| | Business Summary | | Tesoro
Petroleum
Corporation
is
a
refiner
and
marketer
of
petroleum
products
and
provider
of
marine
logistics
services.
Tesoro
owns
and
operates
three
petroleum
refineries
with
a
combined
capacity
of
275,000
barrels
per
day,
and
sells
refined
products
to
a
wide
variety
of
customers
in
the
western
United
States
and
other
countries
on
the
Pacific
Rim.
Tesoro
markets
products
to
wholesale
and
retail
customers,
as
well
as
commercial
end
users.
The
Company
also
operates
a
network
of
terminals
along
the
Texas
and
Louisiana
Gulf
Coast
that
provides
fuel
and
logistical
support
services
to
the
marine
and
offshore
exploration
and
production
industries.
The
Company
conducts
its
business
through
two
operating
segments:
Refining
and
Marketing,
and
Marine
Services. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Tesoro
Petroleum
Corp.
is
an
independent
refiner
and
marketer
of
petroleum
products
and
a
provider
of
marine
logistics
services.
For
the
six
months
ended
6/30/01,
revenues
increased
11%
to
$2.53
billion.
Net
income
applicable
to
Common
totaled
$45.2
million,
up
from
$17.9
million.
Results
benefitted
from
an
increase
in
revenues
from
the
refining
and
marketing
segments
due
to
higher
product
prices
and
sales
volumes,
and
lower
interest
and
financing
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Bruce Smith, 57
Chairman,
Pres, CEO, Director | $2.9M | Steven Grapstein, 43
Vice
Chairman, Director | -- | Gregory Wright, 51
CFO,
Sr. VP | -- | William Van Kleef, 49
COO,
Exec. VP | 1.7M | James Reed, Jr., 56
Exec.
VP, Gen. Counsel, Sec. | 935K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tso.gif)