Tesoro Acquires Western Refining to Become Andeavor

Today, Tesoro announced their acquisition of Western Refining. This will bring their refining capacity to 1.1 million barrels and result in more than 3,000 retail stations and 13,000 employees. With this acquisition, Tesoro will be adopting a new company name – Andeavor, and logo. Click here for a fact sheet on Andeavor.

Press Release: TESORO TO ACQUIRE WESTERN REFINING IN $6.4 BILLION TRANSACTION

Click here to view the corresponding fact sheet   TESORO TO ACQUIRE WESTERN REFINING IN $6.4 BILLION TRANSACTION ·        Transaction creates a premier, highly integrated and geographically diversified refining, marketing and logistics company·        Stock transaction at exchange ratio of 0.4350, with option to elect cash in lieu of stock up to a cap of 10% of […]

Tesoro Launches Plan to Support Development of Renewable Biocrude for MTZ Refinery

Tesoro Launches Plan to Support Development of Renewable Biocrude for MTZ Refinery To learn more, read Reuter’s story on the partnership by clicking here. Also, a fact sheet is available by Tesoro highlighting the process and benefits of renewable biocrude. Access the fact sheet by clicking here.