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Company Description

Contact Info

19100 Ridgewood Parkway

San Antonio, TX 78259

United States

Phone: 210-626-6000

Fax:

Tesoro Corporation operates as a petroleum refining, logistics and marketing company in the United States. The company’s subsidiaries primarily transport crude oil, and manufacture, transport and sell transportation fuels. Segments The company’s segments include Refining, Logistics, and Marketing. Refining This segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to various customers within its markets. The company owns and operates six petroleum refineries located in the western United States with a combined crude oil capacity of 875 Mbpd (thousand barrels per day). This segment buys and refines crude oil and other feedstocks into transportation fuels that it sells to various customers. As of December 31, 2015, the company held title to approximately 7.1 million barrels of crude oil in transit or in Panama for delivery to its refineries on the West Coast or to third parties. The company’s refineries process both heavy and light crude oil. The company sells gasoline through its network of branded retail stations, as well as on an unbranded, or wholesale, and bulk basis. It sells gasoline and diesel in western and midwestern states through a network of retail stations, including multi-site operators (MSOs), and branded and unbranded Jobber/Dealers. Seasonality Demand for gasoline is higher during the spring and summer months than during the fall and winter months in most of the company’s markets due to seasonal changes in highway traffic. As a result, its operating results for both the refining and marketing segments for the first and fourth quarters (year ended December 31, 2015) are typically lower than the second and third quarters. Refined Products The refining yield consists primarily of transportation fuels, including gasoline and gasoline blendstocks, jet fuel and diesel fuel, but might also include other products, such as heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke and asphalt. California Refineries Los Angeles The company’s Los Angeles refinery is located in the Carson-Wilmington area of California on approximately 930 acres approximately 20 miles south of Los Angeles. The refinery’s major processing units include crude distillation, vacuum distillation, delayed coking, hydrocracking, naphtha reforming, hydrotreating, fluid catalytic cracking, butane isomerization and alkylation. The refinery produces a high proportion of transportation fuels, including California Air Resources Board (CARB) gasoline and CARB diesel fuel, conventional gasoline, diesel fuel and jet fuel. The refinery also produces heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke and electricity. Martinez The company’s Martinez refinery is located in Martinez, California on approximately 2,200 acres approximately 30 miles east of San Francisco. The refinery’s major processing units include crude distillation, vacuum distillation, delayed coking, hydrocracking, naphtha reforming, hydrotreating, fluid catalytic cracking and alkylation units. The refinery produces a high proportion of transportation fuels, including CARB gasoline and CARB diesel fuel, conventional gasoline and diesel fuel. The refinery also produces liquefied petroleum gas and petroleum coke. Pacific Northwest Refineries Anacortes The company’s Anacortes refinery is located in northwest Washington on approximately 950 acres approximately 70 miles north of Seattle. The refinery’s major processing units include crude distillation, vacuum distillation, deasphalting, naphtha reforming, hydrotreating, fluid catalytic cracking, butane isomerization and alkylation units, which enable it to produce a high proportion of transportation fuels, such as conventional gasoline, diesel fuel and jet fuel. The refinery also produces heavy fuel oils and liquefied petroleum gas. Kenai The company’s Kenai refinery is located on the Cook Inlet near Kenai, Alaska on approximately 450 acres ap

 

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Price/Sales 0.4x
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