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News Release

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Tesoro 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.

Tesoro Corporation, a Fortune 150 Company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of approximately 660,000 barrels per day. Tesoro's retail-marketing system includes over 900 branded retail stations, of which more than 445 are company owned under the Tesoro(R), Shell(R), Mirastar(R) and USA Gasoline(R) brands.

SOURCE: Tesoro Corporation

Tesoro Corporation, San Antonio
Investors:
Scott Phipps, Director, Investor Relations, 210-283-2882
or
Media:
Natalie Silva, Director, Public Relations, 210-283-2729