Tesoro Corporation : Tesoro Introduces Exxon and Mobil Brands to its Multi-Branded Retail Network SAN ANTONIO - June 27, 2013 - Tesoro Corporation (NYSE:TSO) announced today that it has secured the rights from ExxonMobil to use the Exxon and Mobil brands at retail stations in Northern California, Oregon, Western Washington and Nevada, marketing areas strategically aligned with the Company's West Coast operations. Tesoro also secured the rights to use the Exxon and Mobil brands throughout Minnesota, Central/Eastern North Dakota and Northeastern South Dakota, marketing areas anchored by the Company's refinery in Mandan, North Dakota. Through this arrangement, Tesoro intends to assume ownership of branded-wholesale supply contracts for 54 Exxon- or Mobil-branded retail stations in Minnesota. "Introducing the well-established Exxon and Mobil brands into our retail network will allow us to drive further integration between our refining and marketing businesses with brands known for their quality products and marketing programs," said Dan Romasko, Executive Vice President of Operations. "This agreement with Tesoro provides consumers the opportunity to benefit from the reliability of supply from Tesoro along with the strength of the Exxon and Mobil brands," said John Rhodes, Americas Retail Director for ExxonMobil. "I am looking forward to working with Tesoro and to the opportunity to expand ExxonMobil's brand presence in multiple states." The Minnesota contracts are expected to be transitioned to Tesoro by the end of 2013, with subsequent market launches expected to begin in 2014. Tesoro Corporation, a Fortune 100 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates six refineries in the western United States with a combined capacity of over 845,000 barrels per day. Tesoro's retail-marketing system includes over 2,200 retail stations under the Tesoro®, Shell®, ARCO® and USA Gasoline(TM) brands, of which 595 are company operated. This press release contains certain statements that are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning the assignment of certain branded-wholesale supply contracts, future growth in our retail segment and further integration between our refining and marketing businesses. For more information concerning factors that could affect these statements see our annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. We undertake no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances that occur, or which we become aware of, after the date hereof. Contact: Investors: Louie Rubiola, Senior Director, Investor Relations, (210) 626-4355 Media: Tesoro Media Relations, email@example.com, (210) 626-7702 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tesoro Corporation via Thomson Reuters ONE HUG#1712318
Tesoro Corporation : Tesoro Introduces Exxon and Mobil Brands to its Multi-Branded Retail Network
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