Tesoro Corporation
Tesoro Corporation, known briefly as Andeavor, was a Fortune 100 and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. Based on 2017 revenue, the company ranked No. 90 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
| Industry | Oil and gas |
|---|---|
| Predecessor | Western Refining |
| Founded | 1968 |
| Founder | Robert V. West Jr. |
| Defunct | October 1, 2018 |
| Fate | Acquired by Marathon Petroleum |
| Successor | Marathon Petroleum |
| Headquarters | , |
Number of locations | 10 oil refineries, 3,000 branded retail gas stations |
Area served | Central, Western U.S, Western México |
| Products | Petroleum products, natural gas and fuel |
| Revenue | US$34.975 billion (2017) |
| US$1.525 billion (2017) | |
| US$1.528 billion (2017) | |
| Total assets | US$28.573 billion (2017) |
| Total equity | US$9.815 billion (2017) |
Number of employees | 14,300 (2017) |
| Footnotes / references | |
Tesoro was an independent refiner and marketer of petroleum products, operating ten refineries in the Western United States with a combined rated crude oil capacity of approximately 1,200,000 barrels (190,000 m3) per day. Tesoro's retail-marketing system included approx. 3,000 branded retail gas stations, of which more than 595 were company-operated under its own Tesoro brandname, as well as Shell, ExxonMobil, ARCO, and USA Gasoline brands.
Tesoro, known at the time as Andeavor, was acquired by Marathon Petroleum on October 1, 2018.