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  • Tesoro Corporation and Tesoro Logistics LP Become Andeavor and Andeavor Logistics LP
    édité le 01/08/2017 - Plus de news de "Andeavor" - Voir la fiche entreprise de "Andeavor"

Tesoro Corporation and Tesoro Logistics LP Become Andeavor and Andeavor Logistics LP
Tesoro Corporation and Tesoro Logistics LP announced that the Companies changed their names to Andeavor and Andeavor Logistics LP. The Companies will begin trading under their new ticker symbols upon today's opening of the New York Stock Exchange (NYSE). The Companies' previous ticker symbols, TSO and TLLP, have been retired.

"Our name change to Andeavor acknowledges the significant progress we have made in transforming the Company over the last several years and the opportunities we see ahead," said Greg Goff, Chairman, President and CEO of Andeavor. "Through strong execution, financial discipline, strategic growth and the remarkable commitment of our employees, we have continually created significant value for our stakeholders."

To mark the name changes, members of the Companies' executive management are ringing today's opening bell at the NYSE.

"While our name has changed, the same strategic priorities and guiding principles that enabled us to reach this important milestone today will continue to serve as the foundation for how we conduct business in the future," Goff said. "We will continue to focus on optimizing our highly integrated marketing, logistics and refining system, caring for the communities where we operate, aiming to achieve the best safety and environmental performance in the industry and investing in our people."

About Andeavor

Andeavor (NYSE: ANDV) is a premier, highly integrated marketing, logistics and refining company. Andeavor's retail-marketing system includes more than 3,200 retail stations marketed under multiple well-known fuel brands, including ARCO®, SUPERAMERICA®, Shell®, Exxon®, Mobil®, Tesoro®, USA Gasoline(TM) and Giant®. It also has ownership in two logistics businesses, which include Andeavor Logistics LP and Western Refining Logistics, LP (NYSE: WNRL) and ownership of their general partners. Andeavor operates 10 refineries with a combined capacity of approximately 1.2 million barrels per day in the mid-continent and western United States.

About Andeavor Logistics LP

Andeavor Logistics LP (NYSE: ANDX) is a leading full-service logistics company operating primarily in the western and midcontinent regions of the United States. Andeavor Logistics owns and operates a network of crude oil, refined products and natural gas pipelines. Andeavor Logistics also owns and operates crude oil and refined products truck terminals, marine terminals and dedicated storage facilities. In addition, Andeavor Logistics owns and operates natural gas processing and fractionation complexes. Andeavor Logistics is a fee-based, growth oriented Delaware limited partnership formed by Andeavor and is headquartered in San Antonio, Texas.

Origine : Communiqué Andeavor

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