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New NGL Pipelines, Senior Appointments, Divestitures, Dividends, and Credit Rating Upgrades Yield Growth Opportunities -

 New NGL Pipelines, Senior Appointments, Divestitures, Dividends, and Credit
 Rating Upgrades Yield Growth Opportunities - Research Report on Phillips 66,
                Marathon Petroleum, Tesoro, Hess, and Ultrapar

PR Newswire

NEW YORK, June 20, 2013

NEW YORK, June 20, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting
Phillips 66 (NYSE: PSX), Marathon Petroleum Corporation (NYSE: MPC), Tesoro
Corporation (NYSE: TSO), Hess Corporation (NYSE: HES), and Ultrapar Holdings
Inc. (NYSE: UGP). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
links below.

Phillips 66 Research Report

On June 17, 2013, Phillips 66 (Phillips 66), along with DCP Midstream and
Spectra Energy, announced that the Sand Hills and Southern Hills natural gas
liquids (NGLs) pipelines are now in service. Each of the Companies has a
one-third stake in the pipeline entities. Wouter van Kempen, Chairman,
President and CEO of DCP Midstream, stated, "Sand Hills and Southern Hills
provide a solution to the critical need for vital transportation capacity from
key liquids producing regions." Wouter continued, "DCP Midstream will have an
integrated NGL pipeline system, consisting of Sand Hills and Southern Hills as
well as our interests in the Front Range and Texas Express pipelines, that
connect our gathering and processing systems located in most of the major
liquids-rich and oil-driven shale plays to growing Gulf Coast markets. As the
nation's No. 1 NGL producer, the No. 2 natural gas gatherer and processor, and
the No. 3 NGL pipeline operator, DCP Midstream can offer customers superior
value and services across the midstream value chain." The Full Research Report
on Phillips 66 - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/e3ef_PSX]

--

Marathon Petroleum Corporation Research Report

On June 3, 2013, Marathon Petroleum Corporation (Marathon Petroleum) announced
that John R. Haley (J.R.) was appointed by the Company's board of directors to
the newly created position of Vice President of Tax, on June 1, 2013. J.R.
Haley was most recently the Director of Tax at Marathon Petroleum. Don
Templin, Senior Vice President and Chief Financial Officer of Marathon
Petroleum, said, "In this new position, J.R. will have responsibility for all
tax matters including overall tax compliance, tax planning, and helping the
company shape its views around emerging tax issues." Templin added, "J.R. has
a wealth of experience, more than 30 years, managing complex federal, state
and local tax matters and developing people." Mr. Haley joined the Company as
a tax analyst in 1981, and became a certified public accountant in 1986. Mr.
Haley is a member of the American Institute of Certified Public Accountants
and the Ohio Society of Public Accountants. He also serves on the American
Petroleum Institute's General Committee on Taxation. The Full Research Report
on Marathon Petroleum Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/cd31_MPC]

--

Tesoro Corporation Research Report

On June 17, 2013, Tesoro Corporation (Tesoro) announced that it has formally
entered into an agreement with a wholly-owned subsidiary of Par Petroleum
Corporation (Par Petroleum) for the divestiture of all of its interest in
Tesoro Hawaii, LLC. Tesoro Hawaii operates the 94,000 barrel per day Kapolei
refinery, retail stations, and associated logistical assets. "While the Hawaii
operations do not align with our strategic focus, we believe they offer a
great opportunity for Par Petroleum," said Greg Goff, President and CEO of
Tesoro. Par Petroleum intends to operate the assets as an integrated refining,
logistics, and retail system. Tesoro reported that the sales price of the
Hawaii operations is approximately $75 million, plus the market value of net
working capital, which is expected to be in the range of approximately $225
million to $275 million. The deal also includes an earn-out arrangement
payable over three years up to $40 million based on consolidated gross
margins. The Company expects the transaction to be completed by Q3 2013,
subject to regulatory approval. The Full Research Report on Tesoro Corporation
- including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/0fe6_TSO]

--

Hess Corporation Research Report

On June 5, 2013, Hess Corporation (Hess) announced that its Board of Directors
has declared a regular quarterly dividend of $0.10 per common share. The
dividend is payable on June 28, 2013 to shareholders of record at the close of
business on June 17, 2013. The Full Research Report on Hess Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/bdeb_HES]

--

Ultrapar Holdings Inc. Research Report

On May 27, 2013, Ultrapar Holdings Inc. (Ultrapar) announced that Moody's
Investors Services (Moody's) has upgraded its global scale credit rating from
'Baa3' to 'Baa2.' Ultrapar reported that Moody's basis for the credit rating
upgrade was the Company's solid business model, its low-risk profile, stable
cash flow, and the leading position in its various segments. The Company
further stated that the credit rating upgrade highlights Ultrapar's cash flow
generation capacity from its businesses, sound financial management, and
corporate governance. The Full Research Report on Ultrapar Holdings Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WSReports.com/r/full_research_report/998a_UGP]

----

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