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Encyclopedia > Tesoro
Tesoro Corporation
Tesoro
Type Public
Founded 1968
Headquarters San Antonio, TX, USA
Key people Bruce Smith, Chairman, President & CEO
Industry Oil and Gasoline
Products Petroleum Products
Revenue $12 billion USD (2005)
Employees 4,000
Website www.tsocorp.com

Tesoro Corporation NYSE: TSO is a FORTUNE 500 company headquartered in San Antonio, Texas, with 2004 annual revenues of $12.2 billion, assets of $4 billion, and more than 4,000 employees. Image File history File links Tesoro200. ... A public company is a company owned by the public rather than by a relatively few individuals. ... 1968 (MCMLXVIII) was a leap year starting on Monday (the link is to a full 1968 calendar). ... The Alamo in San Antonio San Antonio is a city in the U.S. state of Texas. ... Ranked list by size A list of largest petroleum companies is always somewhat arbitrary as state-owned companies operate differently as private-owned ones. ... Petroleum products are useful materials derived from crude oil (petroleum) as it is processed in oil refineries. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... The United States dollar is the official currency of the United States. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... San Antonio (the Spanish name of Saint Anthony) is a common toponym in parts of the world where the Spanish language is or was spoken: Argentina San Antonio, Jujuy province Belize San Antonio, Cayo District Chile San Antonio Mexico San Antonio, San Luis Potosí Philippines San Antonio, Quezon San Antonio... Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 268,581 sq mi (695,622 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Tesoro is a leading independent refiner and marketer of petroleum products, operating six refineries in the Western United States with a combined rated crude oil capacity of nearly 560,000 barrels per day. Tesoro’s retail-marketing system includes over 500 branded retail gas stations, of which more than 200 are company-operated under the Tesoro® and Mirastar® brands. The Mirastar brand is used for stations operated jointly with Wal-Mart stores in the Western United States. Petroleum products are useful materials derived from crude oil (petroleum) as it is processed in oil refineries. ... A refinery is a building and/or the equipment used for refining or processing specific products. ... If you have been redirected here after viewing any statistical information, note that as defined by the Census Bureau, the western United States includes 13 states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming. ... Barrels per day (abbreviated bpd or b/d) is a measurement used to describe the amount of crude oil produced or consumed by an entity in one day. ... Wal-Mart Stores, Inc. ...

Contents

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History

Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, Tesoro began operating Alaska's first refinery, near Kenai. As of 2005, Tesoro is a FORTUNE 200[1] company and one of the largest independent petroleum refiners and marketers in the United States. 1968 (MCMLXVIII) was a leap year starting on Monday (the link is to a full 1968 calendar). ... 1969 (MCMLXIX) was a common year starting on Wednesday (the link is to a full 1969 calendar). ... Official language(s) English Capital Juneau Largest city Anchorage Area  Ranked 1st  - Total 663,267 sq mi (1,717,854 km²)  - Width 808 miles (1,300 km)  - Length 1,479 miles (2,380 km)  - % water 13. ... Kenai is a city located in Kenai Peninsula Borough, Alaska. ...


In the late-1990s, Tesoro grew through a series of acquisitions and initiatives that created Tesoro Corporation – the company focuses on a single core business: petroleum refining and marketing. Acquisitions expanded refining capacity from 72,000 barrels per day to nearly 560,000 barrels per day. This change was created due to following milestones: See also 1990s, the band The 1990s decade refers to the years from 1990 to 1999, inclusive, sometimes informally including popular culture from the very late 1980s and from 2000 and beyond. ... The phrase mergers and acquisitions (M&A) refers to the aspect of business strategy and management dealing with the merging and/or acquiring of different companies. ...

  • 1998: Acquired refineries in Kapolei, Hawaii and Anacortes, Washington.
  • 1999: Sold exploration and production operations.
  • 2001: Purchased refineries in Mandan, North Dakota and Salt Lake City, Utah.
  • 2002: Acquired Golden Eagle refinery in Martinez, California.
  • 2003: Sold marine services. Also made a series of refinery acquisitions that boosted the company’s capacity output and positioned it for future expansion in key growth markets throughout the Western United States.
  • 2005: Largest capital expansion program in the company’s history; record earnings.
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Kapolei Hale is the civic center of the City of Kapolei. ... This article is becoming very long. ... Anacortes is a city located in Skagit County, Washington. ... Oil Exploration is the search by petroleum geologists for hydrocarbon deposits beneath the Earths surface. ... Mandan is a city located in Morton County, North Dakota. ... Official language(s) English Capital Bismarck Largest city Fargo Area  Ranked 19th  - Total 70,762 sq mi (183,272 km²)  - Width 210 miles (340 km)  - Length 340 miles (545 km)  - % water 2. ... The Salt Lake Temple of The Church of Jesus Christ of Latter-day Saints is Salt Lake Citys top tourist draw. ... Official language(s) English Capital Salt Lake City Largest city Salt Lake City Area  Ranked 13th  - Total 84,876 sq mi (219,887 km²)  - Width 270 miles (435 km)  - Length 350 miles (565 km)  - % water 3. ... Martinez Court House, California Martinez is the county seat of Contra Costa County, California. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ...

Executives

Tesoro Corporation's Senior Management Team:[2]

Bruce A. Smith Chairman, President and Chief Executive Officer
William J. Finnerty Executive Vice President and Chief Operating Officer
Everett Lewis Executive Vice President, Corporate Strategic Planning
Gregory A. Wright Executive Vice President and Chief Financial Officer
W. Eugene Burden Senior Vice President, External Affairs
C. A. “Chuck” Flagg Senior Vice President, Supply and Optimization
J. William Haywood Senior Vice President, Refining
Joseph M. Monroe Senior Vice President, Business Integration and Analysis
Charles S. Parrish Senior Vice President, General Counsel and Secretary
Dan Porter Senior Vice President, Marketing
Lynn Westfall Senior Vice President, Chief Economist
Susan A. Lerette Vice President, Human Resources
Otto C. Schwethelm Vice President, Finance and Treasurer
Sarah S. Simpson Vice President, Corporate Communications
G. Scott Spendlove Vice President and Controller
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See also

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This is a list of automotive fuel brands (petrol or gasoline, diesel, etc. ...

References

  1. ^ FORTUNE 500 article
  2. ^ Senior Management Team
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External links

San Antonio
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Tesoro's stock took a hit Thursday, however, after it issued a first-quarter earnings warning, saying it was lowering its per-share estimate to 60 cents, below analysts' expectations of 74 cents.
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