Tesoro Corp (TSO.N) Company Profile | Reuters.com
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Profile: Tesoro Corp (TSO.N)

TSO.N on New York Stock Exchange

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Tesoro Corporation (Tesoro), incorporated on December 26, 1968, is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. The Company's Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd). TLLP's business operates in three segments: Gathering, Processing, and Terminalling and Transportation. The Marketing segment sells transportation fuels in approximately 20 states through a network of approximately 2,270 retail stations.

Tesoro Corporation (Tesoro), incorporated on December 26, 1968, is an independent petroleum refining and marketing company. The Company operates through three business segments: Refining operating segment (Refining), which owns and operates refineries, and refines crude oil and other feedstocks into transportation fuels; TLLP, a publicly traded limited partnership, which includes certain crude oil and natural gas gathering assets, natural gas processing and crude oil and refined products terminaling, and transportation and storage assets, and marketing segment (Marketing), which sells transportation fuels. Through its subsidiaries, the Company primarily transports crude oil and manufactures, transports and sells transportation fuels.

Refining

The Company's Refining segment owns and operates approximately six petroleum refineries with a combined crude oil capacity of over 850 thousand barrels per day (Mbpd). The Company's refining yield consists of transportation fuels, including gasoline and gasoline blendstocks, jet fuel and diesel fuel, and other products, such as heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke and asphalt. Its refineries process both heavy and light crude oil, and produce the transportation fuels that the Company sells. The Company's approximately 360 Mbpd Los Angeles refinery is located in the Carson-Wilmington area of California on approximately 930 acres over 20 miles south of Los Angeles. Its approximately 170 Mbpd Martinez refinery is located in Martinez, California on approximately 2,200 acres over 30 miles east of San Francisco. Its approximately 120 Mbpd Anacortes, Washington refinery is located in northwest Washington on approximately 950 acres over 70 miles north of Seattle. Its over 70 Mbpd Alaska refinery is located on the Cook Inlet near Kenai on approximately 450 acres over 60 miles southwest of Anchorage. The Company's over 70 Mbpd North Dakota refinery is located on the Missouri River near Mandan on approximately 950 acres.

TLLP

The Company's TLLP segment owns and operates networks of over 3,500 miles of crude oil, refined products and natural gas pipelines. TLLP also owns and operates approximately 30 crude oil and refined products truck and marine terminals and has over nine million barrels of storage capacity. In addition, TLLP owns and operates approximately four natural gas processing complexes and a fractionation facility. It generates revenues by charging fees for gathering crude oil and natural gas; for processing natural gas, and for terminaling, transporting and storing crude oil, and refined products. TLLP's business operates in three segments: Gathering, Processing, and Terminalling and Transportation. TLLP's Gathering segment consists of crude oil, natural gas and produced water gathering systems in the North Dakota Williston Basin/Bakken Shale area (the Bakken Region) and the Uinta, Vermillion and greater Green River basins.

TLLP's Processing segment consists of approximately four gas processing complexes, including the Vermillion processing complex, the Uinta Basin processing complex, the Blacks Fork processing complex and the Emigrant Trail processing complex. TLLP's Terminalling and Transportation segment consists of a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting Tesoro's Kenai refinery to Anchorage, Alaska; over 20 crude oil and refined products terminals and storage facilities in the western and midwestern United States; over four marine terminals in California; a rail-car unloading facility in Washington; a petroleum coke handling and storage facility in Los Angeles, and other pipelines, which transport products and crude oil from Tesoro's refineries to facilities in Salt Lake City and Los Angeles.

Marketing

The Company's Marketing segment sells gasoline and diesel fuel through multi-site operator retail stations and agreements with third-party branded dealers and distributor. The Marketing segment sells transportation fuels in approximately 20 states through a network of approximately 2,270 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.

Company Address

Tesoro Corp

19100 Ridgewood Pkwy
SAN ANTONIO   TX   78259-1828
P: +1210.6266000
F: +1302.6365454

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