Tesoro
 |
|
| Public | |
| Traded as | : TSO S&P 500 Component |
| Industry | Oil and Gas |
| Founded | 1968 |
| Headquarters | San Antonio, Texas, United States |
|
Number of locations
|
7 Oil refineries, 595 retail locations |
|
Key people
|
Gregory J. Goff, President & CEO |
| Products | Petroleum products, natural gas and fuel |
| Revenue |
 US$37.6 billion (FY 2013) |
 US$755.0 million(FY 2013) |
|
|
US$412.0 million(FY 2013) |
|
| Total assets |
US$13.39 billion (FY 2013) |
| Total equity |
US$4.30 billion (FY 2013) |
|
Number of employees
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over 6,000 |
| Website | www |
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Footnotes / references |
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Tesoro Corporation (: TSO a.k.a.: "Tesoro Petroleum", or simply as "Tesoro") is a Fortune 100 and a Fortune Global 500 company headquartered in Texas at San Antonio, with 2013 annual revenues of $37 billion, and over 5,700 employees worldwide.
Tesoro is an independent refiner and marketer of petroleum products, operating seven refineries in the Western United States with a combined rated crude oil capacity of approximately 845,000 barrels (134,300 m3) per day. Tesoro’s retail-marketing system includes over 2,264 branded retail gas stations, of which more than 595 are company-operated under its own Tesoro brandname, as well as Shell, ExxonMobil, ARCO, and USA Gasoline brands.
Tesoro was founded in 1968 by Dr. Robert V. West Jr, primarily engaged in petroleum exploration and production ( is the word for "Treasure (or Treasury)" in both Italian and Spanish). In 1969, Tesoro began operating its first refinery, near Kenai, Alaska: Tesoro Corp. became the first Fortune 500 company to be headquartered in San Antonio.
In the late 1990s, Tesoro grew through a series of acquisitions and initiatives that created Tesoro Corporation, the company focusing on a single core business: petroleum refining and marketing. Acquisitions expanded refining capacity from 72,000 barrels per day (11,400 m3/d) to approximately 664,000 barrels per day (105,600 m3/d).
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