| | Business Summary | | Tosco
Corporation
is
a
refiner
and
marketer
of
petroleum
products
in
the
United
States.
Tosco
operates
nine
refineries,
with
the
capacity
to
process
approximately
1,350,000
barrels
per
day
of
crude
oil,
feedstocks
and
blendstocks
into
various
petroleum
products.
Through
its
retail
distribution
network,
Tosco
sells
approximately
6.7
billion
gallons
of
fuel
annually.
Tosco
also
engages
in
related
commercial
activities
throughout
the
United
States
and
internationally.
The
Company's
refining
and
marketing
business
is
managed
and
operated
through
two
divisions,
Tosco
Refining
Company
and
Tosco
Marketing
Company.
On
February
4,
2001,
Tosco
entered
into
an
agreement
and
plan
of
merger
with
Phillips
Petroleum
Company,
in
which
Tosco
will
become
a
wholly
owned
subsidiary
of
Phillips.
The
transaction
is
expected
to
close
by
the
end
of
the
third
quarter
of
2001. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | TOS
is
a
refiner
and
marketer
of
petroleum
products,
primarily
on
the
East
and
West
Coasts
of
the
U.S.
TOS
also
operates
convenience
stores.
For
the
six
months
ended
6/30/01,
net
sales
increased
29%
to
$13.19
billion.
Net
income
applicable
to
Common
increased
70%
to
$373.3
million.
Revenues
benefitted
from
acquisitions
and
higher
petroleum
product
prices.
Net
income
also
reflects
decreased
S/G/A
and
operating
expenses
as
a
percentage
of
revenues. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas O'Malley, 59
Chairman
and CEO | $18.2M | $6.3M | Jefferson Allen, 56
Pres,
CFO | 9.8M | 3.1M | Wilkes McClave, III, 53
Exec.
VP, Gen. Counsel, Sec. | 7.1M | 1.7M | Robert Lavinia, 54
Exec.
VP of Tosco and Pres of Tosco Marketing Company | 8.2M | -- | Dwight Wiggins, 60
Exec.
VP of Tosco and Pres of Tosco Refining Company | 8.1M | -- | | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tos.gif)