Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska.
Tesoro grew through acquisitions, expanding capacity from 72,000 barrels per day to 664,000 barrels per day in 2013.
Some of the notable acquisitions include acquiring a second refinery in Hawaii in 1998, purchasing two refineries (in North Dakota and Utah) in 2001, purchasing Shell’s Los Angeles refinery and 250 gas stations in 2007, purchasing 250 Arco gas stations in 2011, and purchasing another refinery as well as the ARCO brand from BP in 2012.
Today Tesoro has 5,700 employees and $30 billion in revenue. Tesoro has over 2,200 gas stations operating under the brands Tesoro, Shell, ARCO, and USA Gasoline.
Tesoro Corporation
Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska.
Tesoro grew through acquisitions, expanding capacity from 72,000 barrels per day to 664,000 barrels per day in 2013.
Some of the notable acquisitions include acquiring a second refinery in Hawaii in 1998, purchasing two refineries (in North Dakota and Utah) in 2001, purchasing Shell’s Los Angeles refinery and 250 gas stations in 2007, purchasing 250 Arco gas stations in 2011, and purchasing another refinery as well as the ARCO brand from BP in 2012.
History
Today Tesoro has 5,700 employees and $30 billion in revenue. Tesoro has over 2,200 gas stations operating under the brands Tesoro, Shell, ARCO, and USA Gasoline.