledges $1.1 Million to Support K-12 Education in Local Communities
SAN ANTONIO (Sept. 22, 2014) - Tesoro Corp. pledged $1.1 million in grants to educational programs in Tesoro's headquarters and refinery communities, including: Anacortes, Washington; Kenai, Alaska; Mandan, North Dakota; Los Angeles and Martinez, California; Salt Lake City and San Antonio. "We are focused on helping to provide students the resources they need to succeed and grow," said Tesoro Corp. President and CEO Greg Goff. "Increasing access to a high-quality education is vit... 
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Aug 14, 2014Tesoro Announces Two Executive Appointments
SAN ANTONIO - August 14, 2014 - Tesoro Corporation (NYSE:TSO) announced today that Steven Sterin will join Tesoro as Executive Vice President and Chief Financial Officer, effective August 18, 2014, and Cynthia (CJ) Warner will join Tesoro as Executive Vice President, Strategy and Business Development, effective October 6, 2014. Scott Spendlove, who has served as the Company's Chief Financial Officer since May 2010 is leaving the Company to pursue other interests, "I thank Scott for his ma... 
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Jul 30, 2014Tesoro Corporation Reports 2014 Second Quarter Results
Net income of $224 million, or $1.70 per diluted share Delivered $200 million of EBITDA improvements New $1.0 billion share repurchase program authorized Increased regular quarterly dividend by 20% to $0.30 per share SAN ANTONIO - July 30, 2014 - Tesoro Corporation (NYSE:TSO) today reported second quarter 2014 net income of $224 million, or $1.70 per diluted share compared to net income of $227 million, or $1.64 per diluted share for the second quarter of 2013. Results from continuing... 
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Jul 21, 2014Tesoro Corporation Announces New Petrochemical Feedstock Project
SAN ANTONIO - July 21, 2014 - Tesoro Corporation (NYSE:TSO) today announced plans to produce petrochemical feedstock in its U.S. West Coast refining system.  The Company intends to gather intermediate feedstock, primarily reformate, from its West Coast refining system for xylene extraction at Anacortes, Washington.  The initial investment, estimated to be around $400 million, is designed to recover up to 15,000 barrels per day of mixed xylene.  The mixed xylene will mainly be exported to Asia an... 
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Jul 2, 2014Tesoro Corporation to Release Second Quarter Earnings
SAN ANTONIO - July 02, 2014 -Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the second quarter 2014 after the market closes on Wednesday, July 30, 2014.  The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, July 31, 2014, at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com Tesoro Corporation, ... 
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Jul 1, 2014Tesoro Logistics Closes Acquisition of Certain Tesoro Corporation Terminalling and Storage Assets
SAN ANTONIO - July 1, 2014 - Tesoro Corporation (NYSE:TSO) ("Tesoro") and Tesoro Logistics LP (NYSE:TLLP) (the "Partnership" or "TLLP") today announced that they have closed TLLP's acquisition of certain terminalling and storage assets (the "West Coast Logistics Assets") owned by Tesoro and certain of its subsidiaries.  TLLP acquired three marketing terminals and a storage facility for total consideration of $241 million, and expects to close the acquisiti... 
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Jun 23, 2014Tesoro Logistics Reaches Agreement with Tesoro Corporation to Acquire Certain Terminalling and Pipeline Assets
SAN ANTONIO - June 23, 2014 - Tesoro Corporation (NYSE:TSO) and Tesoro Logistics LP (NYSE:TLLP) (the "Partnership" or "TLLP") today announced that TLLP has reached an agreement with Tesoro Corporation ("Tesoro") to acquire certain terminalling and pipeline assets ("West Coast Logistics Assets") owned by Tesoro's subsidiaries. Under the terms of the agreement, TLLP will acquire the three marketing terminals, a storage facility and a refined products pipelin... 
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May 20, 2014Tesoro Corporation Announces Conversion of Subordinated Units
SAN ANTONIO - May 20, 2014 - Tesoro Corporation ("Tesoro") today announced that the Board of Directors of Tesoro Logistics LP ("TLLP" or the "Partnership") has converted 15.25 million outstanding subordinated TLLP units on a one-for-one basis into common TLLP units effective May 16, 2014.  Since the issuance of the subordinated units by TLLP in the April 2011 IPO, the Partnership has grown distributions by 75% and, combined with unit price growth, has delivered to... 
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Apr 30, 2014Tesoro Corporation Reports 2014 First Quarter Results
Net income of $78 million, or $0.58 per diluted shareNet income of $95 million, or $0.71 per diluted share excluding special itemsRepurchased $100 million of shares during first quarter Declared regular quarterly dividend of $0.25 per share SAN ANTONIO - April 30, 2014 - Tesoro Corporation (NYSE:TSO) today reported first quarter 2014 net income of $78 million, or $0.58 per diluted share compared to net income of $93 million, or $0.67 per diluted share for the first quarter of 2013. ... 
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Apr 8, 2014Tesoro Corporation to Release First Quarter Earnings
SAN ANTONIO - April 8, 2014 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the first quarter 2014 after the market closes on Wednesday, April 30, 2014.  The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Thursday, May 1, 2014, at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corporation, a... 
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Mar 4, 2014Tesoro Announces Pricing of $300 Million 5.125% Senior Notes due 2024
SAN ANTONIO - March 4, 2014 - Tesoro Corporation (NYSE:TSO) ("Tesoro") announced the pricing of its $300 million 5.125% Senior Notes due 2024 (the "Notes Offering"). Subject to customary conditions, Tesoro anticipates that the offering will be completed on March 18, 2014 and intends to use the net proceeds, together with cash on hand, to fund its redemption of all of its outstanding 9.75% Senior Notes due 2019 (the "2019 Notes"). As of December 31, 2013, there was $... 
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Mar 4, 2014Tesoro Announces Intention to Offer $300 Million in Senior Notes
SAN ANTONIO - March 4, 2014 - Tesoro Corporation (NYSE:TSO) ("Tesoro") today announced that it is proposing to offer in a registered offering $300 million aggregate principal amount of senior unsecured notes due 2024 (the "Notes Offering"), subject to market conditions. Tesoro intends to use the net proceeds from the Notes Offering, together with cash on hand, to fund Tesoro's redemption of all of its outstanding 9.75% Senior Notes due 2019 (the "2019 Notes"). As of... 
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Feb 6, 2014Tesoro Upgrading Rail Car Fleet to Consist Entirely of Newer CPC-1232-Compliant Cars
SAN ANTONIO - February 6, 2014 - Tesoro Corporation (NYSE: TSO) announced today that Tesoro Refining & Marketing Company LLC (TRMC)  has proactively begun replacing older cars in its crude oil rail car fleet with post-October 2011 design, CPC 1232-compliant rail cars, after evaluating rail car safety features. Specifically, Tesoro is committing that its rail car fleet will consist entirely of the newer DOT-111 design rail cars equipped with reinforced shields and relief devices by mid-2014. Wh... 
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Feb 5, 2014Tesoro Corporation Reports 2013 Fourth Quarter and Full Year Results
Full year net income from continuing operations of $386 million, or $2.81 per diluted share excluding special items  Fourth quarter net income of $5 million, or $0.04 per diluted share excluding special items  Fourth quarter repayment of $800 million of $1.2 billion interim borrowings to purchase Southern California refining, marketing and logistics business  Repurchased $100 million of shares during fourth quarter   Declared regular quarterly dividend of $0.25 per share   SAN ANTONIO... 
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Jan 16, 2014Tesoro Corporation to Release Fourth Quarter Earnings
SAN ANTONIO - January 16, 2014 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the fourth quarter 2013 after the market closes on Wednesday, February 5, 2014.  The Company will broadcast, live, its conference call with analysts regarding fourth quarter results and other business matters on Thursday, February 6, at 7:30 a.m. CST.  Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.c... 
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Dec 6, 2013Tesoro Corporation Contributes Second Portion of Los Angeles Logistics Assets to Tesoro Logistics LP
SAN ANTONIO - December 6, 2013 - Tesoro Corporation (NYSE: TSO) and Tesoro Logistics LP (NYSE: TLLP) today announced that Tesoro Corporation ("Tesoro") has contributed the majority of the remaining Los Angeles Logistics Assets (the "Los Angeles Logistics Assets") owned by Tesoro's subsidiary, Tesoro Refining & Marketing Company LLC, to Tesoro Logistics LP ("the Partnership") for total consideration of $650 million.  Consideration for the Los Angeles Logistics Assets... 
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Nov 6, 2013Tesoro Corporation Reports Third Quarter 2013 Results
Net income of $99 million, or $0.72 per diluted share   Net income from continuing operations of $0.46 per diluted share, or $0.44 excluding special items  Closed the sale of the Hawaii refining and marketing business  Repaid $500 million of the $1.2 billion interim borrowing for the Los Angeles acquisition  Declared regular quarterly dividend of $0.25 per share   Increased approved share repurchase program to $1 billion   SAN ANTONIO - November 6, 2013 - Tesoro Corporation (NYSE:TS... 
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Oct 7, 2013Tesoro Corporation to Release Third Quarter Earnings
SAN ANTONIO - October 7, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the third quarter 2013 after the market closes on Wednesday, November 6, 2013.  The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Thursday, November 7, 2013, at 7:30 a.m. CST.  Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com. Tesoro Corpo... 
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Sep 25, 2013Tesoro Announces Close on Sale of Hawaii Operations
SAN ANTONIO - September 25, 2013 - Tesoro Corporation (NYSE: TSO) announced today that it has completed the previously announced sale of all of its interests in Tesoro Hawaii, LLC to Hawaii Pacific Energy, LLC for approximately $325 million, which includes net working capital. The transaction includes an earn-out arrangement payable over three years up to $40 million based on consolidated gross margins. Tesoro Hawaii, LLC operates the Kapolei refinery, a network of retail stations and associate... 
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Aug 1, 2013Tesoro Corporation Reports Second Quarter 2013 Results
Net income from continuing operations of $1.72 per diluted share, or $1.56 excluding special items  Closed the acquisition of BP's Southern California Refining, Marketing and Logistics Business  Announced the sale of the Hawaii business  Announced crude oil storage and marine terminal project at the Port of Vancouver, WA  Purchased an additional $100 million in Tesoro shares during the second quarter  Increased regular quarterly dividend by 25% to $0.25 per share  SAN ANTONIO - Augu... 
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Jun 28, 2013Tesoro Corporation To Release Second Quarter Earnings
SAN ANTONIO - June 28, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the second quarter 2013 after the market closes on Thursday, August 1, 2013.  The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Friday, August 2, 2013 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Tesoro Corpor... 
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Jun 27, 2013Tesoro Introduces Exxon and Mobil Brands to its Multi-Branded Retail Network
SAN ANTONIO - June 27, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it has secured the rights from ExxonMobil to use the Exxon and Mobil brands at retail stations in Northern California, Oregon, Western Washington and Nevada, marketing areas strategically aligned with the Company's West Coast operations.  Tesoro also secured the rights to use the Exxon and Mobil brands throughout Minnesota, Central/Eastern North Dakota and Northeastern South Dakota, marketing areas anchored by the C... 
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Jun 17, 2013Tesoro Corporation Announces the Sale of the Hawaii Operations
SAN ANTONIO - June 17, 2013 - Tesoro Corporation (NYSE: TSO) announced today that it has signed an agreement with a wholly owned subsidiary of Par Petroleum Corporation to sell all of its interest in Tesoro Hawaii, LLC, which operates the 94,000 barrel per day Kapolei refinery, retail stations and associated logistical assets. As part of the agreement, Par Petroleum intends to operate the assets as an integrated refining, logistics and retail system. The sales price of the Hawaii operations is ... 
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Jun 3, 2013Tesoro Corporation Closes the Purchase of BP's Southern California Refining and Marketing Business
SAN ANTONIO - June 3, 2013 - Tesoro Corporation (NYSE:TSO) announced today that the Company has closed the acquisition of BP's fully integrated Southern California Refining and Marketing business, including the 266 thousand barrel per day ("mbpd") high conversion Carson refinery and over 800 dealer operated retail stations. The purchase price for the assets was $1,075 million. Inventory at market value and other working capital totaled another $1,350 million. Additionally, Tesoro and T... 
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May 17, 2013Tesoro Corporation Receives FTC Clearance for Purchase of BP's Southern California Refining and Marketing Business
Creates world-scale integrated refining and marketing business  $1,175 million asset purchase price reduced by $100 million  First acquisition of assets by Tesoro Logistics for $640 million  Adds about $500 million in annual EBITDA  Reconfirming annual synergies of at least $250 million  $0.50 per share accretive to earnings in 2013  SAN ANTONIO - May 17, 2013 - Tesoro Corporation (NYSE:TSO) announced today that the Federal Trade Commission ("FTC") has cleared the Company'... 
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May 1, 2013Tesoro Corporation Reports First Quarter 2013 Results
Net income of $0.67 per diluted share, or $0.73 per diluted share, excluding special items  Announced unit train unloading and marine loading terminal at the Port of Vancouver, WA  Began process to cease refining operations at the Hawaii refinery  Purchased $245 million in Tesoro shares to-date, nearly 50% of authorized buyback program  SAN ANTONIO - May 1, 2013 - Tesoro Corporation (NYSE:TSO) today reported first quarter 2013 net income of $93 million, or $0.67 per diluted share compar... 
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Apr 22, 2013TESORO AND SAVAGE ANNOUNCE JOINT VENTURE TO CONSTRUCT AND OPERATE CRUDE-BY-RAIL UNLOADING AND MARINE LOADING FACILITY AT PORT OF VANCOUVER USA
*Provides substantial economic benefits to the local community *Supports energy independence by facilitating transportation of North American crude to West Coast refineries *Combines capabilities, experience and resources of partners with strong safety and environmental commitments *Advances Port of Vancouver's strategic diversification and development goals Vancouver, Wash. - April 22, 2013 - Tesoro Corporation ("Tesoro") and Savage Companies ("Savage") today announced ... 
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Apr 2, 2013Tesoro Corporation To Release First Quarter Earnings
SAN ANTONIO - April 2, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the first quarter 2013 after the market closes on Wednesday, May 1, 2013.  The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Thursday, May 2, 2013 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Tesoro Corporation... 
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Feb 6, 2013Tesoro Corporation Reports 2012 Fourth Quarter and Full Year Results
Net income of $0.19 per diluted share, or $1.34 per diluted share, excluding special items  Purchased $140 million in Tesoro shares to-date, nearly 30% of authorized buyback program  Increased the regular quarterly dividend 33% to $0.20 per share  Interim financing for BP Carson acquisition in place  Anacortes rail facility sold to Tesoro Logistics for $180 million  Agreement to acquire Chevron Northwest Products System by Tesoro Logistics   SAN ANTONIO - February 6, 2013 - Tesoro C... 
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Jan 9, 2013Tesoro Corporation To Release Fourth Quarter Earnings
SAN ANTONIO - January 9, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the fourth quarter 2012 after the market closes on Wednesday, February 6, 2013.  The Company will broadcast, live, its conference call with analysts regarding fourth quarter results and other business matters on Thursday, February 7, 2013 at 7:30 a.m. CST.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Teso... 
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Jan 8, 2013TESORO TO CONVERT HAWAII REFINERY TO AN IMPORT, STORAGE AND DISTRIBUTION TERMINAL
SAN ANTONIO, TX - January 08, 2013 - Tesoro Corporation (NYSE: TSO) today announced that it will cease refining operations at its Kapolei refinery during April of this year, and begin the process of converting the refinery to an import, storage and distribution terminal. Tesoro Hawaii is committed to maintaining its focus on safe and environmentally sound operations during the shutdown and conversion process. Tesoro Hawaii will maintain the existing distribution system to support marketing oper... 
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Dec 27, 2012TESORO ANNOUNCES ELECTION OF MARY PAT MCCARTHY TO BOARD OF DIRECTORS
SAN ANTONIO - December  27, 2012 - Tesoro Corporation (NYSE:TSO) today announced the appointment of Mary Pat McCarthy to the Company's Board of Directors, increasing the Board from nine to ten members, effective December  20, 2012. Ms. McCarthy in 2011 retired from her position as Vice Chair of KPMG LLP, the U.S. member firm of the global audit, tax and advisory services firm.  She joined KPMG LLP in 1977 and was admitted to partnership in 1987.  Ms. McCarthy held numerous senior leadership rol... 
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Dec 11, 2012Tesoro Logistics LP to Acquire Chevron Pipe Line Company's Northwest Products System
SAN ANTONIO - December 11, 2012 - Tesoro Corporation (NYSE:TSO) today announced that its affiliate, Tesoro Logistics LP (NYSE:TLLP) ("TLLP" or the "Partnership"), has executed a definitive agreement to purchase Chevron Pipe Line Company's Northwest Products System for $400 million.  The transaction is subject to regulatory approval and is expected to close during the first quarter of 2013. The Northwest Products System consists of the Northwest Product Pipeline, a 760-mile F... 
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Nov 15, 2012Tesoro Corporation Closes the Sale of the Anacortes Rail Unloading Facility to Tesoro Logistics
SAN ANTONIO - November 15, 2012 - Tesoro Corporation (NYSE:TSO)  and Tesoro Logistics LP (NYSE:TLLP) today announced that Tesoro Corporation ("Tesoro") closed the sale of the Anacortes Rail Unloading Facility owned by Tesoro's subsidiary, Tesoro Refining and Marketing Company, to Tesoro Logistics LP (the "Partnership") for total consideration of $180 million. "The sale of the Anacortes rail facility marks Tesoro's third sale of assets to the Partnership," said Greg... 
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Oct 31, 2012Tesoro Corporation Reports Third Quarter 2012 Results
Net income of $1.92 per diluted share, or $2.05 per diluted share, excluding special items  Increased the regular quarterly dividend 25% to $0.15 per share  Announced purchase of BP's integrated Southern California refining and marketing business  Sold Long Beach marine terminal and Los Angeles short-haul pipelines to TLLP for $210 million  Redeemed $299 million 6.250% Senior Notes due in 2012  Refinanced $925 million of Senior Notes  SAN ANTONIO - October 31, 2012 - Tesoro Corpora... 
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Oct 3, 2012Tesoro Corporation To Release Third Quarter Earnings
SAN ANTONIO - October 3, 2012 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the third quarter 2012 after the market closes on Wednesday, October 31, 2012.  The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Thursday, November 1, 2012 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Tesoro... 
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Sep 27, 2012Tesoro Announces Expiration of Early Tender Deadline, Exercise of Early Purchase Option and Satisfaction and Discharge of Remaining 6 5/8% Senior Notes due 2015 and 6 1/2% Senior Notes due 2017
SAN ANTONIO, September 27, 2012 - Tesoro Corporation (NYSE:TSO) ("Tesoro" or the "Company") announced today that the early tender deadline expired at 5:00 p.m., New York City time, on September 26, 2012 (the "Early Tender Deadline") for the previously announced cash tender offers (each an "Offer" and together, the "Offers") for (i) any and all of its outstanding 6 5/8% Senior Notes due 2015 (CUSIP/ISIN No. 881609AS0/US881609AS06) (the "2015 ... 
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Sep 24, 2012Tesoro Corporation Announces Redemption of 6 1/4% Senior Notes Due 2012
SAN ANTONIO - September 24, 2012 - Tesoro Corporation (NYSE:TSO) has completed the redemption of all of its outstanding $299 million 6 1/4% Senior Notes due November 2012.  On September 13, 2012, the Company priced $450 million 4 1/4% Senior Notes due 2017 and $475 million 5 3/8% Senior Notes due 2022.  Net proceeds from that offering, expected to be completed on September 27, 2012, and cash on hand will be used to fund its cash tender offers for the repurchase of any and all of its outstanding ... 
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Sep 14, 2012Tesoro Corporation Contributes Long Beach Marine Terminal and Los Angeles Short-haul Pipelines to Tesoro Logistics
SAN ANTONIO - September 14, 2012 - Tesoro Corporation (NYSE:TSO)  and Tesoro Logistics LP (NYSE:TLLP) today announced that Tesoro Corporation ("Tesoro") has contributed  the Long Beach marine terminal and Los Angeles short-haul pipelines owned by Tesoro's subsidiary, Tesoro Refining and Marketing Company, to Tesoro Logistics LP ("the Partnership") for total consideration of $210 million. "This transaction marks Tesoro's second sale of assets to the Partnership and repre... 
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Sep 13, 2012Tesoro Announces Pricing of $450 Million 4 1/4% Senior Notes due 2017 and $475 Million 5 3/8% Senior Notes due 2022
SAN ANTONIO, September 13, 2012 - Tesoro Corporation (NYSE:TSO) ("Tesoro") announced the pricing of its $450 million 4 1/4% Senior Notes due 2017 and $475 million 5 3/8% Senior Notes due 2022 (together, the "Notes Offering"). Subject to customary conditions, Tesoro anticipates that the offering will be completed on September 27, 2012 and intends to use the net proceeds together with cash on hand to fund its cash tender offers for the repurchase of any and all of its outstandi... 
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Sep 13, 2012Tesoro Corporation Announces Intention to Offer $925 Million in Senior Notes
SAN ANTONIO, September 13, 2012 - Tesoro Corporation (NYSE:TSO) ("Tesoro") today announced that it is proposing to offer in a registered offering $925 million aggregate principal amount of senior unsecured notes due 2017 and senior unsecured notes due 2022 (together, the "Notes Offering"), subject to market conditions. Tesoro intends to use the net proceeds from the Notes Offering together with cash on hand to fund Tesoro's cash tender offers for the repurchase of any and all... 
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Sep 13, 2012Tesoro Corporation Announces Cash Tender Offers and Related Consent Solicitations for Its 6 5/8% Senior Notes due 2015 and 6 1/2% Senior Notes due 2017
SAN ANTONIO, September 13, 2012 - Tesoro Corporation (NYSE:TSO) ("Tesoro") today announced that it is commencing cash tender offers (each an "Offer" and together, the "Offers") for its outstanding 6 5/8% Senior Notes due 2015 (CUSIP/ISIN No. 881609AS0/US881609AS06) (the "2015 Notes") and 6 1/2% Senior Notes due 2017 (CUSIP/ISIN No. 881609AT8/US881609AT88) (the "2017 Notes" and together with the 2015 Notes, the "Notes"). The terms of the... 
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Aug 13, 2012Tesoro Corporation to Purchase BP's Fully Integrated Southern California Refining and Marketing Business
266 thousand barrel per day (mbpd) high complexity refinery in Carson, California Fully integrated retail marketing network of about 800 dealer operated sites ARCO® brand ownership; master franchisee for ampm® brand Extensive logistics system with significant MLP value  51% ownership in a company-operated 400 megawatt cogeneration facility 350,000 metric ton per year integrated anode coke calcining operation Immediately accretive to earnings per share and EBITDA SAN ANTONIO - August 13, 2012 - T... 
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Aug 1, 2012Tesoro Corporation Reports Second Quarter 2012 Results
Net income of $2.87 per diluted share, excluding special items $500 million share repurchase program Regular quarterly dividend of $0.12 per share Intention to redeem remaining 6 1/4% senior notes due in 2012 Expect two major asset sales to Tesoro Logistics LP in the second half of 2012 SAN ANTONIO - August 1, 2012 - Tesoro Corporation (NYSE:TSO) today reported second quarter 2012 net income of $387 million, or $2.75 per diluted share compared to net income of $218 million, or $1.52... 
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Jul 3, 2012Tesoro Corporation To Release Second Quarter Earnings
SAN ANTONIO - July 3, 2012 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the second quarter 2012 after the market closes on Wednesday, August 1, 2012.  The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 2, 2012 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Tesoro Cor... 
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Jun 7, 2012TESORO COMPLETES NEGOTIATIONS AT ITS USW-REPRESENTED LOCATIONS
CONTACTS:INVESTOR RELATIONSLouie Rubiola210-626-4355 MEDIAmedia@tsocorp.com210-626-7702 SAN ANTONIO, TX - June 7, 2012 - Tesoro Corporation (NYSE:TSO) today announced the successful conclusion of contract negotiations at its Golden Eagle (Martinez, California) refinery.  Golden Eagle was the last of Tesoro's six United Steelworkers (USW) represented refineries to complete negotiations. "We are pleased this process is now complete and we can continue to deliver our capital projects on s... 
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May 2, 2012Tesoro Corporation Reports First Quarter 2012 Results
SAN ANTONIO - May 2, 2012 - Tesoro Corporation (NYSE:TSO) today reported first quarter 2012 net income of $56 million, or $0.39 per diluted share compared to net income of $107 million, or $0.74 per diluted share for the first quarter of 2011.  "We are pleased with our first quarter results, which reflect a solid operating performance and continued execution of our strategic plan," said Greg Goff, President and CEO. "We completed nearly half of our planned turnaround activity fo... 
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Apr 5, 2012Tesoro Corporation To Release First Quarter Earnings
SAN ANTONIO - April 5, 2012 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the first quarter 2012 after the market closes on Wednesday, May 2, 2012.  The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Thursday, May 3, 2012 at 7:30 a.m. CST.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. Tesoro Corporation... 
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Apr 2, 2012TESORO CORPORATION CONTRIBUTES MARTINEZ CRUDE OIL MARINE TERMINAL TO TESORO LOGISTICS
Tesoro Corporation (NYSE:TSO)  and Tesoro Logistics LP (NYSE:TLLP) today announced that Tesoro Corporation ("Tesoro") has contributed the Martinez Crude Oil Marine Terminal located in Martinez, California to Tesoro Logistics LP ("the Partnership") for total consideration of $75 million, effective April 1, 2012. "The contribution of the Martinez Crude Oil Marine Terminal marks Tesoro's first drop-down to the Partnership and demonstrates Tesoro's commitment to capturing t... 
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Feb 1, 2012Tesoro Corporation Reports 2011 Fourth Quarter and Full Year Results
SAN ANTONIO - February 1, 2012 - Tesoro Corporation (NYSE:TSO) today reported a fourth quarter 2011 net loss of $124 million, or $0.89 per diluted share compared to net income of $3 million, or $0.02 per diluted share for the fourth quarter of 2010.   For the full year 2011, the Company reported net income of $546 million, or $3.81 per diluted share, versus a net loss of $29 million, or $0.21 per diluted share for the full year 2010. "The fourth quarter was a challenging period as a result... 
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Jan 10, 2012TESORO ANNOUNCES PLAN TO SELL HAWAII OPERATIONS
CONTACTS:INVESTOR RELATIONSLouie Rubiola210-626-4355 MEDIA Tesoro Media Line210-626-7702media@tsocorp.com SAN ANTONIO, TX - January 10, 2012 - Tesoro Corporation (NYSE: TSO) today announced its plan to sell its Hawaii operations, including the 94 thousand barrel per day (mbpd) Kapolei refinery, operations at 32 retail stations and all associated logistical assets. "Following a comprehensive analysis, we've determined that our business in Hawaii does not align with our strategic fo... 
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Jan 5, 2012Tesoro Corporation Announces Fourth Quarter Update
SAN ANTONIO - January 5, 2012 - Tesoro Corporation (NYSE:TSO) today announced that the Company expects to report a net loss per diluted share in the range of $0.55 to $0.80 for the fourth quarter 2011. Contributing to the net loss was an extremely weak margin environment in California and the collapse of the West Texas Intermediate (WTI) to Brent crude oil spread. The Tesoro Index for the California region was a negative five cents per barrel for the fourth quarter, down more than $6 per barrel... 
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Dec 21, 2011TESORO ANNOUNCES APPOINTMENT OF DAVID LILLEY TO BOARD OF DIRECTORS
table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;}SAN ANTONIO - December 21, 2011 - Tesoro Corporation (NYSE:TSO) today announced the appointment of David Lilley as a new member of the Company's Board of Directors, increasing the Board from eight to nine members, effective December 20, 2011. Mr. Lilley is the former chairman, president and chief executive officer of Cytec Industries, Inc., a manufacturer of specialty chemicals and materials based in New Jersey wit... 
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Dec 5, 2011Tesoro Corporation Announces the Salt Lake City Expansion and Feedstock Advantage Project
table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;} Tesoro Corporation Announces the Salt Lake City Expansion and Feedstock Advantage ProjectSAN ANTONIO - December 5, 2011 - Tesoro Corporation (NYSE:TSO) today announced its intention to invest approximately $180 million on a capital project at the Salt Lake City, Utah refinery that will expand crude oil throughput capacity by 7%. The project allows the Company to increase throughput of transportation-advantaged bla... 
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Nov 23, 2011Tesoro Corporation Analyst and Investor Presentation on December 5, 2011
table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;} San Antonio - November 23, 2011 - Tesoro Corporation (NYSE:TSO) will host an Analyst and Investor Presentation at the New York Stock Exchange on December 5, 2011 at 2:30 p.m. ET.  A live audio webcast and accompanying presentation will be accessible via the Tesoro Investor Relations web site at http://www.tsocorp.com/Investors.  A replay of the webcast will be available within 24 hours after the conclusion of the... 
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Nov 2, 2011Tesoro Corporation Reports Third Quarter Results
Net income of $2.39 per diluted share  Refinery utilization at 92%  Announced nearly 25% increase in retail stations  Reduced total debt to total capitalization to 28%  Reduced outstanding Tesoro share count by 4.7 million shares   SAN ANTONIO - November 2, 2011 - Tesoro Corporation (NYSE:TSO) today reported third quarter 2011 net income of $345 million, or $2.39 per diluted share compared to net income of $56 million, or $0.39 per diluted share for the third quarter of 2010.   "W... 
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Oct 7, 2011DAVID KIRSHNER JOINS TESORO AS SENIOR VICE PRESIDENT, COMMERCIAL
SAN ANTONIO, TX - October 7, 2011 - Tesoro Corporation (NYSE: TSO) today announced it has appointed David Kirshner to lead its commercial business, reporting to chief executive officer Greg Goff."We're delighted to have Dave join Tesoro.  His broad experience across the marketing and refining spectrum will help us further develop and strengthen our supply, trading and optimization performance," said Goff.  "His proven abilities and strong leadership experience will help us as w... 
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Oct 4, 2011Tesoro Corporation To Release Third Quarter Earnings
SAN ANTONIO - October 4, 2011 - Tesoro Corporation (NYSE:TSO) announced today that it plans to release its earnings for the third quarter 2011 after the market closes on Wednesday, November 2, 2011.  The Company will broadcast, live, its conference call with analysts regarding third quarter results and other business matters on Thursday, November 3, 2011 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com.   Te... 
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Sep 8, 2011TESORO TO BOOST REFINING AND MARKETING INTEGRATION WITH NEARLY 25 PERCENT INCREASE IN RETAIL STATIONS
CONTACTS:INVESTOR RELATIONSLouie Rubiola210-626-4355   MEDIAMike Marcy210-626-4697   SAN ANTONIO, TX - September 8, 2011 - Tesoro Corporation (NYSE: TSO) today announced that it will add approximately 290 retail stations to its existing portfolio of nearly 1,200 stations through separate purchase and lease agreements with SUPERVALU, Inc. (NYSE: SVU) and Thrifty Oil Co., respectively.   "The combined purchase and lease of these stations strengthens our refining and marketing integrat... 
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Aug 3, 2011Tesoro Corporation Reports Second Quarter Results
Net income of $1.65 per diluted share, excluding special items $244 million of debt repurchased Project to process advantaged Bakken crude oil at the Anacortes refinery Project to improve clean product yield at Los Angeles refinery     SAN ANTONIO - August 3, 2011 - Tesoro Corporation (NYSE:TSO) today reported second quarter 2011 net income of $218 million, or $1.52 per diluted share compared to net income of $67 million, or $0.47 per diluted share for the second quarter of 2010.     T... 
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Jul 21, 2011Tesoro Releases TOP Report on 2010 Incident at Anacortes Refinery
SAN ANTONIO - July 21, 2011 - Tesoro Corporation (NYSE:TSO) today announced the release of the TOP (Triangle of Prevention) Investigation Team Report on the April 2, 2010, incident at the Anacortes Refinery in Washington State.  The incident occurred when a heat exchanger in the refinery's Naphtha Hydrotreater unit ruptured, causing an explosion and fire that fatally injured seven employees.   Investigation Process   The TOP program is a worker-led, company-supported Health and Safety Program... 
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Jul 15, 2011Tesoro Corporation Announces Plans to Supply Bakken Crude Oil from North Dakota to its Anacortes, Washington Refinery
SAN ANTONIO - July 15, 2011 - Tesoro Corporation (NYSE:TSO) today announced its intention to supply crude oil by rail from the prolific Bakken Shale/Williston Basin area in North Dakota to its refinery in Anacortes, WA.  The Company currently takes delivery of one to two thousand barrels per day of Bakken crude oil into the Washington refinery.  Upon completion of the project, which includes loading and unloading facilities and dedicated rail cars called a unit train, the Company expects to d... 
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Jul 1, 2011Tesoro Corporation To Release Second Quarter Earnings
SAN ANTONIO - July 1, 2011 - Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the second quarter 2011 after the market closes on Wednesday, August 3, 2011.   The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 4, 2011 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com.   Tesoro Corpora... 
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May 4, 2011Tesoro Corporation Reports First Quarter Results
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Apr 20, 2011Tesoro Announces Pricing of Tesoro Logistics LP Initial Public Offering
San Antonio, Texas (April 20, 2011) - Tesoro Corporation (NYSE: TSO) announced today that Tesoro Logistics LP ("Tesoro Logistics") has priced its initial public offering of 13,000,000 common units at $21.00 per unit.  The common units are expected to begin trading on the New York Stock Exchange on April 20, 2011 under the ticker symbol "TLLP."  The underwriters have the option to purchase from Tesoro Logistics up to an additional 1,950,000 common units, at the same price, ... 
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Apr 5, 2011Tesoro Corporation To Release First Quarter Earnings
SAN ANTONIO - April 5, 2011 - Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the first quarter 2011 after the market closes on Wednesday, May 4, 2011.   The Company will broadcast, live, its conference call with analysts regarding first quarter results and other business matters on Thursday, May 5, 2011 at 7:30 a.m. CDT.  Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com/. &nb... 
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Mar 21, 2011Tesoro Announces North Dakota Expansion
SAN ANTONIO - March 21, 2011 - Tesoro Corporation (NYSE:TSO) today announced that it plans to expand the crude oil throughput capacity at its Mandan, North Dakota refinery from 58,000 barrels per day (bpd) to 68,000 bpd by the second quarter of 2012, subject to permitting requirements. During the past three years, the average throughput at the refinery was approximately 52,000 bpd. Tesoro expects to supply the plant with additional crude oil from the burgeoning crude oil production in the... 
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Mar 11, 2011Tesoro monitoring all operations
SAN ANTONIO - March 11, 2011 - Tesoro Corporation (NYSE:TSO) is monitoring activities at its subsidiaries' operations as the result of tsunami wave activity from the earthquake in Japan. Initial reports are that there has been no impact to our refining operations in Hawaii and Alaska.   A few retail stations in low lying areas of Hawaii have been closed and employees evacuated as a precaution. Those stations will reopen once deemed safe following a safety assessment.   "As part of our safet... 
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Mar 9, 2011Tesoro Announces New Executive Vice President, Operations
SAN ANTONIO - March 9, 2011 - Tesoro Corporation (NYSE:TO) announced today that Dan Romasko will join Tesoro as the new Executive Vice President, Operations, effective March 21, 2011. Romasko will assume responsibility for the Refining, Marketing, Logistics and Marine organizations.   "Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company," said Tesoro President and CEO Greg Goff. "We are pleased that he will be a part of th... 
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Feb 10, 2011Tesoro Corporation Announces Election of Susan Tomasky to Board of Directors
SAN ANTONIO - Feb. 10, 2011 - Tesoro Corporation (NYSE:TSO) announced today the election of Susan Tomasky as a new member of the Board of Directors effective February 4, 2011, increasing its size from nine to ten members.   Ms. Tomasky currently serves as President of AEP Transmission, a division of American Electric Power Co, Inc.  The Columbus, OH, based company supplies electricity to over 5 million customers in 11 states, and is one of the largest power generators and distributors in the Uni... 
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Feb 2, 2011Tesoro Corporation Reports Fourth Quarter and Full Year Results
New York, U.S.A., Feb 02, 2011 (Thomson Reuters ONE via COMTEX) --SAN ANTONIO - February 2, 2011 - Tesoro Corporation (NYSE:TSO) today reported fourth quarter 2010 net income of $3 million, or $0.02 per diluted share compared to a net loss of $179 million, or $1.30 per diluted share for the fourth quarter of 2009. The 2010 quarterly results include after-tax income of $0.27 per diluted share resulting from business interruption and property damage insurance proceeds, net of costs related to... 
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Jan 4, 2011Tesoro Corporation to Release Fourth Quarter and Full Year 2010 Earnings
New York, U.S.A., Jan 04, 2011 (Thomson Reuters ONE via COMTEX) --Contact: Investors: Louie Rubiola, Director, Investor Relations, (210) 626-4355 Media: Mike Marcy, Manager, External Affairs, (210) 626-4697 Tesoro Corporation To Release Fourth Quarter and Full Year 2010 Earnings SAN ANTONIO - January 4, 2011 - Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the fourth quarter and full year 2010 after the market closes on Wednesday, February 2, ... 
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Jan 4, 2011Tesoro Logistics LP Announces Filing of Registration Statement for Initial Public Offering
New York, U.S.A., Jan 04, 2011 (Thomson Reuters ONE via COMTEX) -- Tesoro Logistics LP Announces Filing of Registration Statement for Initial Public Offering San Antonio, Texas (January 4, 2011) - Tesoro Logistics LP ("Tesoro Logistics"), a wholly owned subsidiary of Tesoro Corporation (NYSE: TSO), announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common units repr... 
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Dec 13, 2010Tesoro Announces Plans for an Initial Public Offering of its Logistics Business
New York, U.S.A., Dec 13, 2010 (Thomson Reuters ONE via COMTEX) --Contact: Investors: Louie Rubiola, Director, Investor Relations, (210) 626-4355 Media: Mike Marcy, Manager of External Affairs, (210) 626-4697 Tesoro Announces Plans for an Initial Public Offering of its Logistics Business San Antonio, TX-December 13, 2010--Tesoro Corporation (NYSE:TSO) announced today its intention to contribute a portion of its logistics assets to a Master Limited Partnership (MLP) and sell a... 
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Dec 9, 2010Tesoro Corporation Announces Election of Patrick Y. Yang to Board of Directors
New York, U.S.A., Dec 09, 2010 (Thomson Reuters ONE via COMTEX) --Contact: Investors: Louie Rubiola, Director, Investor Relations, (210) 626-4355 Media: Mike Marcy, Manager of External Affairs, (210) 626-4697 Tesoro Corporation Announces Election of Patrick Y. Yang to Board of Directors SAN ANTONIO - December 9, 2010 - Tesoro Corporation (NYSE:TSO) announced today the election of Patrick Y. Yang, Ph.D., as a new member of the Board of Directors, increasing its size from eight... 
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Nov 4, 2010Tesoro Corporation Reports Third Quarter Results; Announces Restart of Anacortes Refinery
Tesoro Corporation (NYSE:TSO) today reported third quarter 2010 net earnings of $56 million, or $0.39 per diluted share compared to net earnings of $33 million, or $0.24 per diluted share for the third quarter of 2009. The Company earned $73 million or $0.51 per diluted share for the period before one-time after-tax expenses of $17 million primarily associated with the Anacortes refinery outage. Third quarter segment operating income was $201 million excluding the one-time items, compared to $... 
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Oct 5, 2010Tesoro Corporation To Release Third Quarter 2010 Earnings
SAN ANTONIO, Oct 05, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the third quarter 2010 after the market closes on Thursday, November 4, 2010. The Company will broadcast, live, its conference call with analysts regarding third quarter 2010 results and other business matters on Friday, November 5, 2010 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the Inter... 
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Sep 10, 2010Tesoro to Present at the Barclays CEO Energy/Power Conference
SAN ANTONIO, Sep 10, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that Greg Goff, President and CEO, will present at the Barclays CEO Energy/Power Conference on Thursday, September 16, 2010 at 3:45pm (ET). Interested parties may listen to the live webcast and view the accompanying slides via Tesoro's website at www.tsocorp.com/investors. Tesoro Corporation, a Fortune 150 company, is an independent refiner and marketer o... 
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Aug 27, 2010Tesoro Expands Shell Retail Network
SAN ANTONIO, Aug 27, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that it has agreed to acquire the existing Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota, Utah and most of Idaho. The acquired contracts represent approximately 300 Shell-branded stations. Under the terms of the agreement, Tesoro may also grow the Shell brand through retail stations in these areas which are anchored by the c... 
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Jul 28, 2010Tesoro Corporation Reports Second Quarter Results
SAN ANTONIO, Jul 28, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) today reported second quarter 2010 net earnings of $67 million, or $0.47 per diluted share compared to a net loss of $45 million, or $0.33 per diluted share for the second quarter of 2009. The 2010 results include one-time net after-tax benefits of $24 million primarily related to changes to our post-retirement benefits programs. The total after-tax impact for the one-time ne... 
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Jun 25, 2010Tesoro Corporation To Release Second Quarter 2010 Earnings
SAN ANTONIO, Jun 25, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the second quarter 2010 after the market closes on Wednesday, July 28, 2010. The Company will broadcast, live, its conference call with analysts regarding second quarter 2010 results and other business matters on Thursday, July 29, 2010 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the Intern... 
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May 6, 2010Tesoro Provides Update on New CEO Arrival
SAN ANTONIO, May 06, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) previously disclosed on a Form 8-K filed with the SEC that Gregory J. Goff became President and Chief Executive Officer and a member of Tesoro's Board of Directors on May 1, 2010. As an inducement to his employment with Tesoro, Mr. Goff was granted on May 5, 2010 the following long-term incentive awards for fiscal year 2010: 118,000 stock options to purchase Tesoro common sto... 
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Apr 29, 2010Tesoro Corporation Reports First Quarter Results
SAN ANTONIO, Apr 29, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) today reported a first quarter 2010 net loss of $155 million, or $1.11 per diluted share compared to net earnings of $51 million, or $0.37 per diluted share for the first quarter of 2009. The 2010 results include an after-tax write-off of $12 million, associated with the deferral of a capital project at the Los Angeles refinery. There was an additional $7 million tax charge i... 
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Apr 14, 2010Tesoro Corporation To Release First Quarter 2010 Results
SAN ANTONIO, Apr 14, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that it will release results for the first quarter 2010 after the market closes on Thursday, April 29, 2010. The Company will broadcast, live, its conference call with analysts regarding first quarter 2010 results and other business matters on Friday, April 30, 2010 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the Internet b... 
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Apr 12, 2010Tesoro Corporation to Temporarily Curtail Anacortes Refinery Operations
SAN ANTONIO, Apr 12, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) will temporarily curtail operations at its Anacortes, Washington refinery by shutting down crude processing until treating capacity involved in the recent incident can be returned to service. Unit shutdowns will begin later this month. We plan for all Tesoro employees at the facility to continue to be employed and receive full benefits. Since the incident, the refinery has... 
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Apr 2, 2010Tesoro Anacortes Refinery Incident Update
SAN ANTONIO, Apr 02, 2010 (BUSINESS WIRE) --At approximately 12:30 a.m. Pacific time today, a fire occurred at the Tesoro Anacortes refinery. The incident was on a small section of the refinery following minor, routine maintenance. The fire was contained at around 2 a.m., has been extinguished and the unit has been shut down and isolated. Other major parts of the refinery remain in operation, but at reduced rates. It is with a sense of the most profound... 
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Apr 2, 2010Tesoro Confirms Three Deaths at Anacortes Refinery
SAN ANTONIO, Apr 02, 2010 (BUSINESS WIRE) --Tesoro (NYSE: TSO) has now confirmed three fatalities after a fire occurred at the company's Anacortes, Washington, refinery at approximately 12:30 a.m. (PT) today. Four other employees have been admitted to the hospital in Seattle for treatment. "This is a very sad time for our organization. Everyone in the Tesoro family appreciates the impact that this will have on the families involved, and we are r... 
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Apr 2, 2010Tesoro Responds to Emergency Incident at Anacortes Refinery
SAN ANTONIO, Apr 02, 2010 (BUSINESS WIRE) --A fire occurred at approximately 12:30 a.m. (PT) this morning at the Tesoro Corporation (NYSE: TSO) refinery in Anacortes, Washington. At this time, there is one confirmed fatality, four employees have been admitted into the local hospital for treatment and three employees remain unaccounted for. The fire occurred at the naphtha unit while performing maintenance work and was extinguished at around 2 a.m. local... 
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Mar 30, 2010Tesoro Announces New Chief Executive Officer
SAN ANTONIO, Mar 30, 2010 (BUSINESS WIRE) --Tesoro Corporation (NYSE:TSO) announced today that Greg Goff has been elected by the Board of Directors to be the company's new President and Chief Executive Officer effective May 1, 2010, replacing Bruce Smith in those roles. Goff, 53, formerly served as Senior Vice President, Commercial for ConocoPhillips. Smith will continue as Chairman of the Board until the company's annual meeting on June 4, at whic... 
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Mar 1, 2010Tesoro's Hawaii refinery undamaged by quake wave
Tesoro says its refinery in Hawaii was not damaged by earthquake-related water surge SAN ANTONIO (AP) -- Tesoro Corp. said its refinery in Hawaii was not damaged by the glancing tsunami wave that resulted from the earthquake in Chile. The oil refiner said late Saturday it had closed terminal operations at its Kapolei refinery, on the island of Oahu, and seven retail sites due to potential water damage. Tesoro said the retail sites will reopen and planned refining rates will resume shortly. ... 
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Feb 27, 2010Tesoro Hawaii Refinery Reports No Effect from Tsunami
SAN ANTONIO, Feb 27, 2010 (BUSINESS WIRE) -- The predicted tsunami wave that resulted from the earthquake in Chile landed on the island of Oahu early this afternoon. Tesoro's Kapolei refinery reported no damage from the wave and is in the process of raising rates back to normal. Planned rates are expected to be realized within the next 12 hours. Terminal operations remain closed until all clear signals are received from the government. Tesoro does not ant... 
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Feb 27, 2010Tesoro Hawaii Refinery Preparing for Tsunami
SAN ANTONIO, Feb 27, 2010 (BUSINESS WIRE) -- Following an 8.8 earthquake in the area of Chile, the entire Pacific basin has been placed on a tsunami alert. Current estimates are that a tsunami wave will hit the area of Hawaii at approximately 11:20 am local time. Tesoro is monitoring the situation and will take any steps deemed necessary. Tesoro maintains adequate inventories of fuels and we do not anticipate shortages but we urge all citizens to refrain ... 
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Feb 2, 2010Tesoro Corporation Reports Fourth Quarter $0.99 per Share Loss, Excluding Goodwill Impairment
SAN ANTONIO, Feb 02, 2010 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported a fourth quarter 2009 net loss of $179 million, or $1.30 per diluted share compared to net earnings of $97 million, or $0.70 per diluted share for the fourth quarter of 2008. The company's fourth quarter results include a non-cash charge of $43 million for a goodwill impairment related to the Anacortes refinery. For the full year 2009, the company reported a net loss... 
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Jan 11, 2010Tesoro Corporation To Release Fourth Quarter and Full Year 2009 Earnings
SAN ANTONIO, Jan 11, 2010 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the fourth quarter and full year 2009 after the market closes on Tuesday, February 2, 2010. The Company will broadcast, live, its conference call with analysts regarding fourth quarter and full year 2009 results and other business matters on Wednesday, February 3, 2010 at 7:30 a.m. CST. Interested parties may listen to the li... 
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Nov 9, 2009Tesoro Corporation Announces Third Quarter 2009 Results and 2010 Capital Budget
SAN ANTONIO--(BUSINESS WIRE)--Nov. 9, 2009-- Tesoro Corporation (NYSE:TSO) today reported third quarter 2009 net earnings of $33 million, or $0.24 per diluted share compared to net earnings of $259 million, or $1.86 per diluted share for the third quarter of 2008. For the nine months ended September 30, 2009, net income was $39 million, or $0.28 per diluted share, versus $181 million, or $1.30 per diluted share for the nine months ended Septem... 
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Oct 6, 2009Tesoro Provides Operational Update on Wilmington Coker
SAN ANTONIO--(BUSINESS WIRE)--Oct. 6, 2009-- Tesoro Corporation (NYSE:TSO) expects to resume operation of its coking unit at the Wilmington Refinery by the middle of October. The unit, which was the site of a fire on September 25, is expected to operate at full rates, which would allow the refinery to return to its planned production levels at that time. Tesoro Corporation, a Fortune 100 company, is an independent refiner and ... 
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Oct 5, 2009Tesoro To Report Third Quarter Earnings, Hold Analyst and Investor Presentation
SAN ANTONIO--(BUSINESS WIRE)--Oct. 5, 2009-- Tesoro Corporation (NYSE:TSO) today announced that it will release third quarter earnings before the market opens on Monday, November 9, 2009. The Company will host a conference call that afternoon at 2:30 p.m. ET to discuss quarterly results and other business matters. Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com, or via ... 
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Sep 25, 2009Tesoro Provides Update on Wilmington Refinery
SAN ANTONIO--(BUSINESS WIRE)--Sep. 25, 2009-- Tesoro Corporation (NYSE:TSO) today reported that a fire which broke out in the coking unit at Tesoro’s Wilmington refinery has been extinguished and no injuries have been reported. The cause of this incident is under investigation and the amount of damage to the affected unit is unknown at this time. Other units at the refinery are currently operating but at reduced rates. Tes... 
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Sep 25, 2009Tesoro Reports Fire at Wilmington Refinery
SAN ANTONIO--(BUSINESS WIRE)--Sep. 25, 2009-- Tesoro Corporation (NYSE:TSO) today reported that a fire occurred early this morning at the Company’s Wilmington, California refinery centered on the facility’s coker unit. No injuries have been reported, the fire is contained and the affected units are in the process of being shut down. The Company anticipates providing an update after more information has been gathered. ... 
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Aug 28, 2009Tesoro to Present at the Barclays CEO Energy/Power Conference
SAN ANTONIO--(BUSINESS WIRE)--Aug. 28, 2009-- Tesoro Corporation (NYSE:TSO) announced today that Bruce Smith, Chairman, President and CEO, will present at the Barclays CEO Energy/Power Conference on Wednesday, September 9, 2009 at 1:05pm (ET). Interested parties may listen to the live webcast and view the accompanying slides via Tesoro’s website at www.tsocorp.com/investors. Tesoro Corporation, a Fortune 100 company, is an indepe... 
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Aug 27, 2009Tesoro Announces First Oil Movement through Reversed Panama Pipeline
SAN ANTONIO, Aug 27, 2009 (BUSINESS WIRE) -- Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that the first barrels of crude oil have been shipped through the reversed 81 mile Petroterminal de Panamá (PTP) trans-Panamanian pipeline from the Atlantic Ocean side of the Isthmus to the Pacific. This reversal establishes a new conduit for the flow of crude oil from the Atlantic Basin to the Pacific and will enable Tesoro to source a broader ra... 
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Jul 29, 2009Tesoro Corporation Announces Second Quarter 2009 Results
SAN ANTONIO--(BUSINESS WIRE)--Jul. 29, 2009-- Tesoro Corporation (NYSE:TSO) today reported a second quarter 2009 net loss of $45 million, or $0.33 per diluted share compared to net earnings of $4 million, or $0.03 per diluted share for the second quarter of 2008. Second quarter segment operating income was $11 million versus $74 million in the second quarter of 2008. The variance was primarily due to lower gross margins and decreased throughpu... 
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Jun 30, 2009Tesoro Corporation To Release Second Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Jun. 30, 2009-- Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the second quarter 2009 after the market closes on Wednesday, July 29, 2009. The Company will broadcast, live, its conference call with analysts regarding second quarter 2009 results and other business matters on Thursday, July 30, 2009 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the... 
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Jun 10, 2009Tesoro Begins Move to New Headquarters
Tesoro Corporation is moving into its new, green headquarters in RidgeWood Park in north San Antonio. The 610,000 square-foot office complex is expected to earn the U.S. Green Building Council's Leadership in Energy and Environmental Design™ (LEED) Silver certification for new construction. It is only the third new project in San Antonio to be LEED certified, and it's the largest. To achieve the certification, Tesoro's new project demonstrated a commitment to sustainability by using accepted e... 
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Jun 2, 2009Tesoro Announces Pricing of $300 Million 9.75% Senior Notes
SAN ANTONIO--(BUSINESS WIRE)--Jun. 2, 2009-- Tesoro Corporation (NYSE:TSO) announced the pricing of its $300 million 9.75% senior notes due 2019. The Company anticipates that the offering will be completed on June 5, 2009 and intends to use the proceeds for general corporate purposes, including the repayment of indebtedness, capital expenditures and working capital. J.P. Morgan Securities Inc., Banc of America Securities LLC, Wachovia ... 
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Jun 2, 2009Tesoro Announces Intention to Offer $300 Million in Senior Notes
SAN ANTONIO--(BUSINESS WIRE)--Jun. 2, 2009-- Tesoro Corporation (NYSE:TSO) today announced that it is proposing to offer in a registered offering $300 million of senior unsecured notes due 2019, subject to market conditions. Net proceeds from the offering will be used for general corporate purposes, including the repayment or the refinancing of indebtedness, capital expenditures and working capital. J.P. Morgan Securitie... 
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May 15, 2009Tesoro CEO to Present at Deutsche Bank Conference
SAN ANTONIO--(BUSINESS WIRE)--May. 15, 2009-- Tesoro Corporation (“Tesoro”) (NYSE: TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Deutsche Bank Energy, Utilities and Power Conference on Wednesday, May 27, 2009 at 10:50AM Eastern. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the internet by logging o... 
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May 6, 2009Tesoro Corporation Announces First Quarter 2009 Results
SAN ANTONIO--(BUSINESS WIRE)--May. 6, 2009-- Tesoro Corporation (NYSE:TSO) today reported first quarter 2009 net earnings of $51 million, or $0.37 per diluted share compared to a net loss of $82 million, or $(0.60) per diluted share for the first quarter of 2008. The 2008 results included a $27 million after-tax benefit related to a legal settlement. First quarter segment operating income was $162 million versus a $115 million s... 
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Apr 23, 2009Tesoro Announces Executive Promotion
SAN ANTONIO--(BUSINESS WIRE)--Apr. 23, 2009-- Tesoro Corporation (“Tesoro”) (NYSE: TSO) today announced the promotion of Charles S. Parrish to Executive Vice President, General Counsel and Secretary. In his role, Mr. Parrish is responsible for all legal affairs of the Company, leading Tesoro’s Legal Department and Contract Administration function, as well as the Business Ethics and Compliance office. He joined Tesoro in 1994 an... 
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Apr 7, 2009Tesoro Corporation To Release First Quarter Earnings
SAN ANTONIO, Apr 07, 2009 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the first quarter 2009 after the market closes on Wednesday, May 6, 2009. The Company will broadcast, live, its conference call with analysts regarding first quarter 2009 results and other business matters on Thursday, May 7, 2009 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the Internet by... 
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Feb 19, 2009Tesoro Corporation Announces Fourth Quarter and Full Year 2008 Results
SAN ANTONIO--(BUSINESS WIRE)--Feb. 19, 2009-- Tesoro Corporation (NYSE:TSO) today reported fourth quarter 2008 net earnings of $97 million, or $0.70 per diluted share compared to a net loss of $40 million, or $(0.29) per diluted share for the fourth quarter of 2007. Excluding special items, Tesoro had net income of $137 million, or $0.99 per share for the 2008 fourth quarter. The 2008 fourth quarter special items include an after-tax c... 
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Jan 14, 2009Tesoro Corporation Announces Preliminary Fourth Quarter Results
Tesoro Corporation (NYSE:TSO) announced today that it expects fourth quarter 2008 earnings per share in the range of $0.60 to $0.75 per share, which includes net one-time adjustments of approximately $(0.29) per share. The one-time adjustments, using a marginal tax rate of 38%, include a $(0.41) per share after-tax accrual for doubtful accounts receivable, partially offset by an accrual reversal of $0.12 per share after-tax following a redu... 
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Dec 16, 2008Tesoro Announces Panama Pipeline Agreement
Pipeline Reversal Allows for Transportation of Crudes from East to West SAN ANTONIO, Dec 16, 2008 (BUSINESS WIRE) -- Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that it has entered into a throughput agreement that will allow the company to transport crude oil in a pipeline owned by Petroterminal de Panama (PTP). PTP has announced a project that will reverse the flow of its 81-mile trans-Panamanian pipeline. After the completion of the pro... 
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Oct 29, 2008Tesoro Corporation Announces Third Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--Oct. 29, 2008--Tesoro Corporation (NYSE:TSO) today reported third quarter 2008 net income of $259 million, or $1.86 per share. Quarterly results include a $0.29 per share after-tax gain associated with LIFO accounting and a charge of $0.06 per share after-tax for the write down and other expenses, associated with the previously announced closing of certain retail sites. Net income for the third quarter of 2007 was $47 million, or $0.34 per share. F... 
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Oct 13, 2008Tesoro Corporation Announces Third Quarter Update
SAN ANTONIO--(BUSINESS WIRE)-- Tesoro Corporation (NYSE:TSO) announced today that it expects third quarter 2008 earnings per share in the range of $1.70 to $1.90, which includes an approximately $0.29 per share after-tax LIFO benefit. The company's third quarter 2008 earnings will be reported after the market closes on Wednesday, October 29th. Earnings in the third quarter were positively impacted by: -- Light Products: Margins expanded as rack and retail prices wi... 
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Oct 1, 2008Tesoro Corporation to Release Third Quarter Results
SAN ANTONIO--(BUSINESS WIRE)-- Tesoro Corporation (NYSE:TSO) announced today that it will release earnings for the third quarter of 2008 on Wednesday evening, October 29, 2008. The Company will broadcast, live, its conference call with analysts regarding third quarter 2008 results and other business matters on Thursday, October 30, 2008 at 7:30 a.m. CDT. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.... 
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Sep 30, 2008Tesoro Requests Review of Impacts of California Ethanol Requirements for Gasoline
SAN ANTONIO--(BUSINESS WIRE)-- Tesoro Corporation (NYSE: TSO) today announced that its operating subsidiary, Tesoro Refining & Marketing Co., has filed a lawsuit against the California Air Resources Board (CARB) to prevent the implementation of a new regulation, which would essentially mandate the addition of more crop-based ethanol to gasoline in the State of California. In addition, the company is seeking a temporary injunction to stop enforcement of the rule while the lawsuit... 
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Aug 25, 2008Tesoro CEO to Present at Lehman Brothers Conference
SAN ANTONIO--(BUSINESS WIRE)--Aug. 25, 2008--Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Lehman Brothers CEO Energy/Power Conference on Tuesday, September 2, 2008 at 2:20PM Eastern. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/investors.... 
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Jul 30, 2008Tesoro Corporation Announces Second Quarter Results
SAN ANTONIO, Jul 30, 2008 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported second quarter 2008 net earnings of $4 million, or $0.03 per share. Net income for the second quarter of 2007 was $443 million, or $3.17 per share. After a marginal tax rate of 39%, unusual items in second quarter 2008 include: -- Loss of $81 million, $0.58/share in derivative positions mainly related to the long-haul crude hedge program, which was suspended in May, and -- Gain o... 
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Jul 2, 2008Tesoro Announces Second Quarter 2008 Earnings Release Date
Public Invited to Listen to Analyst Conference Call SAN ANTONIO--(BUSINESS WIRE)--July 2, 2008--Tesoro Corporation (NYSE: TSO) today announced that it will broadcast, live, its conference call with analysts regarding second quarter 2008 results at 7:30AM (CDT) on Thursday, July 31st, 2008. Interested parties may listen to the live conference call by dialing 1-888-241-0558 (international: 1-647-427-3417) or over the Internet by logging on to http://www.tsocorp.com. A repla... 
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Jun 17, 2008Tesoro Corporation Updates 2008 Goals and 2nd Quarter Guidance
SAN ANTONIO--(BUSINESS WIRE)--June 17, 2008--Tesoro Corporation (NYSE:TSO) today said it was ahead of schedule in reducing borrowings associated with its revolving credit facility as a result of improved West Cost margins and inventory reductions. Borrowings under the company's revolving credit facility on May 31, 2008 were $305 million, down from $545 million at the end of March. The Company is on schedule to realize its goal of generating $750 million to $1 billion of operating cash... 
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Jun 16, 2008Tesoro Announces Executive Promotions
SAN ANTONIO, Jun 16, 2008 (BUSINESS WIRE) -- Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that it has promoted three of its executives to Senior Vice President positions. Susan Lerette, VP, Human Resources, has been promoted to SVP, Administration, and continues to report to the EVP and Chief Administrative Officer (CAO) for Tesoro Corporation. In addition to her Human Resources and Facilities Management responsibilities, Lerette will also oversee Procurement and Aviation. ... 
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May 23, 2008Tesoro CEO to Present at Sanford C. Bernstein Conference
SAN ANTONIO, May 23, 2008 (BUSINESS WIRE) -- Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Sanford C. Bernstein Strategic Decisions Conference on Thursday, May 29, 2008 at 2:00 PM Eastern. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/investors. Te... 
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May 22, 2008Tesoro CEO to Present at Deutsche Bank Conference
SAN ANTONIO--(BUSINESS WIRE)--May 22, 2008--Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Deutsche Bank Energy & Utilities Conference on Wednesday, May 28, 2008 at 10:30 AM Eastern. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/investor... 
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May 6, 2008Tesoro Corporation Announces First Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--May 6, 2008--Tesoro Corporation (NYSE:TSO) today reported a first quarter 2008 net loss of $82 million, or $0.60 per share, which includes a pre-tax benefit of $45 million, related to a legal settlement regarding the Trans Alaska Pipeline System tariffs. Net income for the first quarter of 2007 was $116 million, or $0.84 per share. First quarter 2008 segment operating loss was $115 million, versus income of $245 million reported in the first quarter of 20... 
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May 1, 2008Tesoro Corporation Announces Change to First Quarter 2008 Earnings Release Date
SAN ANTONIO--(BUSINESS WIRE)--May 1, 2008--Tesoro Corporation (NYSE:TSO) today said that it will release earnings for the first quarter of 2008 on Tuesday evening, May 6th. The company will hold a conference call at 7:30 a.m., CDT, Wednesday, May 7th regarding first quarter 2008 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. The company is moving its previously announced rele... 
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Apr 10, 2008Tesoro Corporation Announces 1Q08 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO--(BUSINESS WIRE)--April 10, 2008--Tesoro Corporation (NYSE:TSO) at 9:30 a.m., CDT, Thursday, May 8, 2008, Tesoro will broadcast, live, its conference call with analysts regarding first quarter 2008 results. Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com A replay will be available for thirty days. To access the recording call 1-8... 
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Mar 19, 2008Tesoro Announces Management Changes
SAN ANTONIO, Texas--(BUSINESS WIRE)--March 19, 2008--Tesoro Corporation ("Tesoro") (NYSE:TSO) today announced that Bill Finnerty has been named Executive Vice President - Strategy and Asset Management. Everett Lewis has been named Executive Vice President and Chief Operating Officer, replacing Finnerty. Chuck Flagg has been named Senior Vice President - System Optimization and will focus on extracting the synergies and efficiencies from the company's seven-refinery system and it... 
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Mar 7, 2008Tesoro Corporation Terminates Rights Plan
SAN ANTONIO, Mar 07, 2008 (BUSINESS WIRE) -- The Board of Directors of Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced the termination of the Tesoro stockholder rights plan. Originally scheduled to expire on November 20, 2010, the plan was amended to accelerate the expiration date to the close of business yesterday, March 6, 2008. The plan required regular assessment by the Board, and the termination of the plan follows the Board's review consistent with that provision. Stockhold... 
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Feb 15, 2008Tesoro Names Dan Porter Senior Vice President - Refining; Bill Haywood Senior Vice President - Strategy Development and Joe McCoy Senior Vice President - Supply and Optimization
SAN ANTONIO, Feb 15, 2008 (BUSINESS WIRE) -- Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that Dan Porter has been named Senior Vice President - Refining, replacing Bill Haywood who will become Senior Vice President - Strategy Development. The changes are effective March, 1, 2008. Joe McCoy will join the company on February 18, 2008, as Senior Vice President - Supply and Optimization, replacing Porter. Porter has 29 years of energy industry experience and was managing the Man... 
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Feb 5, 2008Tesoro CEO to Present at Credit Suisse Energy Summit
SAN ANTONIO--(BUSINESS WIRE)--Feb. 5, 2008--Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Credit Suisse Energy Summit on Wednesday, February 6, 2007 at 11:05 A.M. Central Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/investors. ... 
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Feb 4, 2008Tesoro Board of Directors Elects Claude P. Moreau Senior Vice President, Marketing
SAN ANTONIO, Feb 04, 2008 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that the board of directors has elected Claude P. Moreau as Senior Vice President, Marketing. Prior to his promotion, Moreau was a Vice President, Marketing for Tesoro. The promotion was effective on January 30, 2008. Moreau reports to Tesoro's Executive Vice President and Chief Operating Officer, Bill Finnerty. "Claude has made significant contributions to our marketing department since he joined T... 
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Jan 31, 2008Tesoro Corporation Announces Fourth Quarter and Year-End Results
SAN ANTONIO--(BUSINESS WIRE)--Jan. 31, 2008--Tesoro Corporation (NYSE:TSO) today reported a net loss of $40 million, or $0.29 per share, for the fourth quarter of 2007 compared to net income of $158 million, or $1.14 per share, for the fourth quarter of 2006. In comparison to last year, weak crack spreads, higher operating expenses and poor marketing margins negatively impacted earnings at the company's West Coast refineries. The Hawaii refinery posted an $86 million pre-tax ope... 
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Jan 14, 2008Tesoro Corporation Announces First Quarter 2008 Throughput
SAN ANTONIO--(BUSINESS WIRE)--Jan. 14, 2008--Tesoro Corporation (NYSE:TSO) today announced first quarter 2008 throughput guidance by region as follows (all estimates in thousands of barrels per day, MBPD): Envelope: Guidance: Regional Capacity -- Pacific Northwest: 155 - 165 185 -- Mid-Pacific: 70 - 80 95 -- Mid-Continent: 100 - 110 115 -- California: 220 - 240 ... 
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Jan 9, 2008Tesoro Corporation Announces 4Q07 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, Jan 09, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- At 10:30 am, CST, Thursday, January 31, 2008, Tesoro will broadcast, live, its conference call with analysts regarding fourth quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to http://www.tsocorp.com. A replay will be available for ten days. To access the recording call (888)346-3949 ... 
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Dec 3, 2007Tesoro Corporation to Webcast 2007 Analyst Day Presentation
SAN ANTONIO--(BUSINESS WIRE)--Dec. 3, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) has scheduled its 2007 Analyst Day Presentation webcast for 12:30 PM Eastern Time on Wednesday, December 5th, 2007. Interested parties may listen to the live webcast over the Internet by going to the "Investors" section of www.tsocorp.com. Tesoro Corporation, a Fortune 150 Company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refi... 
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Nov 27, 2007Tesoro Corporation Responds to Tracinda's Decision to Withdraw Tender Offer
SAN ANTONIO--(BUSINESS WIRE)--Nov. 27, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) was surprised by Tracinda's decision today to withdraw its partial tender offer. Tesoro has a long-standing value creation strategy in place focused on operational excellence initiatives, system synergies, organic growth opportunities and growth by acquisition which has increased stockholder value 70% over the past year and more than 200% over the past three years. We look forward to continuing... 
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Nov 21, 2007Tesoro Corporation Neutral on Tracinda Tender Offer
Adopts Stockholder Rights Plan SAN ANTONIO--(BUSINESS WIRE)--Nov. 21, 2007--The Board of Directors of Tesoro Corporation ("Tesoro") (NYSE: TSO) today announced that it will remain neutral and will not make any recommendation to the Company's stockholders as to whether they should participate in the tender offer made by Tracinda Corporation on November 7, 2007. Tracinda's offer provides for the cash purchase of up to 21,875,000 shares of the Company's common stock (approximately ... 
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Nov 9, 2007Tesoro Chief Economist to Present at Bank of America 2007 Energy Conference
SAN ANTONIO--(BUSINESS WIRE)--Nov. 9, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) today announced that Lynn Westfall, SVP External Affairs & Chief Economist, will be a speaker at the Bank of America 2007 Energy Conference on Thursday, November 15, 2007 at 2:05 PM Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at www.tsocorp.com. Tesoro Corporat... 
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Nov 8, 2007Tesoro's Kapolei, Hawaii Refinery at Reduced Rates Following Power Outage
SAN ANTONIO--(BUSINESS WIRE)--Nov. 8, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) today announced that its 95,000-barrel-per-day Kapolei, Hawaii refinery on the island of Oahu was shut down early Sunday, Nov. 4, as a result of a power outage during a severe storm that moved through the area. The majority of the refinery's units were brought back online safely; however the Continuous Reformer Unit (CRU) did incur some damage and is currently shut down for repairs. The CRU is involve... 
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Nov 1, 2007Tesoro Corporation Announces Third Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--Nov. 1, 2007--Tesoro Corporation (NYSE:TSO) today reported net income of $47 million, or $0.34 per share in the third quarter of 2007, compared to $274 million, or $1.96 per share in the third quarter of 2006. Year-to-date net income totaled $606 million, or $4.35 per share versus $643 million, or $4.58 per share a year ago. Quarterly benchmark crack spreads in the West Coast and Pacific Northwest regions were down 28% and 34%, respectively from a y... 
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Oct 29, 2007Tesoro Corporation's Board of Directors to Review Tracinda Corporation Offer and Provide Recommendation
SAN ANTONIO--(BUSINESS WIRE)--Oct. 29, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) today confirmed that it is aware of the public announcement made by Tracinda Corporation regarding a proposed unsolicited partial tender offer to be made to Tesoro's stockholders from Tracinda to purchase up to 21,875,000 shares of Tesoro's common stock, or approximately 16% of Tesoro's outstanding shares of common stock, for $64.00 per share in cash. Tesoro's Board of Directors, consistent wit... 
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Oct 4, 2007Tesoro 3Q07 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO--(BUSINESS WIRE)--Oct. 4, 2007--Tesoro Corporation (NYSE:TSO) at 9:30 a.m., CDT, Thursday, November 1, 2007, Tesoro will broadcast, live, its conference call with analysts regarding third quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To acc... 
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Sep 27, 2007Tesoro Chief Economist to Present at Citigroup ''Ethanol on the Cob II'' Biofuels Conference
SAN ANTONIO--(BUSINESS WIRE)--Sept. 27, 2007--Tesoro Corporation (NYSE:TSO) today announced that Lynn Westfall, SVP External Affairs & Chief Economist, will be a speaker at the Citigroup "Ethanol on the Cob II" Biofuels Conference on Tuesday, October 2, 2007 at 4:10 PM Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/investors. ... 
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Sep 14, 2007Tesoro CEO to Present at Bank of America 37th Annual Investment Conference
SAN ANTONIO--(BUSINESS WIRE)--Sept. 14, 2007--Tesoro Corporation (NYSE:TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Bank of America 37th Annual Investment Conference on Wednesday, September 19, 2007 at 11:00 a.m. Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com/inv... 
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Aug 17, 2007Tesoro Teams with Meals on Wheels to Help Fuel National Fight Against Senior Hunger
Company Provides Two Cents for Every Gallon of Gasoline Sold at Tesoro Locations to Support Programs Delivering Meals to the Homebound SAN ANTONIO--(BUSINESS WIRE)--Aug. 17, 2007--Tesoro Corporation (NYSE:TSO) today announced that the company will team up with local Meals On Wheels programs to donate two cents of every gallon of gasoline sold at its more than 450 Tesoro locations during August 17-19. Tesoro is teaming with 15 local Meals on Wheels programs to help raise public a... 
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Aug 13, 2007Tesoro Names Claude P. Moreau Vice President, Marketing
SAN ANTONIO--(BUSINESS WIRE)--Aug. 13, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) today announced that Claude P. Moreau has been named Vice President, Marketing effective August 27, 2007. The lead marketing position was previously held by Dan Porter who was recently named Senior Vice President, Supply and Optimization. Moreau will report to Tesoro's Executive Vice President and Chief Operating Officer, Bill Finnerty. "We are very excited to have Claude as part of the Tesoro ... 
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Aug 7, 2007Tesoro Corporation Announces Second Quarter Results; Achieves Year-End Debt Target Early
SAN ANTONIO--(BUSINESS WIRE)--Aug. 7, 2007--Tesoro Corporation (NYSE:TSO) today reported record second quarter net income of $443 million, or $3.17 per share, compared to $326 million, or $2.33 per share in the second quarter of 2006. Year-to-date net income totaled $559 million, or $4.02 per share, which is $190 million or 51% ahead of 2006. Year-to-date refinery operating income has surpassed one billion dollars compared to $718 million in the same period last year. The impro... 
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Jul 30, 2007Tesoro Alaska Company to Position Tractor Tug Year-Round in Nikiski
KENAI, Alaska--(BUSINESS WIRE)--July 30, 2007--Tesoro Alaska Company ("Tesoro") (NYSE:TSO) today announced that to enhance safety and environmental protection it will position a tractor tug at the company's Nikiski refinery on a year-round basis. Since January of this year, Tesoro has chartered a tractor tug, the Protector, to assist tankers arriving and departing from the Tesoro dock in Nikiski. The company is currently working with Crowley Marine Services to modify a new tractor tug... 
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Jul 18, 2007Tesoro Announces $50,000 Grant to Restore North Dakota Ranchlands of President Theodore Roosevelt
MANDAN, N.D.--(BUSINESS WIRE)--July 18, 2007--Tesoro (NYSE:TSO) announced today a $50,000 grant to help restore the historic viewshed of President Theodore Roosevelt's Elkhorn Ranch. The USDA Forest Service recently acquired the largest remaining remnant of Roosevelt's North Dakota ranch still in private ownership with the support of the Friends of the Elkhorn Ranch. Friends of the Elkhorn Ranch, founded by members of the Boone and Crockett Club and the Rocky Mountain Elk Founda... 
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Jul 10, 2007REVISED: Tesoro 2Q07 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, July 10 /PRNewswire-FirstCall/ -- At 9:30 am, CDT, Tuesday, August 7, 2007, Tesoro (NYSE: TSO) will broadcast, live, its conference call with analysts regarding second quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the recording ... 
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Jul 9, 2007Tesoro Corporation 2Q07 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, Texas, July 9, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- At 9:30 am, CDT, Tuesday, August 7, 2007, Tesoro will broadcast, live, its conference call with analysts regarding first quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the r... 
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Jun 27, 2007Tesoro Holds Dedication to Celebrate Completion of Major Clean Fuel Capital Investment Project
$63 Million Distillate Desulfurization Unit (DDU) Project at Kenai Refinery will Make Company Alaska's Sole Manufacturer of Ultra Low Sulfur Diesel KENAI, Alaska--(BUSINESS WIRE)--June 27, 2007--Tesoro Alaska Company, a wholly owned subsidiary of Tesoro Corporation (NYSE:TSO) dedicated its $63 million distillate desulfurization unit (DDU) at the Kenai refinery today, making the company the sole manufacturer of ultra low sulfur diesel ULSD in Alas... 
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Jun 26, 2007Tesoro Holds Dedication to Celebrate Completion of Major Capital Investment Project
$63 Million Distillate Desulfurization Unit (DDU) Project at Kenai Refinery will Make Company Alaska's Sole In State Manufacturer of Ultra Low Sulfur Diesel --(BUSINESS WIRE)--Tesoro Corporation (NYSE:TSO): MEDIA ADVISORY - Wednesday, June 27 2:00 p.m. What: Tesoro's Kenai refinery will welcome community and business leaders to the refinery for a dedication ceremony for its new Distillate Desulfurization Unit (DDU) on W... 
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Jun 8, 2007Tesoro Board of Directors Names Dan Porter Senior Vice President, Supply and Optimization
SAN ANTONIO--(BUSINESS WIRE)--June 8, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that the board of directors has named Dan Porter Senior Vice President, Supply and Optimization. Porter reports to Tesoro's Executive Vice President and Chief Operating Officer, Bill Finnerty. Prior to his new position, Porter was Senior Vice President, Marketing. "Since joining Tesoro in 2001 when we acquired our Mandan and Salt Lake City refineries from BP/Amoco, Dan has made a... 
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Jun 8, 2007Tesoro Board of Directors Names Greg Wright EVP and Chief Administrative Officer
SAN ANTONIO--(BUSINESS WIRE)--June 8, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that the board of directors has named Greg Wright Executive Vice President and Chief Administrative Officer. Wright reports to Tesoro Chairman, President and Chief Executive Officer Bruce A. Smith. Prior to his new role, Wright held the position of Chief Financial Officer since 2000. Otto Schwethelm, Vice President, Finance and Treasurer, has been named Tesoro's Chief Financial O... 
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Jun 8, 2007Tesoro Board of Directors Elects Otto C. Schwethelm VP, Chief Financial Officer
SAN ANTONIO--(BUSINESS WIRE)--June 8, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that the board of directors has elected Otto C. Schwethelm Vice President, Chief Financial Officer. He will report to Greg Wright, Tesoro Executive Vice President and Chief Administrative Officer. Prior to his new role, Schwethelm held the position of Vice President, Finance and Treasurer. "Over the past few years, we have focused on developing our people to ensure we are positio... 
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Jun 8, 2007Tesoro Board of Directors Names Phillip Anderson Vice President and Treasurer
SAN ANTONIO--(BUSINESS WIRE)--June 8, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that the board of directors has named Phillip Anderson Vice President and Treasurer. Anderson reports to Otto Schwethelm, Tesoro's newly appointed Chief Financial Officer. Prior to his promotion, Anderson was Director, Finance and Treasury. "Phil has held various positions within Tesoro including roles in investor relations, strategy, business development and supply and optimizat... 
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May 29, 2007Tesoro Closes Offering Of $500 Million 6 1/2% Senior Notes Due 2017
SAN ANTONIO--(BUSINESS WIRE)--May 29, 2007--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today the closing of its offering of $500 million in aggregate principal amount of its 6 1/2% Senior Notes due 2017 issued pursuant to a private placement and expected to be resold by the initial purchasers under Rule 144A and Regulation S under the Securities Act of 1933. The Notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States ... 
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May 23, 2007Tesoro Corporation Announces Pricing of $500 Million 6.50% Senior Notes
SAN ANTONIO--(BUSINESS WIRE)--May 23, 2007--Tesoro Corporation (NYSE:TSO) today announced that it has finalized the terms of its previously announced senior notes offering. The Company will issue $500 million in principal amount of 6.50% Senior Notes due 2017. The notes are unsecured. The Company anticipates that consummation of the offering will occur on May 29, 2007 and intends to use the proceeds from the offering, together with cash on hand, to repay borrowings under the Company's... 
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May 22, 2007Tesoro Corporation Announces Intention to Offer $500 Million in Senior Notes
SAN ANTONIO--(BUSINESS WIRE)--May 22, 2007--Tesoro Corporation (the "Company") (NYSE:TSO) today announced that it intends to offer, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, $500 million in principal amount of senior notes due 2017. The Company intends to use the proceeds from the offering, together with cash on hand, to repay borrowings under the Company's $700 million 364-day term loan. The 364-day term loan was used to finance, in part, the acquisitio... 
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May 11, 2007Tesoro Corporation Completes Shell Los Angeles Refinery Acquisition
SAN ANTONIO--(BUSINESS WIRE)--May 11, 2007--Tesoro Corporation (NYSE:TSO) announced today that it has completed the purchase of Shell's 100,000 barrel per day Los Angeles refinery and 278 operating stations. All 278 retail sites will remain Shell branded and will be supplied by Tesoro. Tesoro assumes operational control of the refinery and will begin to takeover responsibility for the operations of the retail locations on Friday, May 11th. The total purchase price is $1.76 billi... 
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May 3, 2007Tesoro Corporation Announces Record First Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--May 3, 2007--Tesoro Corporation (NYSE:TSO) today reported record first quarter net income of $116 million, or $1.67 per share, compared to $43 million, or $0.61 per share in the first quarter of 2006. In addition, the Board of Directors approved on Tuesday, May 1st, a two-for-one stock split and a doubling of the quarterly cash dividend. Refining operating income for the quarter was $256 million, representing significant year-over-year income improv... 
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May 1, 2007CORRECTING and REPLACING Tesoro Corporation Announces Two for One Stock Split and 100% Dividend Increase
SAN ANTONIO--(BUSINESS WIRE)--May 1, 2007--In BW6251 issued May 1, 2007: 2nd graph, last sentence of release should read: The quarterly dividend is payable on June 15, 2007 to shareholders of record at the close of business on June 5, 2007 (sted The quarterly dividend is payable on June 15, 2007 to shareholders of record at the close of business on June 1, 2007). The corrected release reads: TESORO CORPORATION ANNOUNCES TWO FOR ONE STOCK SPLIT AND 100% ... 
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May 1, 2007Tesoro Corporation Announces Two for One Stock Split and 100% Dividend Increase
SAN ANTONIO, May 01, 2007 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported the Board of Directors has approved a two-for-one stock split, payable by means of a stock dividend on the Company's common stock. The stock split is for shareholders of record as of May 14, 2007, and shares will be distributed on or about May 29, 2007. Holders of record of the Company's common stock on the record date will receive one additional share of common stock for each share of common stock th... 
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May 1, 2007Tesoro Corporation Completes USA Petroleum Acquisition
SAN ANTONIO--(BUSINESS WIRE)--May 1, 2007--Tesoro Corporation (NYSE:TSO) announced today that it has completed the purchase of the USA Gasoline brand and 138 operating stations from USA Petroleum Corporation. Tesoro assumes operational control of the retail assets effective today. The company used cash on hand to fund the $273 million purchase price which includes an estimate of $6.5 million for inventories. The 138 operating retail stations include 130 stations in Califo... 
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Apr 3, 2007Tesoro Corporation 1Q 07 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, Texas, April 3 /PRNewswire-FirstCall/ -- At 9:30 am, CDT, Thursday, May 3, 2007, Tesoro will broadcast, live, its conference call with analysts regarding first quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the recording call (8... 
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Mar 7, 2007Tesoro Corporation Updates Golden Eagle Refinery Maintenance
SAN ANTONIO--(BUSINESS WIRE)--March 7, 2007--Tesoro Corporation (NYSE:TSO) today reported that the full production of the Golden Eagle refinery's Fluid Catalytic Cracker (FCC) and additional units was delayed following an upset during restart. The unit was restarted on February 26th, but subsequent mechanical circulation failure required the unit be taken back offline on March 3rd. The planned maintenance will now be extended to on or about March 16, 2007. Throughput for the refinery ... 
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Mar 5, 2007Tesoro Elects J.W. Nokes to Board of Directors
SAN ANTONIO--(BUSINESS WIRE)--March 5, 2007--Tesoro Corporation (NYSE:TSO) announced that J.W. (Jim) Nokes has been elected to serve as the eleventh member of its Board of Directors. "The Board of Directors and our management team believe the knowledge and global experience that Jim has obtained over his 36 years in the oil industry will benefit our shareholders as we continue to evaluate ways to add value," said Bruce Smith, Chairman, President and CEO of Tesoro Corporation. ... 
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Jan 29, 2007Tesoro Corporation Announces Agreements to Purchase Shell's Los Angeles Refinery and Approximately 250 Southern California Retail Sites
Assets Complement Tesoro's Existing Operations SAN ANTONIO--(BUSINESS WIRE)--Jan. 29, 2007--Tesoro Corporation (NYSE:TSO) announced today that the Board has approved agreements for the company to purchase the Los Angeles refinery (Wilmington), Wilmington Products Terminal, and approximately 250 Southern California Shell-branded retail sites from Shell Oil Products US. The purchase price of Shell's assets will be $1,630 million, plus the value of petroleum inventory at the time o... 
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Jan 29, 2007Tesoro Corporation Announces Agreement to Purchase 140 Retail Sites and Other Related Assets from USA Petroleum
Acquisition Preserves Strong Independent Market in California SAN ANTONIO--(BUSINESS WIRE)--Jan. 29, 2007--Tesoro Corporation (NYSE: TSO) announced today that its Board of Directors has approved an agreement for the company to purchase 140 USA Petroleum retail sites located primarily in California, a terminal located in New Mexico and select sites in other states. The purchase price of the assets and the USA brand is $277 million, plus the value of inventory at the time of c... 
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Jan 29, 2007Tesoro Corporation Announces 129% Increase in Fourth Quarter Earnings and Record 2006 Full Year Results
SAN ANTONIO, Jan 29, 2007 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported record 2006 fourth quarter net income of $158 million, or $2.28 per share, and full year 2006 net income of $801 million, or $11.46 per share. Earnings for 2006 were almost $300 million ahead of last year. Quarterly gross refining margin rose 16% compared to 2005 more than offsetting the lower throughput primarily caused by a turnaround at the Anacortes refinery. Quarterly refining operating income of... 
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Jan 22, 2007Tesoro Corporation Announces Date Change to Fourth Quarter 2006 Earnings Announcement
SAN ANTONIO--(BUSINESS WIRE)--Jan. 22, 2007--Tesoro Corporation (NYSE:TSO) today announces that it will release the fourth quarter 2006 earnings on Monday, January 29, 2007 and will hold it's conference call with Analysts at 10:00 am Eastern Time and not on Thursday, February 1, 2007 as previously stated. Public Invited to Listen to Analyst Conference Call via Internet Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Int... 
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Jan 5, 2007Tesoro Announces 4Q06 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO--(BUSINESS WIRE)--Jan. 5, 2007--At 12:00 pm, CST, Tuesday, February 1, 2007, Tesoro (NYSE:TSO) will broadcast, live, its conference call with analysts regarding fourth quarter 2007 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the recording c... 
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Dec 18, 2006Tesoro Names Arlen Glenewinkel Jr. Vice President and Controller
SAN ANTONIO--(BUSINESS WIRE)--Dec. 18, 2006--Tesoro Corporation (NYSE:TSO) announced today that the board of directors has elected Arlen Glenewinkel Jr. Vice President and Controller. Prior to his new position, Glenewinkel was Vice President, Enterprise Risk. The new appointment is effective immediately. "We continue to focus on employee development with the goal of improving the overall strength and scope of our management team. For the past 26 years, Arlen has done an outstand... 
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Dec 11, 2006Tesoro Corporation Announces Voluntary Withdrawal from NYSE Arca
SAN ANTONIO--(BUSINESS WIRE)--Dec. 11, 2006--Tesoro Corporation (NYSE:TSO) today announced that it plans to voluntarily withdraw its securities from listing on NYSE Arca, Inc., formerly the Pacific Exchange. Our securities will continue to be listed on the New York Stock Exchange. The decision to voluntarily withdraw listing from NYSE Arca, Inc. was made to eliminate duplicative administrative requirements inherent with dual listings as a result of the NYSE Group's recent merger... 
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Nov 2, 2006Tesoro Corporation Announces Record Third Quarter Earnings and Throughput
SAN ANTONIO--(BUSINESS WIRE)--Nov. 2, 2006--Tesoro Corporation (NYSE:TSO) today reported third quarter net income of $274 million, or $3.92 per share, as compared to $226 million, or $3.20 per share, for the third quarter of last year. Results for the third quarter include an after-tax charge of $17 million, or $0.24 per share, related to the termination of the Anacortes coker project. Excluding this charge, earnings for the quarter were $4.16 per share. For the first nine months of 2... 
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Oct 19, 2006Tesoro Corporation Extends Exchange Offers
SAN ANTONIO--(BUSINESS WIRE)--Oct. 19, 2006--Tesoro Corporation (NYSE:TSO) announced today it has extended the expiration date with respect to its previously announced offers to exchange (i) its 6 1/4% Senior Notes due 2012 that have been registered under the Securities Act of 1933 for any and all of its outstanding 6 1/4% Senior Notes due 2012 and (ii) its 6 5/8% Senior Notes due 2015 that have been registered under the Securities Act of 1933 for any and all of its outstanding 6 5/8%... 
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Oct 19, 2006Tesoro Hawaii's Kapolei Refinery Resumes Gasoline, Diesel and Jet Fuel Production
KAPOLEI, Hawaii--(BUSINESS WIRE)--Oct. 19, 2006--Tesoro Hawaii (NYSE:TSO) today announced that its Kapolei Refinery, located approximately 22 miles west of Honolulu, has resumed production of gasoline, diesel and jet fuel. The company is working to have the refinery back at full production over the weekend, assuming no start-up complications materialize. Tesoro's Kapolei Refinery shut down early Sunday morning when it experienced a loss of power resulting from an earthquake that... 
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Oct 16, 2006Tesoro Hawaii's Kapolei Refinery Experiences Emergency Shutdown Due to Earthquake
KAPOLEI, Hawaii--(BUSINESS WIRE)--Oct. 16, 2006--Tesoro Hawaii (NYSE:TSO) today announced that its Kapolei Refinery, located approximately 22 miles west of Honolulu, shut down early Sunday morning when it experienced a loss of power resulting from an earthquake that hit near the Big Island of Hawaii. At approximately 6 p.m. local time on Sunday, power was restored to the Kapolei Refinery. The refinery is currently undergoing safety assessments and will begin to bring various uni... 
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Oct 13, 2006Tesoro Corporation 3Q06 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, Oct. 13 /PRNewswire-FirstCall/ -- At 3:00 p.m., CST, Thursday, November 2, 2006, Tesoro (NYSE: TSO) will broadcast, live, its conference call with analysts regarding third quarter 2006 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the recordi... 
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Aug 18, 2006Tesoro Corporation Announces Plans to Build New Corporate Headquarters Campus in New ''Class A,'' Master-Planned Office Park by Patrinely Group; Office Park to Create New San Antonio Benchmark
SAN ANTONIO, Aug 18, 2006 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that it will construct a new corporate headquarters campus in San Antonio. The campus will be located in a new "Class A," master-planned office park being developed by Patrinely Group of Houston, at the intersection of Highway 281 North and Redland Road, north of Loop 1604. "Tesoro has more than doubled in size since we moved to our current office location in 1999. The new corporate headquarters camp... 
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Aug 7, 2006Tesoro Crude Supply Not Impacted Over Near Term; Company's Alaska Refinery Unaffected by BP Pipeline Shutdown
SAN ANTONIO, Aug 07, 2006 (BUSINESS WIRE) -- Tesoro (NYSE:TSO) today stated that its current operations are not impacted by the BP pipeline shutdown since only 10 percent of its total crude supply comes from Alaska's Prudhoe Bay. In addition to other Alaskan crude sources such as Cook Inlet and Alpine field, Tesoro has multiple foreign sources to meet its crude supply requirements. For the next 30 to 45 days, Tesoro has a secure crude supply for its two refineries, Golden Eagle in Martine... 
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Aug 3, 2006Solid Operational Performance and Optimization of Assets Drives Tesoro Corporation's Record Earnings
SAN ANTONIO--(BUSINESS WIRE)--Aug. 3, 2006--Tesoro Corporation (NYSE:TSO) today reported net earnings of $326 million, or $4.66 per share, for the second quarter of 2006 compared to net earnings of $184 million, or $2.62 per share, for the second quarter of 2005. "The second quarter demonstrates the tangible contributions driven by an effective organizational structure and talented people. Our operations are managed by employees who are focused on safety, crude flexibility, reli... 
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Jul 24, 2006Tesoro Elects John F. Bookout III to Board of Directors
SAN ANTONIO--(BUSINESS WIRE)--July 24, 2006--Tesoro Corporation (NYSE:TSO) announced that John F. Bookout III has been elected to its Board of Directors. Bookout will be the 10th member of Tesoro's board. "The Board of Directors and our management team believe John's extensive global energy experience will add value to the Company's strategic and tactical decision making process. His election also furthers our goal of adding broad experience and independence to our board," said ... 
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Jul 18, 2006Tesoro Corporation 2Q06 Earnings Release Conference Call
Public Invited to Listen to Analyst Conference Call via Internet SAN ANTONIO, July 18 /PRNewswire-FirstCall/ -- At 3:00 p.m., CT, Thursday, August 3, 2006, Tesoro (NYSE: TSO) will broadcast, live, its conference call with analysts regarding second quarter 2006 results. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com. A replay will be available for ten days. To access the recordin... 
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Jul 10, 2006Tesoro Corporation Provides Update on Capital Spending
SAN ANTONIO--(BUSINESS WIRE)--July 10, 2006--Tesoro Corporation (NYSE:TSO) announced today it will no longer proceed with the coker project at its Anacortes, Washington refinery due to the significant cost increases from original estimates. The proposed 25,000 barrel a day coker, capable of processing heavier crude oil, was originally estimated to cost $250 million and to begin production in the fourth quarter of 2007. However, the Company said it will continue as planned with u... 
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May 31, 2006Tesoro Teams with Meals on Wheels to Help Fuel National Fight Against Senior Hunger; Company Provides Two Cents for Every Gallon of Gasoline Sold at Tesoro Locations to Support Programs Delivering Meals to the Homebound
SAN ANTONIO--(BUSINESS WIRE)--May 31, 2006--Tesoro Corporation (NYSE:TSO) today announced that the company will team with the Meals On Wheels Association of America Foundation (MOWAAF) and will donate two cents of every gallon of gasoline sold at its nearly 475 Tesoro and Mirastar locations during June 23-25. MOWAAF's mission is to raise public awareness about the issue of senior hunger in America and to provide funding to local Meals On Wheels programs so they can serve homebound sen... 
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May 5, 2006ADDING MULTIMEDIA Tesoro Board of Directors Elects Charles S. Parrish as Senior Vice President, General Counsel and Secretary and Lynn D. Westfall as Senior Vice President, Chief Economist
SAN ANTONIO, May 05, 2006 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that the board of directors has elected Charles S. Parrish as Senior Vice President, General Counsel and Secretary and Lynn D. Westfall as Senior Vice President, Chief Economist. Prior to the promotions, both were Vice Presidents at the company. The new promotions were effective on May 3, 2006. "We are pleased to announce the promotions of Chuck and Lynn to the senior executive level. Their hard wor... 
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May 5, 2006Tesoro Signs Definitive Agreement to Acquire Kauai Petroleum Co., Ltd
SAN ANTONIO--(BUSINESS WIRE)--May 5, 2006--Tesoro Corporation (NYSE:TSO) today announced that it has signed a definitive agreement with Kauai Petroleum Co., Ltd, a privately-held company based in Kauai, Hawaii, to purchase its four company-owned retail locations, a product terminal at Nawiliwili, and trucking assets that support product delivery to retail locations on the Island of Kauai. "This acquisition reflects our continued interest in expanding our operations where we have... 
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May 4, 2006Tesoro Elects Rodney Frank Chase to Board of Directors
SAN ANTONIO--(BUSINESS WIRE)--May 4, 2006--Tesoro Corporation (NYSE:TSO) announced today that it has elected Rodney Frank Chase to its Board of Directors. Chase will be joining as the ninth member of Tesoro's board. "The Board of Directors and our management team are very fortunate to have an individual with Rodney's industry and financial experience and expertise on our board," said Bruce Smith, Chairman, President and CEO of Tesoro Corporation. Chase spent his entire 39... 
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May 4, 2006Tesoro Board of Directors Elects Charles S. Parrish as Senior Vice President, General Counsel and Secretary and Lynn D. Westfall as Senior Vice President, Chief Economist
SAN ANTONIO--(BUSINESS WIRE)--May 4, 2006--Tesoro Corporation (NYSE:TSO) announced today that the board of directors has elected Charles S. Parrish as Senior Vice President, General Counsel and Secretary and Lynn D. Westfall as Senior Vice President, Chief Economist. Prior to the promotions, both were Vice Presidents at the company. The new promotions were effective on May 3, 2006. "We are pleased to announce the promotions of Chuck and Lynn to the senior executive level. Their ... 
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May 4, 2006Tesoro Corporation Announces First Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--May 4, 2006--Tesoro Corporation (NYSE:TSO) today reported net earnings of $43 million, or $0.61 per share for the first quarter of 2006 up 54% from net earnings of $28 million, or $0.40 per share for the first quarter of 2005. Results for the first quarter 2006 included after-tax charges of $4 million, or $0.06 per share, primarily relating to the previously announced sale of 13 retail sites in western Washington. "Tesoro's first quarter earni... 
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Apr 21, 2006MYOB, LLC to Purchase 13 Tesoro Retail Sites in Washington
SAN ANTONIO--(BUSINESS WIRE)--April 21, 2006--Tesoro (NYSE:TSO) today announced that it has signed an agreement with MYOB LLC to purchase 13 Tesoro retail sites in western Washington. MYOB LLC, based in Carlsbad, Calif., is an independent marketer with 68 existing retail locations in three states including 25 in the state of Washington. The agreement calls for MYOB to acquire six of our locations and lease or sub-lease the remaining seven. Three of the locations nearest Tesoro's Anaco... 
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Apr 12, 2006Tesoro Corporation Provides First Quarter Earnings Guidance
SAN ANTONIO--(BUSINESS WIRE)--April 12, 2006--Tesoro Corporation (NYSE:TSO) announced today that it expects to earn approximately $0.60 per share for the first quarter of 2006. Principal among several items that negatively impacted results was the rapid rise of crude oil prices on the NYMEX during the last 10 days of the quarter. The over $6 per barrel increase impacted the Company's hedge position on approximately 2.5 million barrels of long-haul crude oil and long-term blendstock su... 
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Apr 10, 2006Tesoro Corporation to Webcast First Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--April 10, 2006--Tesoro Corporation (NYSE:TSO) has scheduled its first quarter 2006 earnings conference call for 3:00 p.m., CST, Thursday, May 4, 2006. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's web site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's web site until its next earnings conference call is held. ... 
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Apr 3, 2006Tesoro Announces Support of The Children's Museum of Utah Reaction Time Program; Hands-on Chemistry Program Promotes Scientific Literacy Among Fifth-Grade Students
SAN ANTONIO, Apr 03, 2006 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced today that the company will support Reaction Time, a school outreach program developed by The Children's Museum of Utah and funded in part by the State of Utah's Office of Education to promote scientific literacy among fifth-grade students. Reaction Time is a hands-on science program in which students experience what happens when various "every day" household products are combined. The lively presentation... 
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Mar 8, 2006Tesoro Board of Directors Elects Vice President, Finance and Treasurer and Vice President and Controller
SAN ANTONIO--(BUSINESS WIRE)--March 8, 2006--Tesoro Corporation (NYSE:TSO) announced today that the board of directors has elected Otto C. Schwethelm as Vice President, Finance and Treasurer and G. Scott Spendlove as Vice President and Controller. Prior to their new assignments, Spendlove held the position of Vice President, Finance and Treasurer and Schwethelm held the position of Vice President and Controller. The new appointments were effective on March 8, 2006 after the fil... 
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Feb 2, 2006UPDATE: Tesoro Reports Approximately Five Barrels Released When Tanker Struck by Ice Floe in Alaska
KENAI, Alaska--(BUSINESS WIRE)--Feb. 2, 2006--Tesoro Corporation, (NYSE:TSO): At 5:25 a.m. local time today, the time chartered (leased) vessel Seabulk Pride, a 1998 built double hull tanker, was loading product at the Tesoro dock in Nikiski when it was struck by an ice floe and broke away from the dock. Approximately five barrels (210 gallons) of heavy vacuum gas oil (HVGO) and unleaded gasoline were released -- three barrels onto the vessel deck and potentially two barrels int... 
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Feb 2, 2006Tesoro Time-Chartered Vessel Struck by Ice Floe; Unified Command System Activated
KENAI, Alaska--(BUSINESS WIRE)--Feb. 2, 2006--Tesoro Corporation, (NYSE:TSO): At approximately 5:25 a.m. local time today, the time chartered (leased) vessel Seabulk Pride, a 1998 built double hull tanker, was struck by an ice floe and broke away from the Tesoro dock in Nikiski. At the time, the Seabulk Pride was loading heavy vacuum gas oil (HVGO) and unleaded gasoline. Some product was released during this incident. No injuries were reported by the ship or the dock. At ... 
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Feb 2, 2006Tesoro Corporation Reports Record 2005 Fourth Quarter and Full Year Results, Declares Quarterly Cash Dividend
SAN ANTONIO, Feb 02, 2006 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported record 2005 fourth quarter net earnings of $69 million, or $0.97 per share compared to breakeven results for the fourth quarter of 2004. Results for the 2005 fourth quarter included special after-tax charges of $57 million, or $0.81 per share, for tender and call premiums and the write-off of unamortized debt issuance costs associated with the company's refinancing of almost $1 billion of debt. Exclu... 
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Jan 11, 2006Tesoro Corporation to Webcast Fourth Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Jan. 11, 2006--Tesoro Corporation (NYSE:TSO) has scheduled its fourth quarter 2005 earnings conference call for 3:30 p.m., CST, Thursday, February 2, 2006. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's web site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's web site until its next earnings conference call is held.... 
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Dec 16, 2005Tesoro Completes Redemption of 9 5/8% Senior Subordinated Notes Due 2008
SAN ANTONIO--(BUSINESS WIRE)--Dec. 16, 2005--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today the completion of its previously announced redemption of all of its outstanding 9 5/8% Senior Subordinated Notes due 2008 (the "2008 Subordinated Notes"). The 2008 Subordinated Notes were redeemed in accordance with the terms of such notes at the redemption price of 104.813% of the principal amount plus unpaid and accrued interest to the date of redemption, December 16, 2005. The tota... 
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Nov 30, 2005Tesoro Announces Expiration of Tender Offers and Consent Solicitations For Outstanding Notes
SAN ANTONIO--(BUSINESS WIRE)--Nov. 30, 2005--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today the expiration of its previously announced cash tender offers and consent solicitations for its $211 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2008 (the "2008 Subordinated Notes"), $429 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2012 (the "2012 Subordinated Notes") and $375 million principal amount outstanding of 8% ... 
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Nov 22, 2005Tesoro's Kenai Refinery to Produce Cleaner Diesel for Alaska; Tesoro and Flint Hills Resources Alaska to Supply State with Ultra-Low Sulfur Diesel
SAN ANTONIO, Nov 22, 2005 (BUSINESS WIRE) -- In demonstrating its ongoing commitment to produce and provide cleaner fuels and products of convenience for Alaskan consumers, Tesoro Corporation (NYSE:TSO) is investing $45 million over the next three years to construct a Distillate Desulfurization Unit (DDU) at its Kenai Refinery. In association with the DDU project, Tesoro's wholly owned subsidiary, Tesoro Alaska, today announced that it has entered into a five-year agreement to supply gasol... 
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Nov 16, 2005Tesoro Closes Offering Of $450 Million 6 1/4% Senior Notes Due 2012 And $450 Million 6 5/8% Senior Notes Due 2015
SAN ANTONIO--(BUSINESS WIRE)--Nov. 16, 2005--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today the closing of its offering of $450 million in aggregate principal amount of its 6 1/4% Senior Notes due 2012 and $450 million in aggregate principal amount of its 6 5/8% Senior Notes due 2015, each issued pursuant to a private placement and expected to be resold by the initial purchasers under Rule 144A and Regulation S under the Securities Act of 1933. Neither the 6 1/4% Senior Note... 
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Nov 16, 2005Tesoro Announces Receipt of Requisite Consents For Tender Offers and Consent Solicitations For Outstanding Notes
SAN ANTONIO--(BUSINESS WIRE)--Nov. 16, 2005--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that, in connection with the previously announced cash tender offers and consent solicitations for its $211 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2008 (the "2008 Subordinated Notes"), $429 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2012 (the "2012 Subordinated Notes") and $375 million principal amount outstanding... 
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Nov 14, 2005Tesoro Announces Pricing of Tender Offers and Consent Solicitations for Outstanding Notes
SAN ANTONIO--(BUSINESS WIRE)--Nov. 14, 2005--Tesoro Corporation ("Tesoro") (NYSE:TSO) announced today that it has determined the consideration to be paid in connection with the previously announced cash tender offers and consent solicitations for its $211 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2008 (the "2008 Subordinated Notes"), $429 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2012 (the "2012 Subordinated Notes")... 
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Nov 8, 2005Tesoro Corporation Announces Pricing of Senior Notes
SAN ANTONIO, Nov 08, 2005 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today announced that it has finalized the terms of its previously announced senior notes offering. The Company will issue $450 million in principal amount of 6 1/4% Senior Notes due 2012 and $450 million in principal amount of 6 5/8% Senior Notes due 2015. Both series are unsecured. The Company anticipates that consummation of the offering will occur on November 16, 2005 and intends to use the proceeds from the offe... 
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Nov 3, 2005Tesoro Corporation Announces Intention to Offer $900 Million in Senior Notes
SAN ANTONIO--(BUSINESS WIRE)--Nov. 3, 2005--Tesoro Corporation (NYSE:TSO) today announced that it intends to offer, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, $900 million in principal amount of senior notes due 2012 and 2015. The Company intends to use the proceeds from the offering, together with cash on hand, to repurchase the Company's outstanding 9 5/8% Senior Subordinated Notes due 2008, 9 5/8% Senior Subordinated Notes due 2012 and 8% Senior Secure... 
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Nov 3, 2005Tesoro Reports Record Third Quarter Earnings and Throughput, Approves 2006 Capital Plan, Declares Increased Quarterly Cash Dividend, Announces Share Repurchase Plan
SAN ANTONIO--(BUSINESS WIRE)--Nov. 3, 2005--Tesoro Corporation (NYSE:TSO) today reported record throughput of 559,000 barrels per day for the third quarter. "Our employees and shareholders should be very proud of this accomplishment since it enabled us to take advantage of a strong margin environment," said Bruce A. Smith, Chairman, President and CEO of Tesoro. For third quarter 2005, the company reported net earnings of $226 million, or $3.20 per share, compared to net earnings... 
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Oct 31, 2005Tesoro Commences Tender Offer And Consent Solicitation For Outstanding Notes
SAN ANTONIO--(BUSINESS WIRE)--Oct. 31, 2005--Tesoro Corporation (NYSE:TSO) today commenced tender offers for any and all of its $211 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2008 (the "9 5/8% Notes due 2008"), $429 million principal amount outstanding of 9 5/8% Senior Subordinated Notes due 2012 (the "9 5/8% Notes due 2012") and $375 million principal amount outstanding of 8% Senior Secured Notes due 2008 (the "8% Notes" and together the "Notes"). I... 
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Oct 12, 2005Tesoro Corporation to Webcast Third Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Oct. 12, 2005--Tesoro Corporation (NYSE:TSO) has scheduled its third quarter 2005 earnings conference call for 2:00 p.m., CST, Thursday, November 3, 2005. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's web site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's web site until its next earnings conference call is held. ... 
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Aug 30, 2005Tesoro CEO to Present at Lehman Brothers 2005 Energy Conference
SAN ANTONIO--(BUSINESS WIRE)--Aug. 30, 2005--Tesoro Corporation (NYSE:TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Lehman Brothers 2005 CEO Energy / Power Conference on Thursday, September 8, 2005 at 7:45 a.m. Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com and clicki... 
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Aug 4, 2005Tesoro Reports Second Quarter Earnings, Declares Quarterly Cash Dividend
SAN ANTONIO--(BUSINESS WIRE)--Aug. 4, 2005--Tesoro Corporation (NYSE:TSO) today reported net earnings of $183.9 million, or $2.62 per share, for the second quarter of 2005 compared to net earnings of $213.1 million, or $3.11 per share, for the second quarter of 2004. As previously disclosed, results for the second quarter of 2005 include an after-tax charge of $1.8 million, or $0.03 per share to write-off unamortized debt issuance costs and the prepayment premium associated with the... 
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Jul 12, 2005Tesoro Corporation to Webcast Second Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--July 12, 2005--Tesoro Corporation (NYSE:TSO) has scheduled its second quarter 2005 earnings conference call for 2:00 p.m., CDT, Thursday, August 4, 2005. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's web site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's web site until its next earnings conference call is held. ... 
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May 9, 2005Tesoro Announces First Quarter Results, Initiates Cash Dividend on Common Stock
SAN ANTONIO, May 09, 2005 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) today reported net earnings of $27.7 million, or $0.40 per share, for the first quarter of 2005 compared to net earnings of $50.4 million, or $0.75 per share, for the first quarter of 2004. As reported in the attached financial information, results for the quarter include an after-tax charge of $6.3 million, or $0.09 per share for expenses related to previously announced termination and retirement of certain ex... 
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Apr 18, 2005Tesoro Prepays $96 Million of Debt
SAN ANTONIO, Apr 18, 2005 (BUSINESS WIRE) -- Tesoro Corporation (NYSE:TSO) announced that it prepaid the remaining $96 million principal balance of its Senior Secured Term Loans due 2008, from cash on hand. The term loans paid interest at the rate of LIBOR plus 5.5% or about 8.5%, immediately prior to their redemption. Effective April 15, 2005, the prepayment premium on these loans dropped from 3% to 1%. The company will record a pretax charge in the second quarter totaling approximately $... 
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Apr 12, 2005Tesoro Corporation to Webcast First Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--April 12, 2005--Tesoro Corporation (NYSE:TSO) has scheduled its first quarter 2005 earnings conference call for 2:00 p.m., CDT, Monday, May 9, 2005. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's web site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's web site until its next earnings conference call is held. The... 
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Mar 24, 2005Tesoro Raises over $127,000 for Toys for Tots Program
SAN ANTONIO--(BUSINESS WIRE)--March 24, 2005--Tesoro Corporation (NYSE:TSO) announced today it raised over $127,000 during its 2004 Toys for Tots campaign. This was the second year that Tesoro served as a National Corporate Sponsor for the United States Marine Corps Reserve (USMCR) Toys for Tots Program. In 2003, Tesoro raised over $110,000 for the charitable organization. "Our 2004 Toys for Tots campaign was the most successful in our 57-year history," said retired Major Bill Grein... 
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Mar 23, 2005Michael E. Wiley Elected to Tesoro's Board of Directors
SAN ANTONIO--(BUSINESS WIRE)--March 23, 2005--Tesoro Corporation (NYSE:TSO) announced today that the size of Tesoro's board has been increased from seven to eight members and Michael E. Wiley has been elected to the company's board of directors effective March 21, 2005. Wiley, 54, has 33 years experience in the energy industry. Most recently he served as Chairman of the Board and Chief Executive Officer of Baker Hughes Incorporated, an oilfield services company. Prior to Baker Hughe... 
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Mar 2, 2005W.M. `Bill' Bodnar Named Vice President and General Manager of Tesoro's Golden Eagle Refinery
SAN ANTONIO--(BUSINESS WIRE)--March 2, 2005--Tesoro Corporation (NYSE:TSO) announced today that Bill Bodnar has been named Vice President and General Manager of the company's Golden Eagle Refinery located in Martinez, California. Bodnar will replace current manager J.W. Bill Haywood, who was recently promoted to Senior Vice President of Refining, managing all of the corporation's refining assets. Bodnar, currently Assistant Refinery Manager, brings to his new role over 25 yea... 
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Feb 18, 2005Tesoro Names James `Bill' Haywood Senior Vice President of Manufacturing
SAN ANTONIO--(BUSINESS WIRE)--Feb. 18, 2005--Tesoro Corporation (NYSE:TSO) has named Bill Haywood Senior Vice President of Manufacturing. Haywood, currently Tesoro's Vice President of the Golden Eagle Refinery and President of the California and Southwest Region, will report to Bill Finnerty, Executive Vice President, Operations. He will be based at Tesoro's San Antonio headquarters. In his new role, Haywood will be responsible for all manufacturing operations at Tesoro's six refin... 
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Feb 4, 2005Tesoro's SVP of Manufacturing Resigns
SAN ANTONIO--(BUSINESS WIRE)--Feb. 4, 2005--Tesoro Corporation (NYSE:TSO) today announced that Senior Vice President of Manufacturing Jim Taylor has resigned to pursue other interests. Bill Finnerty, Executive Vice President of Operations, will assume his responsibilities until a successor is named. "Over the past four years, Tesoro has doubled its number of refineries to six, and Jim has played a key role in integrating these facilities into our overall system," said Finnerty. "We ... 
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Feb 3, 2005Tesoro Corporation Reports Breakeven Fourth Quarter
SAN ANTONIO--(BUSINESS WIRE)--Feb. 3, 2005--Tesoro Corporation (NYSE:TSO) today reported a net loss of $200 thousand, or $0.00 per share, for the fourth quarter of 2004 compared to a net loss of $7.9 million, or $0.12 per share, for the fourth quarter of 2003. "Turnarounds and unanticipated factors, combined with dramatically lower fuel oil prices in December reduced earnings to breakeven. Despite these difficulties, the Company earned a record $328 million in 2004, more than four t... 
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Feb 2, 2005Tesoro Names C.A. `Chuck' Flagg Senior Vice President of Supply and Optimization
SAN ANTONIO--(BUSINESS WIRE)--Feb. 2, 2005--Tesoro Corporation (NYSE:TSO) announced today that C.A. "Chuck" Flagg will assume the role of Senior Vice President, Supply and Optimization. Flagg was previously Senior Vice President of Planning and Optimization. "With Bill Finnerty's recent promotion to Executive Vice President of Operations, Chuck will assume the added responsibility of the Supply and Distribution function," said Bruce A. Smith, Tesoro's Chairman, President and CEO. "B... 
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Jan 19, 2005Tesoro Corporation to Webcast Fourth Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Jan. 19, 2005--Tesoro Corporation (NYSE:TSO) has scheduled its fourth quarter 2004 earnings conference call for 12:30 p.m., CT, Thursday, February 3, 2005. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tsocorp.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is... 
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Jan 17, 2005Tesoro Announces COO Bill Van Kleef Has Resigned and Bill Finnerty Will Assume His Responsibilities
SAN ANTONIO--(BUSINESS WIRE)--Jan. 17, 2005--Tesoro Petroleum Corporation (NYSE:TSO - News) announced today that Chief Operating Officer (COO) Bill Van Kleef is resigning from Tesoro and Bill Finnerty, currently Senior Vice President of Supply and Distribution will replace him as Executive Vice President of Operations. "I am deeply saddened by Bill's departure from Tesoro," said Bruce Smith, Tesoro's Chairman, President and Chief Executive Officer. "Bill has made enormous contributions to ... 
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Jan 14, 2005Tesoro Provides Fourth Quarter Earnings Guidance
SAN ANTONIO--(BUSINESS WIRE)--Jan. 14, 2005--Tesoro Corporation (NYSE:TSO - News) announced today that it expects to earn around $0.05 to $0.10 per share for the fourth quarter of 2004. Higher throughput volumes and lower interest expense contributed to the earnings improvement compared to the fourth quarter of 2003. Included in the fourth quarter's expectation is an after-tax charge of approximately $0.10 per share related to a write-off of equipment associated with turnaround work at the Gol... 
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Nov 8, 2004Tesoro to Webcast Analyst Meeting in New York
SAN ANTONIO--(BUSINESS WIRE)--Nov. 8, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it will host a presentation to analysts in New York City on Tuesday, November 9, 2004 at 8:30 a.m. ET. Senior management from Tesoro will provide an overview of industry fundamentals as well as discuss corporate initiatives and strategies for the future. The webcast of the presentation, hosted by CCBN, along with the corresponding presentations materials may be accessed from the Invest... 
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Nov 4, 2004Tesoro Reports Third Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Nov. 4, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today reported net earnings of $64.6 million, or $0.93 per share, for the third quarter of 2004 compared to net earnings of $70.6 million, or $1.09 per share, for the third quarter of 2003. As reported in the attached financial information, results for the third quarter include after-tax charges of $12.7 million, or $0.18 per share, to write-off premiums and unamortized debt issuance costs in connec... 
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Oct 20, 2004Tesoro Petroleum to Webcast Third Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Oct. 20, 2004--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its third quarter 2004 earnings conference call for 2 p.m., CT, Thursday, November 4, 2004. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings confe... 
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Sep 30, 2004Tesoro Prepays $100 Million of Debt
SAN ANTONIO--(BUSINESS WIRE)--Sept. 30, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it voluntarily prepaid $100 million of the company's $197.5 million senior secured term loans due 2008, on September 29, 2004, from cash on hand. The term loans currently pay interest at the rate of LIBOR plus 5.5% or about 7.25%. The company will record a pretax charge in the third quarter totaling approximately $5 million related to the prepayment, including a 3% prepayment premium... 
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Aug 4, 2004Tesoro Reports Second Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Aug. 4, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today reported record net earnings of $213.1 million, or $3.11 per share, for the second quarter of 2004 compared to a net loss of $7.0 million, or $0.11 per share, for the second quarter of 2003. Results for the second quarter of 2003 include an after-tax charge of $21.0 million, or $0.33 per share to write-off the unamortized debt issuance costs of the company's previous credit facility. For the f... 
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Jul 14, 2004CORRECTED: Tesoro Petroleum To Webcast Second Quarter Conference Call
SAN ANTONIO, Jul 14, 2004 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second quarter 2004 earnings conference call for 10 a.m. CT / 11 a.m. ET, Wednesday, August 4, 2004. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next e... 
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Jul 14, 2004Tesoro Petroleum To Webcast Second Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--July 14, 2004--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second quarter 2004 earnings conference call for 11 a.m., CT, Thursday, August 4, 2004. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings confe... 
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Jul 2, 2004Tesoro Prepays $297.5 Million in Debt
SAN ANTONIO--(BUSINESS WIRE)--July 2, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced that it prepaid, on July 1, 2004, the remaining $297.5 million principal balance of its 9% Senior Subordinated Notes due 2008, at a price of 103% pursuant to the indenture. The Company will record a pretax charge in the third quarter totaling approximately $16 million related to the prepayment, including $9 million for the related redemption premiums and $7 million for the non-cash write-off of t... 
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Jun 1, 2004Tesoro to Call 9% Senior Subordinated Notes
SAN ANTONIO--(BUSINESS WIRE)--June 1, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it will call its 9% Senior Subordinated Notes due 2008. The notes will be redeemed on July 1, 2004 and will include a call premium of 3% plus accrued interest. The outstanding principal balance of the notes is currently $297.5 million. The Company also announced that it has successfully amended its revolving credit facility to increase total capacity by $150 million to $650 mill... 
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May 6, 2004Tesoro First Quarter Earnings Rise 150%
SAN ANTONIO--(BUSINESS WIRE)--May 6, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today reported record net earnings of $50.4 million, or $0.75 per share, for the first quarter of 2004 compared to net earnings of $20.4 million, or $0.32 per share, for the first quarter of 2003. "Net earnings were 150% better than last year's first quarter results and the best first quarter results in the history of Tesoro," said Bruce A. Smith, chairman, president and CEO of Tesoro. "Seasonally, p... 
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Apr 19, 2004Tesoro Petroleum to Webcast First Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--April 19, 2004--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its first quarter 2004 earnings conference call for 2 p.m., CT, Thursday, May 6, 2004. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conferenc... 
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Apr 12, 2004Tesoro Provides First Quarter Earnings Guidance
SAN ANTONIO--(BUSINESS WIRE)--April 12, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it expects to earn around $0.70 per share for the first quarter. Stronger refining margins, higher throughput volumes, and lower interest expense are the primary reasons for the expected earnings improvement compared to the first quarter of last year. Included in the first quarter's expectation is an after-tax charge of $0.02 per share related to the successful completion of th... 
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Apr 2, 2004Tesoro Elects New Director
SAN ANTONIO--(BUSINESS WIRE)--April 2, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today that its Board of Directors has elected Robert (Bob) Goldman to fill a newly created directorship. Bob Goldman is currently the Vice President, Finance for the World Petroleum Congress and consults on financial matters. Previously, he was Senior Vice President and Chief Financial Officer of Conoco Inc. where he helped orchestrate the company's IPO and subsequent split off from DuPont... 
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Mar 29, 2004Tesoro Announces Successful Completion of Consent Solicitation
SAN ANTONIO--(BUSINESS WIRE)--March 29, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced the successful completion of its previously announced solicitation to amend the indenture relating to its 8% Senior Secured Notes due 2008 and to amend its credit and guaranty agreement relating to the Senior Secured Term Loans due 2008. The amendment allows Tesoro to exempt all repayments that may be made with respect to its $300 million 9% Senior Subordinated Notes due 2008 from the res... 
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Mar 15, 2004Tesoro Announces Senior Officer Changes
SAN ANTONIO--(BUSINESS WIRE)--March 15, 2004--Tesoro Petroleum Corporation (NYSE:TSO) announced today changes to the company's senior officer group. Joe Monroe, formerly Senior Vice President, Supply and Distribution, has been selected to lead the company's Strategic Planning and Business Development efforts and William Finnerty, currently Vice President, Crude Oil Logistics, has been promoted to Senior Vice President and will replace Monroe to lead the Supply and Distribution function. ... 
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Mar 15, 2004Tesoro Petroleum Announces Consent Solicitation
SAN ANTONIO--(BUSINESS WIRE)--March 15, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today announced that it has commenced a solicitation of consents to amend the indenture relating to its 8% Senior Secured Notes due 2008 and to amend its credit and guaranty agreement relating to the Senior Secured Term Loans due 2008 (collectively, the "Senior Secured Notes"). The company is seeking to amend the Senior Secured Notes to exempt all repayments that may be made with respect to its $30... 
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Feb 27, 2004Tesoro Completes Restart of Golden Eagle Refinery
SAN ANTONIO--(BUSINESS WIRE)--Feb. 27, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today announced that following last Friday's power outage, the company's Golden Eagle refinery, located in Martinez, Calif., has brought all units back online with the exception of one of two hydrogen units. As previously announced, the refinery is conducting required maintenance to the unit, which is unrelated to the power outage. The company expects to bring this unit back into operation by the end of n... 
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Feb 23, 2004Tesoro Conducting Maintenance Work At Golden Eagle Refinery
SAN ANTONIO--(BUSINESS WIRE)--Feb. 23, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company has accelerated maintenance plans for a hydrogen unit at the Golden Eagle refinery, which had previously been scheduled as a part of a more comprehensive turnaround in the fourth quarter of 2004, and is unrelated to the recent power outage at the refinery. The company anticipates completion in approximately two weeks with an estimated impact to throughput of approximately ... 
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Feb 20, 2004Power Outage at Golden Eagle Refinery; Tesoro Petroleum Reports No Fire, No Injuries
SAN ANTONIO--(BUSINESS WIRE)--Feb. 20, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today reported that at 11:30 a.m. PST the Golden Eagle refinery experienced a short-term power outage. Power has been re-established and the company is in the process of bringing the refinery back online. Although there has been some speculation of a fire in news reports, the company has stated there was no fire and no reported injuries associated with this power outage. The cause of the incident is not k... 
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Feb 3, 2004Tesoro Petroleum Corporation Reports Fourth Quarter and Full Year Results
SAN ANTONIO--(BUSINESS WIRE)--Feb. 3, 2004--Tesoro Petroleum Corporation (NYSE:TSO) today reported a net loss of $7.9 million, or $0.12 per share, for the fourth quarter of 2003 compared to a net loss of $27.7 million, or $0.43 per share, for the fourth quarter of 2002. Excluding special items, the net loss was $1.5 million, or $0.02 per share, compared to a net loss excluding special items for the fourth quarter of 2002 of $15.5 million, or $0.24 per share. As reported in the attac... 
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Jan 13, 2004Tesoro Petroleum to Webcast Fourth Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Jan. 13, 2004--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its fourth quarter 2003 earnings conference call for 2 p.m., CST, Tuesday, February 3, 2003. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conf... 
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Dec 23, 2003Tesoro Completes Divestiture of Marine Services
SAN ANTONIO, Dec 23, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that the company has completed the sale of Tesoro Marine Services, LLC to Martin Midstream Partners L.P. (Nasdaq:MMLP) and Midstream Fuel Service LLC. Tesoro Petroleum Corporation, a Fortune 500 Company, is an independent refiner and marketer of petroleum products and provider of marine logistics services. Tesoro operates six refineries in the western United States with a combined capa... 
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Dec 2, 2003Tesoro and Juniper Bank Announce New Tesoro Platinum MasterCard
SAN ANTONIO & WILMINGTON, Del.--(BUSINESS WIRE)--Dec. 2, 2003--Tesoro Petroleum Corporation (NYSE:TSO - ), and Juniper Bank, today announced the Tesoro Platinum MasterCard® Card. The new card issued by Juniper Bank, under agreement with Tesoro, provides Tesoro customers rebates good for Tesoro products, plus the payment flexibility and worldwide merchant acceptance of a MasterCard. Cardholders using the Tesoro Platinum MasterCard: Earn 3% rebate on purchases at Tesoro branded locations... 
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Nov 6, 2003Tesoro, United States Marine Corps Partner to Raise Funds for Toys for Tots
AUBURN, Wash.--(BUSINESS WIRE)--Nov. 6, 2003--Tesoro Petroleum Corporation (NYSE:TSO - ) today announced plans to partner with the United States Marine Corps (USMC) to conduct a national Toys for Tots fundraising campaign at all Tesoro Branded retail locations. The campaign will begin Nov. 15 and will run through Dec. 31, 2003. Tesoro customers will be able to make a donation of one dollar or more at nearly 500 Tesoro retail outlet locations in Alaska, California, Hawaii, Idaho, Minnesot... 
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Nov 6, 2003Tesoro Petroleum Corporation Announces New Executive Vice President
SAN ANTONIO--(BUSINESS WIRE)--Nov. 6, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced that its board of directors elected Greg Wright, the company's Chief Financial Officer, to Executive Vice President. He previously was Senior Vice President and Chief Financial Officer. Wright joined Tesoro in 1995 as Vice President of Corporate Communications and during his 8 years with the company, he has held various positions in the financial resources areas of the company. Most ... 
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Nov 5, 2003Tesoro Reports Third Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Nov. 5, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today reported net earnings of $70.6 million, or $1.09 per share, for the third quarter of 2003 versus a net loss of $15.8 million, or $0.24 per share, for the third quarter of 2002. Results for the third quarter include after-tax charges of $4.7 million, or $0.07 per share, for the loss on the pending sale of the Marine Service assets and $1.8 million, or $0.03 per share for the accelerated amortization o... 
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Oct 28, 2003Tesoro Signs Definitive Agreement to Sell Marine Services
SAN ANTONIO--(BUSINESS WIRE)--Oct. 28, 2003--Tesoro Petroleum Corporation (NYSE:TSO) announced today that the company's subsidiary, Tesoro Marine Services, LLP, has signed Asset Purchase Agreements with Martin Midstream Partners, L.P. (Nasdaq:MMLP) and Midstream Fuel Services LLC to sell substantially all of its Marine Services assets for approximately $32 million including inventories, which are estimated to be valued at $5 million. Tesoro will retain and subsequently liquidate the remai... 
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Oct 28, 2003Martin Midstream Partners Signs Agreement to Acquire Tesoro Marine Services Business
KILGORE, Texas, Oct. 28 /PRNewswire-FirstCall/ -- Martin Midstream Partners L.P. (Nasdaq: MMLP - ; "MMLP"), today announced it has signed a definitive agreement with Tesoro Marine Services LLC ("Tesoro"), a subsidiary of Tesoro Petroleum Corporation (NYSE: TSO - ), for the purchase of certain assets associated with Tesoro's shore based marine activities for $25 million plus the value of Tesoro's lube oil inventories, estimated to be $1.5 million. The assets to be acquired by MMLP include... 
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Oct 17, 2003Tesoro Petroleum to Webcast Third Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Oct. 17, 2003--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its third quarter 2003 earnings conference call for 2 p.m., CST, Wednesday, November 5, 2003. This call is being webcast by CCBN and interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings con... 
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Sep 17, 2003Tesoro and Petroleum Marketers Oil Company Announce Supply Agreement
SAN ANTONIO--(BUSINESS WIRE)--Sept. 17, 2003--Tesoro Petroleum Corporation (NYSE:TSO) and the Petroleum Marketers Oil Company LLC (PMOCO) today announced an agreement under which Tesoro will supply motor fuels to PMOCO licensees in the states of California, Oregon and Washington. The agreement calls for the supply of motor fuel at terminals in the three states at agreed upon volumes on a contractual basis to PMOCO's Spirit(tm) branded retail outlets. "This landmark agreement will pr... 
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Sep 10, 2003Tesoro Gives Notification to Repay Term Loan
SAN ANTONIO--(BUSINESS WIRE)--Sept. 10, 2003--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it has given notification to the administration agent that it is repaying the term loan portion of its credit facility. The amount of debt to be repaid is approximately $125 million and will be completed within three business days. "As a result of this debt repayment, we have substantially met our $500 million debt reduction goal that was established after the acquisition of t... 
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Aug 26, 2003Tesoro CEO to Present at Lehman Brothers 2003 Energy Conference
SAN ANTONIO--(BUSINESS WIRE)--Aug. 26, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the Lehman Brothers 2003 CEO Energy / Power Conference on Wednesday, September 3, 2003 at 8:00 a.m. Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetro... 
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Jul 31, 2003Tesoro Reports Second Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--July 31, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today reported net income before special items of $14.0 million, or $0.22 per share, for the second quarter of 2003, excluding an after-tax charge of $21.0 million, or $0.33 per share, to write off the unamortized debt issuance costs of the company's previous credit facility. Including the write off, the company reported a net loss during the quarter of $7.0 million, or $0.11 per share, compared to a net ... 
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Jul 22, 2003Tesoro Petroleum Corporation Extends Exchange Offer
SAN ANTONIO--(BUSINESS WIRE)--July 22, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced it has extended the expiration date with respect to its previously announced offer to exchange its 8 percent Senior Secured Notes due 2008, that have been registered under the Securities Act of 1933 for any and all of its outstanding 8 percent Senior Secured Notes due 2008. The Company has received tenders for approximately $372 million aggregate principal amount of the $375 million ... 
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Jul 10, 2003Tesoro Petroleum to Webcast Second Quarter Conference Call
SAN ANTONIO, Jul 10, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second quarter 2003 earnings conference call for 2 p.m., CDT, Thursday, July 31, 2003. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individuals wish... 
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Jul 8, 2003Tesoro Continues Debt Repayment
SAN ANTONIO, Jul 8, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced that it reduced total debt by $168 million during the second quarter bringing the total debt reduction since the end of the second quarter of 2002 to $322 million. In addition, the company had over $74 million of cash invested as of June 30, 2003. Total debt, net of cash, at the end of the quarter was $1.7 billion compared to $1.9 billion at the end of the first quarter. "I am very pleased wi... 
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May 20, 2003Tesoro CEO to Present at UBS Warburg 2003 Energy Conference
SAN ANTONIO--(BUSINESS WIRE)--May 20, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced that Bruce A. Smith, Chairman, President and Chief Executive Officer, will be a speaker at the UBS Warburg 2003 Global Energy Conference on Wednesday, May 21, 2003 at 3:20 p.m. Eastern Time. Interested parties may listen to the webcast of the presentation and view the accompanying slides over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com and cl... 
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Apr 30, 2003Tesoro Reports First Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--April 30, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today reported net income of $20.4 million or $0.32 per share for the first quarter of 2003 compared to a net loss of $55.6 million or $1.15 per share for the first quarter of 2002. The first quarter of 2003 results include $8.8 million in pre-tax charges, or $0.08 per share, which are primarily related to the company's early retirement program and severance costs. "Our first quarter operating inco... 
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Apr 21, 2003Tesoro Completes Refinancing
SAN ANTONIO, Apr 21, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced that it successfully completed the refinancing of its senior secured credit facility. The company issued $375 million in 8 percent senior secured notes and $200 million in senior secured term loans both maturing in 2008. Tesoro also entered into a $650 million senior secured credit facility that includes a letter of credit sub-limit of $400 million. The senior secured credit facility, togeth... 
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Apr 16, 2003Tesoro Petroleum to Webcast First Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--April 16, 2003--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its first quarter 2003 earnings conference call for 2 p.m., CDT, Wednesday, April 30, 2003. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Indiv... 
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Apr 9, 2003Tesoro Petroleum Corporation Provides Pricing of Senior Secured Term Loans and Senior Secured Notes to Refinance Existing Debt
SAN ANTONIO--(BUSINESS WIRE)--April 9, 2003--Tesoro Petroleum Corporation (NYSE:TSO) announced that it has negotiated the sale of $375 million in new senior secured notes and $200 million in new senior secured term loans both maturing in 2008 and sharing in a common collateral package. The purpose of these transactions, along with the company's previously announced proposed senior secured revolving credit facility, are to refinance a portion of the company's existing long-term debt... 
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Apr 4, 2003Tesoro Petroleum Corporation Provides Further Information Regarding Proposed Credit Facility and Institutional Term Loan Financings
SAN ANTONIO--(BUSINESS WIRE)--April 4, 2003--Tesoro Petroleum Corporation (NYSE:TSO) previously announced that it was pursuing discussions regarding possible financing alternatives to replace its existing senior secured credit facility. Tesoro is negotiating a new $650 million asset-based senior secured revolving credit facility (including a $400 million sub-limit for letters of credit) maturing in 2006 and $150 million in new senior secured term loans maturing in 2008. The new seni... 
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Apr 2, 2003Tesoro Petroleum Corporation AnnouncesPrivate Offering of Senior Secured Notes to Partially RefinanceExisting Senior Secured Facility
SAN ANTONIO, Apr 2, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that it expects to make a private offer of approximately $400 million of Senior Secured Notes due 2008. Tesoro anticipates using the proceeds of the offering, along with other funds, to repay existing indebtedness under its current senior secured credit facility and pay related offering fees and expenses. The notes generally will not be redeemable until 2006. The terms and timing of the off... 
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Apr 1, 2003Tesoro Petroleum Corporation Increases CARB Production at Golden Eagle Refinery
SAN ANTONIO--(BUSINESS WIRE)--April 1, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced the completion and start-up of a major project at its Golden Eagle refinery. With these enhancements, the refinery will be able to increase the production of California Air Resources Board (CARB) gasoline that complies with the new phase III standards which go into effect in California on Jan. 1, 2004, and regulations requiring the phase-out of the use of MTBE by year-end 2003. ... 
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Apr 1, 2003Tesoro Provides First Quarter of 2003 Update
SAN ANTONIO--(BUSINESS WIRE)--April 1, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today provided an update regarding the first quarter of 2003. Consistent with the company's goal of reducing cash operating expenses this year, the company offered voluntary enhanced retirement benefits to qualified employees during the first quarter. These enhanced benefits, including severance packages due to a workforce reduction and other reorganization costs, will result in a pretax charge dur... 
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Feb 17, 2003Tesoro Sets Dates for 2003 Annual Meeting of Stockholders and Stockholder Proposals
SAN ANTONIO, Feb 17, 2003 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that its Board of Directors had set the date for its Annual Meeting of Stockholders for Thursday, May 1, 2003. The record date for stockholders entitled to vote at the Annual Meeting is March 12, 2003. For business to be properly brought before the Annual Meeting by a stockholder, the stockholder must have given timely notice thereof in writing to the Secretary of the Company. To be ... 
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Jan 29, 2003Tesoro Petroleum Corporation Reports Fourth Quarter and Full Year Results
SAN ANTONIO--(BUSINESS WIRE)--Jan. 29, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today reported a net loss of $27.7 million or $0.43 per share for the fourth quarter of 2002 compared to net earnings of $4.0 million or $0.10 per share for the fourth quarter of 2001. The fourth quarter of 2002 includes after-tax charges totaling $12.2 million, or $0.18 per share, due mainly to losses on retail asset sales and an adjustment to the estimated tax benefit for the ye... 
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Jan 24, 2003Tesoro Petroleum to Webcast Fourth Quarter Conference Call
SAN ANTONIO--(BUSINESS WIRE)--Jan. 24, 2003--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its fourth quarter 2003 earnings conference call for 2 p.m., CST, Wednesday, Jan. 29, 2003. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is h... 
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Jan 20, 2003Tesoro Appoints Wilson as New Vice President of Retail
SAN ANTONIO--(BUSINESS WIRE)--Jan. 20, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced the promotion of Mark Wilson to vice president, retail, effective Feb. 1, 2003. Mark joined Tesoro in September 2000 as general manager, retail, in Tesoro's Denver, Colo., office. He is currently responsible for managing Tesoro's retail initiatives in the Mountain, California & Southwest, and Pacific Northwest regions. Mark has led numerous projects to im... 
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Jan 20, 2003Tesoro Petroleum Corporation Announces Timeline For California Mandated MTBE Phase-out
SAN ANTONIO--(BUSINESS WIRE)--Jan. 20, 2003--Tesoro Petroleum Corporation (NYSE:TSO) today announced the Company will be in full compliance with the State of California's MTBE phase-out guidelines by the year-end 2003 deadline. Additionally, as early as April 2003, the company will have the flexibility to provide the market and customers with CARBOB suitable for blending while continuing to provide MTBE blended gasoline for distribution purposes. The project will a... 
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Dec 26, 2002Tesoro and Kaneb Pipe Line Partners Complete Transaction
SAN ANTONIO--(BUSINESS WIRE)--Dec. 26, 2002--Tesoro Petroleum Corporation (NYSE:TSO) announced today that the company has completed the sale of the Northern Great Plains Products System to Kaneb Pipe Line Partners L.P. (NYSE:KPP) for $100 million, $50 million of which will be used to pay down term debt. Tesoro Petroleum Corporation, a Fortune 500 Company, is an independent refiner and marketer of petroleum products and provider of marine logistics services. Tesoro ... 
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Dec 20, 2002Tesoro Completes Third Transaction to Sell Its Northern California Retail Outlets
SAN ANTONIO--(BUSINESS WIRE)--Dec. 20, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company completed the sale of 23 retail outlets in Northern California to Nella Oil Company and Flyers L.L.C. for $23 million, including working capital. This transaction completes the previously announced sale of 70 of the company's Northern California retail outlets for total proceeds of $67 million, of which $33 million will be used to pay down term debt.... 
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Dec 16, 2002Tesoro Petroleum Amends Credit Agreement
SAN ANTONIO--(BUSINESS WIRE)--Dec. 16, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that it has amended terms of its $1.275 billion Credit Agreement to provide flexibility around the terms of required asset sales. Under terms of the amended agreement the Company need only receive net proceeds of $167 million from the sale of assets and apply $87.5 million of those proceeds toward the reduction of term debt by Dec. 31, 2002 to satisfy the terms of t... 
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Dec 12, 2002Tesoro Completes Two of Three Transactions To Sell 70 Northern California Retail Outlets
SAN ANTONIO--(BUSINESS WIRE)--Dec. 12, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company has completed two of the three separate transactions for the sale of the company's 70 Northern California retail outlets. Transactions completed today involve 47 of the outlets. Proceeds received from USA Petroleum Corporation and Green Valley Gasoline L.L.C. totaled $44 million, including working capital, and 50 percent of such proceeds will be us... 
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Dec 2, 2002Tesoro Comments on RCA Decision on TAPS Rates
SAN ANTONIO--(BUSINESS WIRE)--Dec. 2, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that, pursuant to a protest brought by Tesoro, the Regulatory Commission of Alaska (RCA) has determined that the owners of the Trans-Alaskan Pipeline System (TAPS) have overcharged the Alaskan refineries for transporting oil through TAPS by an average of 57% during the 1997-2000 period. Under the terms of the order, all Alaskan refineries, including Tesoro, would be ... 
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Nov 26, 2002Tesoro Schedules Webcast of Presentation to Friedman, Billings, Ramsey Annual Investor Conference
SAN ANTONIO--(BUSINESS WIRE)--Nov. 26, 2002--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled a webcast of its presentation to the Friedman, Billings, Ramsey Annual Investor Conference in New York for 8:50 a.m., Eastern Time, Wednesday, December 4. Bruce Smith, Chairman, President and Chief Executive Officer will deliver the presentation to the Investor Conference. Interested parties may listen to the live conference call over the Internet by logging onto Tes... 
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Nov 22, 2002Tesoro Petroleum Signs Definitive Agreement To Sell Product Pipeline to Kaneb Pipe Line Partners for $100 Million in Cash
SAN ANTONIO--(BUSINESS WIRE)--Nov. 22, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that it has terminated its agreement with Williams Energy Partners L.P. (NYSE:WEG) to sell Tesoro's Northern Great Plains Products System and has signed an Asset Purchase Agreement with Kaneb Pipe Line Partners, L.P. (NYSE:KPP) to sell the Products System for $100 million in cash. The transaction will require regulatory approval and is expected to close in December. ... 
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Nov 15, 2002Tesoro Petroleum Corporation Comments on Moody's Ratings Changes
SAN ANTONIO--(BUSINESS WIRE)--Nov. 15, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today commented on Moody's Investor Service's announced changes to Tesoro's senior subordinated notes rating, senior unsecured issuer rating and senior implied rating. Moody's confirmed the company's senior secured rating and took the company's outlook to stable. "We are disappointed in this action by Moody's given improvements to Tesoro's financial position and operating environme... 
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Nov 7, 2002Tesoro Petroleum Corporation Reports Third Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--Nov. 7, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today reported a net loss of $15.8 million or $0.24 per share for the third quarter of 2002 compared to net earnings of $32.8 million or $0.79 per share for the third quarter of 2001. The Company reported a net loss of $89.3 million or $1.51 per share for the nine months ended Sept. 30, 2002, compared to net earnings of $84.0 million or $2.00 per diluted share for the corresponding ... 
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Nov 4, 2002Tesoro Petroleum's Alaskan Operations Not Impacted by Sunday's Earthquake
SAN ANTONIO, Nov 4, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company's Alaskan operations did not incur any damage as a result of Sunday's earthquake. The refinery did not experience any shutdowns and is running at seasonally normal levels. Additionally, the company reported that its crude and product pipeline system and network of retail outlets were unaffected. Tesoro Petroleum Corporation, a Fortune 500 Company, is an independent ref... 
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Nov 1, 2002Tesoro Petroleum Signs Definitive Agreements To Sell 70 Northern California Retail Stations
SAN ANTONIO--(BUSINESS WIRE)--Nov. 1, 2002--Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company has signed three separate Sale and Purchase Agreements to sell 70 Northern California retail stations for $67 million in cash, which includes associated working capital estimated at $5 million. The parties involved in the transaction are USA Petroleum Corporation; Green Valley Gasoline L.L.C.; and Nella Oil Company together with Flyers L.L.C.. The tr... 
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Oct 21, 2002Tesoro Petroleum Corporation Completes Exchange Offer
SAN ANTONIO, Oct 21, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced it has completed the exchange of its 9 5/8 percent Senior Subordinated Notes due 2012, that have been registered under the Securities Act of 1933 for all $450 million of its outstanding 9 5/8 percent Senior Subordinated Notes due 2012. Tesoro Petroleum Corporation, a Fortune 500 Company, is an independent refiner and marketer of petroleum products and provider of marine logistics service... 
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Oct 21, 2002Tesoro Petroleum to Webcast Third Quarter Conference Call
SAN ANTONIO, Oct 21, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its third quarter 2002 earnings conference call for 2 p.m., CST, Thursday, Nov. 7, 2002. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individuals wish... 
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Oct 9, 2002Tesoro Petroleum Corporation Extends Exchange Offer
SAN ANTONIO, Oct 9, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced it has extended the expiration date with respect to its previously announced offer to exchange its 9 5/8 percent Senior Subordinated Notes due 2012, that have been registered under the Securities Act of 1933 for any and all of its outstanding 9 5/8 percent Senior Subordinated Notes due 2012. The Company has received tenders for $441,125,000 aggregate principal amount of the $450,000,000 a... 
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Oct 1, 2002Tesoro Petroleum and Williams Energy Partners L.P. Receive Second Request from Federal Trade Commission
SAN ANTONIO, Oct 1, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) and Williams Energy Partners L.P. (NYSE:WEG) today announced that they have received a request for additional information (Second Request) from the Federal Trade Commission (FTC) under the Hart-Scott-Rodino Antitrust Improvements Act pertaining to the pending sale of the Northern Great Plains Product Pipeline System. Tesoro has agreed to sell the pipeline system to Williams Energy Partners for $110 mill... 
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Sep 25, 2002Tesoro Petroleum Amends Credit Agreement
SAN ANTONIO, Sep 25, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced it has amended the terms and conditions of its $1.275 billion Credit Agreement. "Despite extremely difficult market conditions, Tesoro has demonstrated its determined commitment to financial stewardship," said Bruce A. Smith, Chairman, President and CEO of Tesoro. "Today's amendment is in part recognition of those efforts, as the financial institutions in the Credit Agreement overwhelmin... 
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Aug 30, 2002Tesoro Schedules Webcast of Investor Conference Presentation
SAN ANTONIO, Aug 30, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled a webcast of its presentation to the Lehman Brothers CEO Energy/Power Conference in New York for 4 p.m., eastern time, Tuesday, Sept. 3. Bruce Smith, Chairman, President and Chief Executive Officer will deliver the presentation. Interested parties may listen to the conference over the Internet by logging onto Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. ... 
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Aug 26, 2002Tesoro Petroleum To Lower Production in September
SAN ANTONIO, Aug 26, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced the company has reduced its refinery runs to about 85% of crude capacity. Expected crude throughput rates will range between 475,000 to 480,000 barrels per day for September and between 500,000 to 505,000 barrels per day for the third quarter. "The decrease in planned production levels is a direct result of poor market fundamentals driven by higher crude prices," said Bill Van Kleef,... 
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Aug 26, 2002Tesoro Petroleum Signs Definitive Agreement To Sell Product Pipeline for $110 Million in Cash
SAN ANTONIO, Aug 26, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company has signed an Asset Purchase Agreement with Williams Energy Partners L.P. (NYSE:WEG) to sell its Northern Great Plains Products System for $110 million in cash. The system includes a product pipeline from Mandan, N.D., to Minneapolis and terminals in Jamestown and Moorhead, North Dakota, Sauk Centre and Roseville (Twin Cities), Minnesota. The transaction will require reg... 
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Aug 1, 2002Tesoro Petroleum Corporation Reports Second Quarter 2002 Results
SAN ANTONIO, Aug 1, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today reported a net loss of $17.9 million or $0.28 per share for the second quarter of 2002 compared to net earnings of $29.5 million or $0.70 per diluted share for the second quarter of 2001. Included in this quarter's results are acquisition-related pretax charges of approximately $7 million or $0.06 per share. For the first half of 2002, the Company reported a net loss of $73.5 million or $1.30 p... 
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Jul 15, 2002Tesoro Petroleum to Webcast Second Quarter Conference Call
SAN ANTONIO, Jul 15, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second quarter 2002 earnings conference call for 2 p.m., CDT, Thursday, August 1, 2002. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individuals w... 
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Jul 2, 2002Tesoro Petroleum Gives Update On Its Debt Reduction Program
SAN ANTONIO, Jul 2, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today gave an update on its asset divestiture initiative that is part of the Company's recently announced $500 million debt reduction goal. "Two weeks ago, I announced that we were immediately taking actions to strengthen our balance sheet -- and we have," said Bruce A. Smith, Chairman, President and CEO of Tesoro. "We have now delivered the bid packages for the assets that have been identified as divest... 
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Jun 18, 2002Tesoro Petroleum Announces $500 Million Debt Reduction Program
SAN ANTONIO, Jun 18, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced plans that outline the Company's goal of reducing its debt by $500 million by the end of 2003. "Our first priority is to strengthen our balance sheet -- immediately," said Bruce A. Smith, Chairman, President and CEO of Tesoro. "Over the past six weeks I have worked with my senior management team and we have developed a plan to reduce debt by $500 million by the end of 2003." The overall ... 
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Jun 14, 2002Tesoro Schedules Webcast of Presentation to Banc of America Securities Energy Conference
SAN ANTONIO, Jun 14, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled a webcast of its presentation to the Banc of America Securities 2002 Energy Conference in New York for 10:20 a.m., Eastern Time, Tuesday, June 18. Bruce Smith, Chairman, President and Chief Executive Officer, will deliver the presentation to the Energy Conference. Interested parties may listen to the live conference call over the Internet by logging onto Tesoro's Internet site at http://w... 
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Jun 13, 2002Tesoro Names Joseph Monroe Senior Vice President, Supply and Distribution
SAN ANTONIO, Jun 13, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has announced Joseph Monroe has been named senior vice president, Supply and Distribution, for Tesoro Refining and Marketing Company. He will work from the company's San Antonio headquarters and will report to Bill Van Kleef, executive vice president and chief operating officer. Monroe assumes the position from Steve Wormington, who was recently named president of Tesoro Refining and Marketing's Cali... 
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May 22, 2002Tesoro Petroleum Sets 2002 Annual Meeting
SAN ANTONIO, May 22, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has set the company's annual meeting of stockholders for 8 a.m., Mountain time Thursday, June 20, 2002 at the Embassy Suites Hotel located at 110 West 600 South in Salt Lake City, Utah. Stockholders of record on May 1, 2002 will be entitled to vote at the meeting. Tesoro Petroleum Corporation, a Fortune 500 Company, is an independent refiner and marketer of petroleum products and provider of marine l... 
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May 17, 2002Tesoro Completes California Acquisition
SAN ANTONIO, May 17, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced it has completed the purchase of Valero Energy Corporation's Golden Eagle refinery and 70 retail locations in Northern California. The 168,000-barrel per day refinery is located in Contra Costa County in the San Francisco Bay area. Tesoro assumes operational control of the refinery effective today, significantly expanding the company's California presence in the strategically import... 
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May 17, 2002Tesoro to Complete California Acquisition Today
SAN ANTONIO, May 17, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today confirmed it will complete the purchase of Valero Energy Corporation's Golden Eagle refinery and 70 retail locations in Northern California by the end of the day. All the requirements for completion of the transaction will be met today and the transaction will close this afternoon. The acquisition will be funded with the proceeds from the prior sale of common equity and senior subordinated deb... 
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May 6, 2002Tesoro Petroleum Corporation Announces Revised Terms for Golden Eagle Acquisition; Over $100 Million in Economic Improvement; Reduced Initial Cash Outlay of $200 Million
SAN ANTONIO, May 6, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced amended terms for the purchase of Valero Energy Corporation's (NYSE:VLO) Golden Eagle refinery and 70 associated retail sites, improving the economic terms of the transaction to Tesoro by more than $100 million and reducing the initial cash outlay by $200 million. The amended terms reduce the purchase price by $50 million to $945 million, excluding the feedstock and refined product invent... 
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May 3, 2002Tesoro Petroleum, Valero Energy, Negotiating New Terms In Golden Eagle Acquisition
SAN ANTONIO, May 3, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) and Valero Energy Corporation (NYSE:VLO) today announced they are in negotiations to amend the terms of the purchase and sale agreement regarding the Golden Eagle transaction. Details are forthcoming. Tesoro Petroleum Corporation is an independent refiner and marketer of petroleum products and provider of marine logistics services. Tesoro operates five refineries in the western U.S. with a combined c... 
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May 3, 2002Tesoro Petroleum Corporation Reaffirms Intent to Close On Golden Eagle Transaction
SAN ANTONIO, May 3, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) Chairman and CEO Bruce Smith said today that he is extremely disappointed at the overreaction of the market to the company's conference call on Wednesday, particularly since Standard & Poor's reaffirmed the statement made by Tesoro the other day. Their announcement confirmed that the company has adequate liquidity today, and that they expect Tesoro will have adequate liquidity after Tesoro closes the Go... 
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May 1, 2002Tesoro Reports First Quarter 2002 Results
SAN ANTONIO, May 1, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today reported a net loss of $55.6 million or $1.15 per share for the first quarter of 2002 compared to net earnings of $21.7 million or $0.52 per diluted share for the first quarter of 2001. Included in this quarter's results are pretax charges of approximately $12 million or $0.15 per share, primarily related to acquisitions. "Weak margins in all of our business units, scheduled downtime at our Wash... 
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Apr 27, 2002Tesoro Petroleum to Webcast First Quarter Conference Call
SAN ANTONIO, Apr 27, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its first quarter 2002 earnings conference call for 2 p.m., CST, Wednesday, May 1, 2002. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individuals wishing... 
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Apr 22, 2002Tesoro Petroleum Implements Tempest XL to Enhance Risk Management and Streamline Business Operations
WESTPORT, Conn.--(BUSINESS WIRE)--April 22, 2002--Triple Point Technology, the preeminent developer of global energy trading systems, today announced that Tesoro Petroleum Corporation (NYSE: TSO) has licensed its Tempest XL enterprise trading and risk management system. Tesoro will use Tempest XL across multiple businesses in support of its purchase and sale of commodities, including petroleum (crude and refined products), feedstocks and marine fuels. "Tesoro discov... 
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Apr 16, 2002Tesoro Petroleum Corporation Announces Increased Corporate Presence in California; Steve Wormington named President of Tesoro's California & Southwest Region
SAN ANTONIO, Apr 16, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today plans to build a corporate presence in California by relocating a member of the company's executive team to the Bay Area. Steve Wormington has been named president, California & Southwest Region. In his new role, Wormington will oversee the day-to-day operations of the company's assets in California, Nevada, Arizona and New Mexico. He is specifically responsible for the strategic managem... 
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Mar 26, 2002Tesoro Announces Private Offering of Senior Subordinated Notes
SAN ANTONIO, Mar 26, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that it plans a private offering of $450 million in Senior Subordinated Notes eligible for Rule 144A in connection with its plans to finance its recently announced acquisition of the 168,000 barrels per day (BPD) Golden Eagle refinery and 70 associated retail sites in Northern California. The Senior Subordinated Notes will not be registered under the Securities Act of 1933, as amended, a... 
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Mar 1, 2002Tesoro Common Stock Over-Allotment Option Exercised
SAN ANTONIO, Mar 1, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced that the underwriters of the company's 20 million share offering announced earlier today have exercised the full amount of their option to purchase an additional 3 million shares. The exercise of the over-allotment will increase the company's outstanding shares to over 64 million shares. Total net proceeds from the offering of 23 million shares are approximately $246 million. The offering is ex... 
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Mar 1, 2002Tesoro Prices Common Stock Offering
SAN ANTONIO, Mar 1, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that it entered into an agreement to sell 20 million shares of common stock at $11.25 per share, for $225 million in gross proceeds. The shares sold by the company are expected to raise net proceeds of approximately $214 million after underwriting discounts and commissions. The offering is expected to close on March 6, 2002. The underwriters have the option to purchase up to an additional 3 ... 
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Feb 22, 2002Tesoro Announces Public Stock Offering
SAN ANTONIO, Feb 22, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today its plans for a public stock offering to provide partial funding for its pending acquisition of the Golden Eagle refinery along with 70 associated retail sites from Valero Energy Corporation (NYSE:VLO). Tesoro intends to close the pending acquisition of the Golden Eagle Assets in April 2002. The closing is subject to customary conditions and approval by the Federal Trade Commission and the ... 
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Feb 21, 2002Tesoro First Quarter 2002 Earnings Update
SAN ANTONIO, Feb 21, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that due to continued deterioration in market fundamentals and the ongoing scheduled turnaround of its Washington refinery, management expects first quarter 2002 earnings to be below breakeven levels. "Industry spreads are well below historical levels in all our refining regions," stated Bruce Smith, chairman, president and CEO of Tesoro. "So far this year, industry spreads have averaged... 
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Feb 12, 2002Tesoro Petroleum Corporation Extends Exchange Offer
SAN ANTONIO, Feb 12, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced it has extended the expiration date with respect to its previously announced offer to exchange its 9 5/8% Senior Subordinated Notes due 2008, Series B that have been registered under the Securities Act of 1933 for any and all of its outstanding 9 5/8% Senior Subordinated Notes due 2008. The Company has received tenders for $212,900,000 aggregate principal amount of the $215,000,000 aggre... 
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Feb 5, 2002Tesoro Agrees to Purchase the Golden Eagle Refinery And 70 Retail Sites From Valero
SAN ANTONIO, Feb 5, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that it has reached a definitive agreement to acquire the 168,000 barrel-per-day Golden Eagle refinery located in the San Francisco Bay Area of California along with 70 associated retail sites throughout Northern California from Valero Energy Corporation (NYSE:VLO). The purchase price will be $945 million plus the value of inventory at closing, currently estimated to be $130 million. Addi... 
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Feb 5, 2002Tesoro Petroleum Agrees to Buy Golden Eagle Refinery and 70 Beacon Retail Sites; Company to Retain All Employees, Provide Comparable Benefits and Honor Union Contracts
SAN ANTONIO, Feb 5, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that it has reached a definitive agreement to acquire the Golden Eagle refinery in Contra Costa County, as well as 70 associated Beacon retail stations in Northern California. Federal regulators ordered the assets to be sold as a condition of the Valero/UDS merger agreement. After this transaction, Tesoro will have more than 4,500 employees, six refineries and a retail network of more tha... 
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Jan 30, 2002Tesoro Reports Record Full-Year 2001 Earnings
SAN ANTONIO, Jan 30, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today reported record net earnings for 2001 of $88.0 million or $2.10 per diluted share, an increase of 20 percent compared to year ago net earnings of $73.3 million or $1.75 per diluted share. Fourth-quarter 2001 net earnings of $4.0 million or $0.10 per diluted share compared to net earnings of $24.4 million or $0.59 per diluted share for the fourth quarter of 2000. "I am very proud of how we exec... 
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Jan 23, 2002Tesoro Petroleum to Webcast Fourth Quarter Conference Call
SAN ANTONIO, Jan 23, 2002 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its fourth quarter 2001 earnings conference call for 2 p.m. CST, Wednesday, Jan. 30, 2002. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individuals wi... 
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Nov 26, 2001Tesoro Posts Corporate Data on Internet Site
SAN ANTONIO--(BUSINESS WIRE)--Nov. 26, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced that today it has posted certain supplemental financial and operational information to its corporate Internet site and also has filed this information on Form 8-K with the SEC. This information should be used in conjunction with reports that the Company has filed with the SEC, as well as other information and data the Company has publicly disclosed. Interested parties ... 
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Nov 8, 2001Tesoro Closes on Purchase of Pacific Northwest Retail Sites
SAN ANTONIO, Nov 8, 2001 (BUSINESS WIRE) -- Tesoro West Coast Company, a subsidiary of Tesoro Petroleum Corporation (NYSE:TSO), announced today that, effective Nov. 7, 2001, it has closed on the purchase from Gull Industries Inc., of 46 retail fueling facilities, including 37 retail stations with convenience stores and nine commercial card lock facilities, located in Washington, Oregon and Idaho. The purchase price is confidential. Tesoro Petroleum Corporation is an independent refiner ... 
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Nov 2, 2001Tesoro Closes on Purchase of North Dakota Pipeline
SAN ANTONIO--(BUSINESS WIRE)--Nov. 2, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that, effective Nov. 1, 2001, it has closed on the purchase from BP p.l.c. of the North Dakota-based, common-carrier crude oil pipeline and gathering system that is the primary crude supply source for the Company's Mandan, North Dakota, refinery, which was recently acquired from BP. The purchase price was $90 million. This transaction completes Tesoro's purchase of certain r... 
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Oct 30, 2001Tesoro Reports Strong Earnings
SAN ANTONIO--(BUSINESS WIRE)--Oct. 30, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today reported third-quarter 2001 net earnings of $33 million, or $0.79 per share, which includes the Company's newly acquired operations since closing the acquisition on Sept. 6. Special charges related to the acquisition financing and integration decreased third-quarter 2001 earnings by approximately $0.13 per share. For the third-quarter 2000, the Company recorded earnings of $0.60 per ... 
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Oct 25, 2001Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO, Oct 25, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its third-quarter 2001 earnings conference call for 1 p.m., central time, Tuesday, Oct. 30, 2001. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is held. Individ... 
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Sep 27, 2001Tesoro Third-Quarter 2001 Earnings Update
SAN ANTONIO, Sep 27, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation's (NYSE:TSO) third-quarter 2001 results will include approximately one month of earnings from its recently acquired refining and marketing businesses in the Utah and North Dakota regions. Management expects the newly acquired refining and marketing operations to be accretive to the Company's third-quarter earnings and also expects third-quarter profitability to exceed the current First Call earnings-per-share cons... 
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Sep 6, 2001Tesoro Completes Acquisition of Refining and Marketing Assets From BP
SAN ANTONIO, Sep 6, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today it has completed the acquisition of certain refining and marketing assets of BP p.l.c., including refineries in Salt Lake City, Utah, and Mandan, North Dakota. Closure on a related North Dakota crude gathering system will be handled separately, pending federal regulatory approval, and is expected around Nov. 1, 2001. The purchase was financed with debt and is expected to be accretive to e... 
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Sep 4, 2001Tesoro to Purchase Pacific Northwest Area Retail Sites
SAN ANTONIO, Sep 4, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today that its wholly owned subsidiary, Tesoro West Coast Company, has entered into a purchase and sale agreement to acquire 46 retail fueling facilities, including 37 retail stations with convenience stores and nine commercial card lock facilities, located in Washington, Oregon and Idaho. These properties are being purchased from Gull Industries Inc., a privately held company based in Seattle,... 
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Aug 31, 2001Tesoro to Open Long Beach, Calif., Office
SAN ANTONIO, Aug 31, 2001 (BUSINESS WIRE) -- Tesoro Refining, Marketing and Supply Company, a wholly owned subsidiary of Tesoro Petroleum Corporation (NYSE:TSO) announced today it has opened an office in Long Beach, Calif. The office, which will administer commercial marketing, supply and trading and retail operations, is part of the company's plan to expand its refining and marketing strategy in California. Bob Mills, Vice President-Commercial Marketing, Light Products, is relocatin... 
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Aug 30, 2001Tesoro to Expand California Marketing and Open Long Beach Office
SAN ANTONIO, Aug 30, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced that, as part of Tesoro's strategy designed to expand its presence in California, the company has opened a Long Beach, Calif., office, which will be staffed to handle supply and marketing activities in the western United States. "The strategy has two initial objectives," explained Bruce A. Smith, Chairman, President and CEO of Tesoro. "The first objective is to establish a meaningful asset ba... 
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Aug 30, 2001Acquisition of BP Refineries and Marketing Operations Clears Antitrust Review
SAN ANTONIO--(BUSINESS WIRE)--Aug. 30, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that its pending acquisition of the Mandan, N.D., and Salt Lake City, Utah, refineries of BP p.l.c. (NYSE:BP), together with associated storage, pipeline, distribution, and marketing operations, has cleared federal antitrust review. Under the Hart-Scott-Rodino (HSR) Antitrust Improvement Act of 1976, as amended, the proposed acquisition was subject to pre-closing review by ... 
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Aug 29, 2001Tesoro Schedules Webcast of Investor Conference Presentation
SAN ANTONIO, Aug 29, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has scheduled a webcast of its presentation to the Friedman Billings Ramsey 8th annual Investor Conference in Washington, D.C., for 2 p.m., eastern time, Thursday, Sept. 6. Bruce Smith, chairman, president and chief executive officer will deliver the presentation. Interested parties may listen to the conference over the Internet by logging onto Tesoro's Internet site at http://www.tesoropetroleum.com at... 
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Aug 27, 2001Tesoro to Explore Strategic Options for Marine Services Operations
SAN ANTONIO, Aug 27, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that the Company is investigating various strategic, value-creating opportunities for its Gulf of Mexico-based Marine Services operations. "Since we announced that we were going to focus on refining and marketing in 1999, our strategic goal has been to become the premier refining and marketing company in the western United States. While pursuing this goal, we have made significant finan... 
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Aug 2, 2001Tesoro Doubles Prior-Year Second Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Aug. 2, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today reported net earnings for the 2001 second quarter of $30 million, or $0.70 per diluted share, which is double the $0.35 recorded for the second quarter 2000. "Our outstanding results this quarter were driven by very strong margins for the first two months of the quarter in combination with record-high refinery throughput of 260 thousand barrels per day," stated Bruce A. Smith, Chairma... 
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Aug 1, 2001Tesoro Board Elects Two New Directors
SAN ANTONIO, Aug 1, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) announced today its Board of Directors has elected James F. Clingman Jr. and A. Maurice Myers as members of the board. The appointments increase the board's membership to nine. Clingman is president and chief operating officer of H.E. Butt Grocery Co., San Antonio. He also serves on the grocery firm's board of directors. Clingman joined H-E-B in 1975 as a district manager and has held a number of mana... 
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Jul 26, 2001Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--July 26, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second-quarter 2001 earnings conference call for 10 a.m., central time, Thursday, August 2nd. Interested parties may listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be archived on Tesoro's Internet site until its next earnings conference call is hel... 
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Jul 19, 2001Tesoro Names James L. Taylor Senior Vice President of Manufacturing
SAN ANTONIO, Jul 19, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) has named James L. Taylor Senior Vice President of Manufacturing for Tesoro Petroleum Companies Inc., a new position. Taylor will report to Bill Van Kleef, Executive Vice President and Chief Operating Officer, and will be based at Tesoro's San Antonio headquarters. In his new role, Taylor will be responsible for all manufacturing operations at Tesoro's refineries. Taylor has more than 20 years of ex... 
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Jul 17, 2001Tesoro to Acquire Refineries and Marketing Operations from BP
SAN ANTONIO--(BUSINESS WIRE)--July 17, 2001--Tesoro Petroleum Corporation (NYSE:TSO) and BP p.l.c. (NYSE:BP) announced today that they have reached an agreement for Tesoro to acquire BP's Mandan, North Dakota and Salt Lake City, Utah refineries and associated storage, pipeline, distribution and gasoline marketing operations for $677 million, excluding working capital. Upon completion of the deal, BP will transfer ownership of the two refineries, associated North Dakota cru... 
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Jul 2, 2001Tesoro Announces Conversion of Preferred Stock
SAN ANTONIO, Jul 2, 2001 (BUSINESS WIRE) -- Tesoro Petroleum Corporation (NYSE:TSO) today announced that its Premium Income Equity Securities (PIES) mandatorily converted to common stock, effective July 1, 2001. In accordance with the terms of the issue, holders of the PIES will receive one share of common stock for each share of PIES. Following conversion, there will be approximately 41.6 million common shares outstanding. Owners and Holders may contact the Bank of New York (phone: 212... 
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Jun 29, 2001Tesoro Expects to Approximately Double Earnings
SAN ANTONIO--(BUSINESS WIRE)--June 29, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today announced that second quarter 2001 earnings per diluted share should approximately double the $0.35 recorded for the second quarter last year. Based on quarter-to-date results, the Company expects earnings to range from $0.65 to $0.75 per diluted share. "Overall, this has been an exceptional quarter despite the dramatic decline in market conditions the industry experienced ... 
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Jun 15, 2001Tesoro Schedules Webcast of Presentation to Banc of America Securities Energy Conference
SAN ANTONIO--(BUSINESS WIRE)--June 15, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled a webcast of its presentation to the Banc of America Securities 2001 Energy Conference in New York for 4:30 p.m., Eastern Time, Tuesday, June 19. Bruce Smith, chairman, president and chief executive officer will deliver the presentation to the Energy Conference. Interested parties may listen to the live conference call over the Internet by logging onto Tesoro's Internet site... 
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May 1, 2001Tesoro Granted License to Make and Sell Gasolines Subject to Unocal Patents
SAN ANTONIO--(BUSINESS WIRE)--May 1, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it has entered into a nonexclusive license agreement that allows the Company to make and sell all gasolines subject to patents held by Union Oil Company of California, a subsidiary of Unocal Corporation. The terms of the agreement are confidential. "We are pleased to have reached an agreement with Unocal that sets a defined royalty for making and selling certain reformul... 
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Apr 26, 2001Record First Quarter Earnings Increase 160% Over Prior-Year Quarter
SAN ANTONIO--(BUSINESS WIRE)--April 26, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today reported record first quarter 2001 net earnings of $22 million, or $0.52 per share, an increase of 160 percent over first quarter 2000 earnings per share. "These results continue our record-setting trend. Stronger earnings were principally due to a combination of higher margins and increased throughput. Margins benefited from increasing the amount of lower-cost, heavy crude processe... 
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Apr 18, 2001Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--April 18, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its first-quarter 2001 earnings conference call for 9 a.m., central time, Thursday, April 26. Interested parties may listen to the live conference call over the Internet by logging onto Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be available on Tesoro's Internet site until its next earnings conference call is held. ... 
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Apr 9, 2001Tesoro Announces Management Promotions
SAN ANTONIO--(BUSINESS WIRE)--April 9, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today announced the following management promotions: Greg Wright, Senior Vice President and Chief Financial Officer; Sharlene Fey, Vice President and Controller; and Susan Pirotina, Vice President, Communications. Wright was Senior Vice President, Financial Resources. He has more than 25 years of energy industry leadership experience, joining Tesoro in 1995. He has been responsible for fin... 
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Apr 4, 2001Tesoro Names Marketing Executives
SAN ANTONIO--(BUSINESS WIRE)--April 4, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has named Jerry H. Mouser as Executive Vice President, Commercial Marketing, for Tesoro Refining, Marketing & Supply Company. Mouser will report to Bill Van Kleef, Executive Vice President and COO for Tesoro. In addition, Robert Mills has been promoted to Vice President, Commercial Marketing, reporting to Mouser. Mouser, who has more than 30 years of experience in the energy ind... 
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Mar 26, 2001Tesoro Expects Continued Strong Results
SAN ANTONIO--(BUSINESS WIRE)--March 26, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that, based primarily on quarter-to-date results, the company expects earnings per diluted share to be in the $0.35 to $0.50 range for the first quarter of 2001, compared to $0.20 reported in the first quarter of 2000. The First Call consensus estimate for Tesoro's 2001 first quarter earnings per share is $0.25. Refining margins and total refinery throughput for... 
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Mar 8, 2001Tesoro Director Resigns to Accept Bush Administration Post
SAN ANTONIO--(BUSINESS WIRE)--March 8, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that Sean O'Keefe has resigned from its Board of Directors to assume the position of Deputy Director of the Office of Management and Budget for President George W. Bush. O'Keefe was named to the Tesoro board in December 2000. In connection with O'Keefe's resignation from the Board of Directors, Tesoro has reduced the size of its board from eight members to seven m... 
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Feb 28, 2001Tesoro's Operations Not Impacted by Seattle-Area Earthquake
SAN ANTONIO--(BUSINESS WIRE)--Feb. 28, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has confirmed that, based on initial reports, there were no injuries, damages or interruptions at its Company operations in the Pacific Northwest region due to an earthquake, which struck the Seattle, Wash., area earlier today. Tesoro operates a petroleum refinery with a rated crude capacity of 108,000 barrels per day at Anacortes, Wash., approximately 70 miles north of Seattle. In additio... 
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Feb 16, 2001Gene Burden Named President of Tesoro Alaska
SAN ANTONIO--(BUSINESS WIRE)--Feb. 16, 2001--Tesoro Petroleum Corporation (NYSE:TSO) announced today that Mr. Gene Burden has been named President, Tesoro Alaska Company, a wholly owned subsidiary of the Corporation. As President, Burden will be responsible for all manufacturing, marketing and distribution activities for Tesoro Alaska. Burden was previously Senior Vice-President Governmental Relations for Tesoro. Earlier he was with Tesoro Alaska for 11 years, holding seve... 
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Feb 16, 2001Tesoro Petroleum Declares Dividend on Preferred Stock
SAN ANTONIO--(BUSINESS WIRE)--Feb. 16, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has declared a regular quarterly dividend on the company's 7.25% Mandatorily Convertible Preferred Stock (Preferred Stock) payable to each holder of Premium Income Equity Securities (PIES), each representing 1/100 of a share of Preferred Stock. A dividend of $0.288875 will be paid per PIES on April 1, 2001, to holders of record of Preferred Stock at the close of business on March 15, 2001.... 
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Feb 13, 2001Tesoro Announces Record Earnings
SAN ANTONIO--(BUSINESS WIRE)--Feb. 13, 2001--Tesoro Petroleum Corporation (NYSE:TSO) today reported record net earnings for 2000 of $73 million, or $1.75 per diluted share. On a comparable basis, Tesoro's 1999 earnings were $32 million, or $0.62 per diluted share. "These results represent the fifth consecutive year of increased earnings. As such, I am extremely pleased with the earnings we are reporting today," said Bruce A. Smith, chairman, president and CEO of... 
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Feb 6, 2001Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--Feb. 6, 2001--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its fourth-quarter 2000 earnings conference call for 10 a.m., central time, Tuesday, Feb. 13. Interested parties may listen to the live conference call over the Internet by logging onto Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. This presentation will be available on Tesoro's Internet site until its next earnings conference call is held. ... 
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Dec 20, 2000Tesoro Elects New Director
SAN ANTONIO--(BUSINESS WIRE)--Dec. 20, 2000--Tesoro Petroleum Corporation (NYSE:TSO) announced today that its Board of Directors has elected Sean O'Keefe to fill a newly created directorship. O'Keefe will hold this position until the 2001 Annual Meeting of the Stockholders, or until his successor is duly elected and qualified. O'Keefe currently holds the position of the Louis A. Bantle Professor of Business and Government Policy at The Maxwell School of Citizens... 
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Dec 20, 2000Tesoro Expects Strong Fourth-Quarter Earnings, Finalizes Capital Spending Plans
SAN ANTONIO--(BUSINESS WIRE)--Dec. 20, 2000--Tesoro Petroleum Corporation (NYSE:TSO) announced today that management expects fourth-quarter earnings to be in the range of $0.55 to $0.65 per diluted share based on the Company's quarterly results to date. The current First Call consensus estimate for Tesoro's fourth-quarter earnings per share is $0.18. Tesoro expects its fourth-quarter results to be driven by a continuation of unseasonally strong West Coast refined product ... 
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Nov 7, 2000Tesoro Petroleum Declares Dividend on Preferred Stock
SAN ANTONIO--(BUSINESS WIRE)--Nov. 7, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has declared a regular quarterly dividend on the company's 7.25% Mandatorily Convertible Preferred Stock (Preferred Stock) payable to each holder of Premium Income Equity Securities (PIES), each representing 1/100 of a share of Preferred Stock. A dividend of $0.288875 will be paid per PIES on Jan. 1, 2001, to holders of record of Preferred Stock at the close of business on Dec. 15, 2000. ... 
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Nov 7, 2000Tesoro To Webcast Analyst Presentation
SAN ANTONIO--(BUSINESS WIRE)--Nov. 7, 2000--Tesoro Petroleum Corporation (NYSE:TSO) will webcast the Company's presentation to industry analysts scheduled to begin at 8:30 a.m. central time, Thursday, Nov. 9, 2000. The presentation is expected to take approximately 1 hour and 15 minutes. During the presentation, material information with respect to the Company may be discussed. Interested parties can access the presentation by logging on to Tesoro's Internet site at http:... 
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Nov 1, 2000Tesoro Reports Strong Third Quarter Earnings
SAN ANTONIO--(BUSINESS WIRE)--Nov. 1, 2000--Tesoro Petroleum Corporation (NYSE:TSO) today reported third quarter 2000 net earnings from continuing operations of $25 million, or $0.60 per diluted share on 41.4 million common and potentially dilutive common shares. For the third quarter in 1999, net earnings from continuing operations were $23 million, or $0.53 per diluted share on 43.3 million common and potentially dilutive common shares. Third Quarter Results ... 
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Oct 24, 2000Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--Oct. 24, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its third-quarter 2000 earnings conference call for Thursday, November 2nd at 10 a.m. central time. Interested parties can listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. Individuals wishing to listen to Tesoro's conference call from its Internet site will need Real... 
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Oct 4, 2000Tesoro Enters Into New Unsecured Credit Facility
SAN ANTONIO--(BUSINESS WIRE)--Oct. 4, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has entered into a new $250 million unsecured revolving credit facility replacing a secured $175 million credit facility, which would have expired in 2001. The new facility consists of a $150 million, 3-year Revolving Credit Facility and a $100 million, 364-day Revolving Credit Facility. Each Revolving Credit Facility can be extended for up to two one-year periods, subject to bank approval... 
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Aug 9, 2000Tesoro Petroleum Declares Dividend on Preferred Stock
SAN ANTONIO--(BUSINESS WIRE)--Aug. 9, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has declared a regular quarterly dividend on the company's 7.25 percent Mandatorily Convertible Preferred Stock (Preferred Stock) payable to each holder of Premium Income Equity Securities (PIES), each representing 1/100 of a share of Preferred Stock. A dividend of $0.288875 will be paid per PIES on Oct. 1, 2000, to holders of record of Preferred Stock at the close of business on Sept. 15, 200... 
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Aug 3, 2000Tesoro Reports Second Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--Aug. 3, 2000--Tesoro Petroleum Corporation (NYSE:TSO) today reported net earnings for the 2000 second quarter of $14.6 million, or $0.35 per diluted share on 41.7 million common and potentially dilutive common shares. This compares to 1999 second-quarter net earnings of $32.5 million, or $0.76 per diluted share on 43 million common and potentially dilutive common shares. In the second quarter of 1999, operating problems at several West Coast refi... 
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Jul 31, 2000Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--July 31, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its second-quarter 2000 earnings conference call for Thursday, Aug. 3, at 10 a.m. central time. Interested parties can listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. Individuals wishing to listen to Tesoro's conference call from its Internet site will need RealPla... 
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Jul 25, 2000Tesoro Schedules Earnings Release Webcast
SAN ANTONIO--(BUSINESS WIRE)--July 25, 2000--Tesoro Petroleum Corporation's (NYSE:TSO) second-quarter 2000 earnings Webcast will be available on Thursday, August 3 after 10 a.m. Central time. Interested parties can listen to the Webcast over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com. Individuals wishing to listen to Tesoro's Webcast from its Internet site will need RealPlayer G2, which can be downloaded free... 
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Jul 24, 2000Tesoro Announces New ``Mirastar'' Retail Brand
SAN ANTONIO--(BUSINESS WIRE)--July 24, 2000--Tesoro Petroleum Corporation (NYSE:TSO) announced today that "Mirastar" is the new brand for its retail fueling facilities located on Wal-Mart properties. Tesoro West Coast Company, a subsidiary of Tesoro Petroleum Corporation, will lease the land for these facilities from Wal-Mart under the terms of an agreement announced earlier this year, which covers certain Western states. The Mirastar brand, which was developed exclusively fo... 
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Jun 30, 2000Tesoro Completes Purchase of Retail Fueling Facilities
SAN ANTONIO--(BUSINESS WIRE)--June 30, 2000--Tesoro West Coast Company, a subsidiary of Tesoro Petroleum Corporation (NYSE:TSO), today announced the closing of the purchase of eight retail fueling facilities in Colorado, Arizona, Idaho, South Dakota and New Mexico from Gary-Williams Retail Company. The purchase price is confidential. Seven of the facilities are located on Wal-Mart properties. The land at these sites will be leased from Wal-Mart under the terms of t... 
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Jun 8, 2000Tesoro Names Jerry H. Mouser Senior Vice President of New Business Ventures
SAN ANTONIO--(BUSINESS WIRE)--June 8, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has named Jerry H. Mouser as Senior Vice President of New Business Ventures for Tesoro Petroleum Companies, Inc. Mouser will report to Chairman, President and CEO Bruce A. Smith in the new position and will be based at Tesoro's office in San Antonio. He will be an integral part of Tesoro's strategic development team. Mouser has more than 30 years of experience in the energy industry... 
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May 25, 2000Tesoro To Purchase Retail Fueling Facilities
SAN ANTONIO--(BUSINESS WIRE)--May 25, 2000--Tesoro West Coast Company, a subsidiary of Tesoro Petroleum Corporation (NYSE:TSO), has entered into a purchase and sale agreement with Gary-Williams Retail Company to purchase eight retail fueling facilities located in Colorado, Arizona, Idaho, South Dakota and New Mexico. Tesoro expects to close on this transaction prior to July 31, 2000. The price to be paid for the facilities is confidential. Seven of the facilities a... 
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May 23, 2000Tesoro To Post Annual Meeting Presentation To Internet
SAN ANTONIO--(BUSINESS WIRE)--May 23, 2000--Tesoro Petroleum Corporation (NYSE:TSO) will post a presentation and remarks prepared for its 2000 Annual Meeting of Stockholders by Bruce A. Smith, Tesoro's Chairman, President and CEO to its Web site at http://www.tesoropetroleum.com. The presentation and remarks will be available on Tesoro's Web site after conclusion of the Annual Meeting, which will be held on Thursday, May 25, 2000. The company will also post the results of stock... 
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May 3, 2000Tesoro Reports Significantly Improved First Quarter Results
SAN ANTONIO--(BUSINESS WIRE)--May 3, 2000--Tesoro Petroleum Corporation (NYSE:TSO) today reported that 2000 first-quarter net earnings applicable to common stockholders improved significantly to $6.3 million, or 20 cents per basic share on 32.2 million shares outstanding. This is an increase of $9 million compared to a 1999 first-quarter net loss to common stockholders of $2.7 million, or 8 cents per basic share on 32.3 million shares outstanding. "The improvement ... 
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Apr 25, 2000Tesoro Petroleum Declares Dividend on Preferred Stock
SAN ANTONIO--(BUSINESS WIRE)--April 25, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has declared a regular quarterly dividend on the company's 7.25 percent Mandatorily Convertible Preferred Stock (Preferred Stock) payable to each holder of Premium Income Equity Securities (PIES), each representing 1/100 of a share of Preferred Stock. A dividend of $0.288875 will be paid per PIES on July 1, 2000, to holder of record of Preferred Stock at the close of business on June 15, 200... 
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Apr 24, 2000Tesoro Schedules Earnings Release Conference Call and Webcast
SAN ANTONIO--(BUSINESS WIRE)--April 24, 2000--Tesoro Petroleum Corporation (NYSE:TSO) has scheduled its first-quarter 2000 earnings conference call for Wednesday, May 3, at 10 a.m. central time. Interested parties can listen to the live conference call over the Internet by logging on to Tesoro's Internet site at http://www.tesoropetroleum.com at the scheduled time. Individuals wishing to listen to Tesoro's conference call from its Internet site will need RealPla... 
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Mar 14, 2000Tesoro Reduces Debt
SAN ANTONIO--(BUSINESS WIRE)--March 14, 2000--Tesoro Petroleum Corporation (NYSE:TSO) announced today that it had repaid a total of $102.9 million of debt including prepaying the $80.9 million remaining balance of Term Loan B and repaying $22.0 million of the revolving credit facility of its Senior Credit Facility. The funds used to reduce the debt were received from the December 1999 sale of the company's domestic exploration and production business, which had been held in a... 
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Mar 10, 2000Joseph E. Sparano Named President of Tesoro West Coast
SAN ANTONIO--(BUSINESS WIRE)--March 10, 2000--Tesoro West Coast Company, a subsidiary of Tesoro Petroleum Corporation (NYSE:TSO), announced today that Joseph E. Sparano has been named President, Tesoro West Coast Company. In his role as President, Sparano will be responsible for integrating all marketing, distribution and manufacturing activities for the West Coast business unit. In addition, Sparano will be directly responsible for marketing marine fuels for Tesoro's Refinin... 
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