2016 News Releases

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07/05/16Tesoro 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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07/01/16Tesoro 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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06/28/16Tesoro 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 ... 
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06/27/16Tesoro 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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06/20/16Tesoro 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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05/04/16TESORO 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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04/06/16Tesoro 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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02/23/16Tesoro 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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02/03/16Tesoro 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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02/01/16Tesoro 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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01/20/16Tesoro 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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01/11/16Tesoro 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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01/08/16Tesoro 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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01/07/16Tesoro 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 ... 
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