Tesoro is one of the largest independent petroleum refiners and marketers in the western United States. The company operates six refineries in the western United States with a combined capacity of 850,000 barrels per day.
Tesoro has over 2,200 branded retail stores in the Western U.S. selling gasoline and convenience items under the Tesoro, Shell, ARCO, Exxon, Mobil and USA Gasoline brands. More than 570 stores are company owned.
The company's six refineries are located in: Anacortes, WA; Mandan, ND; Martinez, CA; Kenai, AK; Salt Lake City, UT; Wilmington, CA.
In 2014, the company reported revenues of $40.6 billion, up from $37.6 billion, and net earnings of $843 million.
"2014 was a very successful year for the Company - not only from a financial standpoint - but also from our excellent safety and operating performance" said Greg Goff, Chairman, President and CEO. "We exceeded the Distinctive Performance Objectives we laid out for the company and have continued to transform Tesoro with the acquisition of the natural gas business within Tesoro Logistics LP. We returned over $600 million to shareholders in the form of dividends and share repurchases and invested an additional $500 million in Tesoro Logistics during 2014."
Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, it began operating Alaska's first refinery near Kenai.
Updated February 22, 2015