Key Developments: Tesoro Corp (TSO)

TSO on New York Consolidated

63.49USD
16 Sep 2014
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$1.43 (+2.30%)
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Latest Key Developments (Source: Significant Developments)

Tesoro Corp announces CFO change - Form 8-K
Friday, 15 Aug 2014 04:44pm EDT 

Tesoro Corp:Says G. Scott Spendlove, the senior vice president and chief financial officer, will cease to serve as the principal financial officer effective Aug. 18.Says Spendlove will continue to serve as a senior vice president of the company through Aug. 31.Appoints Steven M. Sterin, as executive vice president and chief financial officer, effective Aug. 18.  Full Article

Tesoro Corp declares quarterly cash dividend
Wednesday, 30 Jul 2014 04:56pm EDT 

Tesoro Corp:Approved an increase in the regular quarterly dividend by 20 pct and declared a regular quarterly cash dividend of $0.30 per share.Payable on Sept. 15, to all holders of record as of Aug. 29.  Full Article

Tesoro Logistics LP reaches agreement with Tesoro Corporation to Acquire Certain Terminalling and Pipeline Assets
Monday, 23 Jun 2014 04:41pm EDT 

Tesoro Corporation and Tesoro Logistics LP:Says that Tesoro Logistics LP (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 terms of the agreement, TLLP will acquire three marketing terminals, storage facility and refined products pipeline for total consideration of $270 mln.  Full Article

Tesoro Corp declares quarterly cash dividend
Tuesday, 29 Apr 2014 08:00pm EDT 

Tesoro Corp:Declared a regular quarterly cash dividend of $0.25 per share.Payable on June 13, to all holders of record as of May 30.  Full Article

Miller Energy Resources Inc's subsidiary announces trans-foreland pipeline agreement with Tesoro Corp's subsidiary
Wednesday, 12 Feb 2014 05:14pm EST 

Miller Energy Resources Inc:Says that its wholly-owned Alaskan subsidiary, Cook Inlet Energy (CIE) has entered into a Trans-Foreland Pipeline Development Agreement with Tesoro Alaska company (Tesoro Alaska) and the newly-formed Trans-Foreland Pipeline company.Tesoro Alaska company is a subsidiary of Tesoro Corp, and Trans-Foreland Pipeline company is a subsidiary of Tesoro Alaska company.Proposes Trans-Foreland Pipeline (TFPL) system would involve the construction of 23 miles of new crude oil pipeline in the Cook Inlet region of Alaska.Under the terms of the agreement, working with CIE, Tesoro will have the sole right to pursue the project until Dec. 31, 2015, after which time CIE acquires the option to re-acquire all interests in the project for $817,490 plus the cost of tangible equipment and property purchased.Says ifTesoro elects to pursue construction of the TFPL, the agreement contemplates Tesoro's acquiring from CIE about 8 miles of pipeline from Hilcorp's Trading Bay Production Facility to CIE's Kustatan Production Facility for an amount expected to be about equal to its replacement cost.  Full Article

Tesoro Corp declares regular quarterly cash dividend
Wednesday, 5 Feb 2014 07:00pm EST 

Tesoro Corp:Declares a regular quarterly cash dividend of $0.25 per share payable on Mar. 14 to all holders of record as of Feb. 28.  Full Article

Tesoro Corp closes acquisition of the second portion of Los Angeles logistics assets
Friday, 6 Dec 2013 05:20pm EST 

Tesoro Corp:Says it has closed the acquisition of the majority of the remaining Los Angeles logistics assets (owned by Tesoro's subsidiary, Tesoro Refining & Marketing Company LLC, for total consideration of $650 million.  Full Article

Tesoro Corp Declares Quarterly Cash Dividend
Wednesday, 6 Nov 2013 05:00pm EST 

Tesoro Corp announced that it has declared regular quarterly cash dividend of $0.25 per share payable on December 13, 2013 to all holders of record as of November 29, 2013.  Full Article

Tesoro Corp Reports Shutting Down Unit At Anacortes-Reuters
Wednesday, 2 Oct 2013 12:20am EDT 

Reuters reported that Tesoro Corp reported it was shutting down an unspecified unit due to a malfunction at its 120,000 barrel-per-day refinery in Anacortes, Washington, according to a filing with pollution regulators. The incident on October 01, 2013 led to sulfur dioxide emissions, the filing with the U.S. National Response Center said.  Full Article

Tesoro Corp Announces Close On Sale Of Hawaii Operations
Wednesday, 25 Sep 2013 05:44pm EDT 

Tesoro Corp announced 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.  Full Article

Tesoro says Q2 net income dips slightly to $224 million

HOUSTON, July 30 - Tesoro Corp, the No. 2 U.S. independent refiner, on Wednesday reported second-quarter net income that dipped to $224 million from $227 million a year ago as costs and expenses rose.

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