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| 12/27/12 | TESORO 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 r... |
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| 12/11/12 | Tesoro 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 ... |
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| 11/15/12 | Tesoro 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 Gre... |
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| 10/31/12 | Tesoro 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 Cor... |
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| 10/03/12 | Tesoro 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. Tesor... |
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| 09/27/12 | Tesoro 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| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 ... |
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| 09/24/12 | Tesoro Corporation Announces Redemption of 6 1/4% Senior Notes Due 2012| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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... |
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| 09/14/12 | Tesoro Corporation Contributes Long Beach Marine Terminal and Los Angeles Short-haul Pipelines to Tesoro Logistics | table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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. "... |
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| 09/13/12 | Tesoro Corporation Announces Intention to Offer $925 Million in Senior Notes| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 ... |
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| 09/13/12 | Tesoro 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 | table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 Note... |
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| 09/13/12 | Tesoro Announces Pricing of $450 Million 4 1/4% Senior Notes due 2017 and $475 Million 5 3/8% Senior Notes due 2022 | table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 han... |
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| 08/13/12 | Tesoro Corporation to Purchase BP's Fully Integrated Southern California Refining and Marketing Business| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;}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 Immedia... |
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| 08/01/12 | Tesoro Corporation Reports Second Quarter 2012 Results| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 $38... |
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| 07/03/12 | Tesoro Corporation To Release Second Quarter Earnings| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 confe... |
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| 06/07/12 | TESORO COMPLETES NEGOTIATIONS AT ITS USW-REPRESENTED LOCATIONS| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 ... |
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| 05/02/12 | Tesoro Corporation Reports First Quarter 2012 Results| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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, Pr... |
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| 04/05/12 | Tesoro Corporation To Release First Quarter Earnings| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 c... |
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| 04/02/12 | TESORO CORPORATION CONTRIBUTES MARTINEZ CRUDE OIL MARINE TERMINAL TO TESORO LOGISTICS| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 fir... |
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| 02/01/12 | Tesoro Corporation Reports 2011 Fourth Quarter and Full Year Results| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 fo... |
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| 01/10/12 | TESORO ANNOUNCES PLAN TO SELL HAWAII OPERATIONS| table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;} 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 analysi... |
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| 01/05/12 | Tesoro Corporation Announces Fourth Quarter Update | table.hugin { border-color:black;}
td.hugin { padding: 3px; border-color:black;}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 ne... |
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