ADVFN - Advanced Financial Network.
HOME» NYSE » T » TSO Stock Price » TSO Stock News

Tesoro Share News

 Tesoro Corp. Stock Price
TSO Stock Price
 Tesoro Corp. Stock Chart
TSO Stock Chart
 Tesoro Corp. Stock News
TSO Stock News
 Tesoro Corp. Company Information
TSO Company Information
 Tesoro Corp. Stock Trades
TSO Stock Trades

BP to Sell Refinery to Tesoro for $2.5 Billion

LONDON Oil giant BP PLC (BP, BP.LN) on Monday said it has reached agreement to sell its Carson, Calif., refinery and related logistics and marketing assets to Tesoro Corp. for $2.5 billion in cash. The deal will allow BP to focus operations and investments exclusively on its three northern U.S. refineries, which are crude feedstock advantaged, and their large and important marketing businesses. Under the agreement, which is subject to regulatory and other approvals, Tesoro will acquire the 266,000 barrel-a-day refinery near Los Angeles as well as the associated logistics network of pipelines and storage terminals and the ARCO-branded retail marketing network in Southern California, Arizona and Nevada. The sale also includes BP's interests in associated cogeneration and coke calcining operations. The closing is expected to happen before mid-2013. The deal brings the total value of the divestments that BP has agreed since the beginning of 2010 to $26.5 billion. This is part of its previously announced program to divest $38 billion of assets by the end of 2013. Write to Mark Shapland at Subscribe to WSJ:

Stock News for Tesoro (TSO)
09/22/201616:29:19Current Report Filing (8-k)
09/19/201616:16:17Current Report Filing (8-k)
09/16/201608:47:47Tesoro Corporation Sells Remaining Alaska Storage and Terminalling...
09/06/201616:30:31Tesoro to Acquire Renewable Technology Company
08/31/201616:21:19Initial Statement of Beneficial Ownership (3)
08/30/201615:33:15Statement of Changes in Beneficial Ownership (4)
08/25/201616:29:14Tesoro Corporation to Participate at the Barclays CEO Energy-Power...
08/24/201616:22:44Current Report Filing (8-k)
08/24/201608:30:19Tesoro Updates Executive Responsibilities
08/04/201616:14:42Quarterly Report (10-q)
08/04/201614:35:31Statement of Changes in Beneficial Ownership (4)
08/04/201606:10:03Current Report Filing (8-k)
08/02/201613:21:52Statement of Changes in Beneficial Ownership (4)
07/19/201607:55:00Basic Materials' Stocks Under Review -- Petroleo Brasileiro...
07/18/201618:00:00Two Refiners to Spend $400 Million on Pollution Control to Settle...
07/07/201616:51:04Current Report Filing (8-k)
07/05/201617:00:50Tesoro Corporation to Release Second Quarter Earnings
07/01/201608:20:06Tesoro Corporation to Sell Alaska Storage and Terminalling Assets...
07/01/201603:03:00California Seeks Refinery Details in Gasoline Probe -- WSJ

Tesoro and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations