Last $64.48 USD
Change Today +0.77 / 1.21%
Volume 1.9M
TSO On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

tesoro corp (TSO) Snapshot

Open
$63.78
Previous Close
$63.71
Day High
$64.54
Day Low
$63.32
52 Week High
08/25/14 - $65.31
52 Week Low
10/9/13 - $40.90
Market Cap
8.3B
Average Volume 10 Days
2.2M
EPS TTM
$3.54
Shares Outstanding
128.2M
EX-Date
08/27/14
P/E TM
18.2x
Dividend
$1.20
Dividend Yield
1.63%
Current Stock Chart for TESORO CORP (TSO)

tesoro corp (TSO) Details

Tesoro Corporation, together with its subsidiaries, is engaged in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, and asphalt. This segment also sells refined products in the wholesale market primarily through independent unbranded distributors; and in the bulk market primarily to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, marine, and industrial end-users in the western United States. It owns and operates 6 refineries with a combined crude oil capacity of approximately 850 thousand barrels per day. The Retail segment sells gasoline, diesel fuel, and convenience store items through company-operated retail stations, and third-party branded dealers and distributors in the western United States. As of July 21, 2014, it operated approximately 2,200 retail stations under the Tesoro, Shell, ARCO, Mobil, Exxon, and USA Gasoline brands. Tesoro Corporation was founded in 1939 and is headquartered in San Antonio, Texas.

tesoro corp (TSO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Executive Vice President, General Counsel and...
Total Annual Compensation: $534.6K
Compensation as of Fiscal Year 2013.

tesoro corp (TSO) Key Developments

Tesoro Corporation Announces Executive Changes

Tesoro Corporation announced that Steven Sterin will join Tesoro as Executive Vice President and Chief Financial Officer, effective August 18, 2014, and Cynthia (CJ) Warner will join Tesoro as Executive Vice President, Strategy and Business Development, effective October 6, 2014. Scott Spendlove, who has served as the company's Chief Financial Officer since May 2010 is leaving the company to pursue other interests Steven joins Tesoro from Celanese Corporation, he held financial leadership positions of increasing scope, including service as Senior Vice President, Chief Financial Officer for the last seven years. Cynthia Warner will join Tesoro as Executive Vice President, Strategy and Business Development from Sapphire Energy, where she was President, Chief Executive Officer, and Chairman of the Board over the past five years.

Tesoro Corporation Declares Regular Quarterly Cash Dividend

Tesoro Corporation announced that the Board of Directors has approved an increase in the regular quarterly dividend by 20% and declared a regular quarterly cash dividend of $0.30 per share.

Tesoro Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Tesoro Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second quarter 2014 net income attributable to the company of $224 million, or $1.70 per diluted share compared to net income of $227 million, or $1.64 per diluted share for the second quarter of 2013. Results from continuing operations were $1.70 per diluted share compared to $1.56 per diluted share for the second quarter of 2013, excluding special items. Special items in the year ago quarter include after-tax transaction and integration costs of $12 million and an after-tax California pipeline settlement benefit of $34 million. Results from continuing operations for the quarter are improved meaningfully over last year reflecting the addition of the Los Angeles refining, marketing and logistics assets and delivery of about $200 million of EBITDA improvements through a combination of synergy capture and other business improvements. For the second quarter 2014, the company recorded segment operating income of $494 million compared to segment operating income of $420 million in the second quarter of 2013. The increase was driven primarily by the addition of the Los Angeles refining, marketing and logistics assets, growth in Tesoro Logistics LP and improved retail margins. Capital spending for the second quarter 2014 was $167 million, which includes $48 million of TLLP capital spending. Revenues were $11,104 million against $8,897 million a year ago. Operating income was $410 million against $364 million a year ago. Earnings before income taxes were $372 million against $387 million a year ago. Net earnings from continuing operations were $240 million against $249 million a year ago. Adjusted EBITDA was $548 million against $531 million a year ago. For the six months, the company reported revenues of $21,037 million against $16,244 million a year ago. Operating income was $648 million against $557 million a year ago. Earnings before income taxes were $532 million against $550 million a year ago. Net earnings from continuing operations were $344 million or $2.29 per diluted share against $354 million or $2.39 per diluted share a year ago. Net earnings attributable to the company were $224 million or $2.28 per diluted share against $227 million or $2.30 per diluted share a year ago. Capital expenditures were $270 million against $289 million a year ago. Adjusted EBITDA was $915 million against $828 million a year ago. EBITDA was $200 million. Net earnings adjusted for special items were $224 million or $1.70 per diluted share against $216 million or $1.56 per diluted share a year ago. The company now estimates full year 2014 capital spending, excluding TLLP, of $625 million, a 7% reduction from prior guidance. TLLP capital spending is now estimated to be approximately $200 million, up 25% reflecting expected spending related to the construction of the Connolly Gathering System and the Anacortes truck rack. Turnaround expenditures for the second quarter were $19 million. The company now expects full year 2014 turnaround expenditures of $195 million. Full year 2014 deferred retail branding costs are now expected to be $25 million, a 50% reduction from prior guidance. EBITDA for year ended December 31, 2014 was expected to be $400 million.

 

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