Tesoro Corporation

Tesoro

Industry	Oil and gas
Predecessor	Western Refining
Founded	1968; 56 years ago (1968)
Founder	Robert V. West Jr.
Defunct	October 1, 2018 (2018-10-01)
Fate	Acquired by Marathon Petroleum
Successor	Marathon Petroleum
Headquarters	San Antonio, Texas , United States
Number of locations	10 oil refineries,[1] 3,000 branded retail gas stations[2]
Area served	Central, Western U.S, Western México
Products	Petroleum products, natural gas and fuel
Revenue	US$34.975 billion (2017)
Operating income	US$1.525 billion (2017)
Net income	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 [3]

Tesoro Corporation, known briefly as Andeavor, was a Fortune 100^[4] 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.^[5]

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.