Tesoro Petroleum Corp

Industry: Oil Gas Operations

Fortune Rank: 139

Tesoro Corporation (Tesoro), formerly Tesoro Petroleum Corporation, is an independent refiner and marketer of petroleum products with two major operating segments, Refining and Retail. Through its refining segment, the Company manufactures products, primarily gasoline and gasoline blendstocks, jet fuel, diesel fuel and heavy fuel oils for sale to a variety of commercial customers principally in the mid-continental and western United States. It operates six refineries in the United States with a combined rated crude oil capacity of 558,000 barrels per day. During the year ended December 31, 2004, approximately 50% of the Company's total refining throughput was heavy crude oil. Its retail segment distributes motor fuels through a network of branded gas stations, primarily trading under the Tesoro and Mirastar brands. The Company markets its products to wholesale and retail customers, as well as commercial end users. On November 8, 2004, the Company changed its name to Tesoro Corporation.

TSO is an independent refiner and marketer of petroleum that refines crude oil and other feedstocks. It also sells motor fuels and convenience products in the retail market. For the 6 months ended 6/30/05, revenues increased 29% to $7.2B. Net income decreased 20% to $211.6M. Revenues benefited from an increase in sales of crude oil, fuel and merchandise. Net income was offset by an increase in depreciation expenses.

Tesoro Petroleum Corp

Tesoro Petroleum Corp achieved revenue of $16,589.00 million in 2010 but posted a loss of $-140.00 million.

Tesoro Petroleum Corp's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 91st on the Fortune 500. The Previous ranking was based on its 2009 revenue of $28,031 million (a change of -12 million compared to 2010) and profits of $278 million (a change of -418 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Tesoro Petroleum Corp would be ranked 428th rather than 139th due to the fact it made a loss of $-140 million in 2010.

Tesoro Petroleum Corp Revenue* Profit* Fortune Ranking

* US$ Million

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