Our Journey
Continues...

Tesoro has acquired Western Refining and will adopt a new name, Andeavor, effective August 1, 2017. Our continuing evolution, driven by the extraordinary efforts of our employees and the addition of outstanding talent and assets, has transformed our Company. Our new name acknowledges the significant progress we have made and signals our aspiration to continue establishing Andeavor as a premier refining, marketing and logistics company. We aim to be better in every way - for our people, our customers, our shareholders, our business partners and our communities. You can learn more about our new name and logo here.

A Message
from the CEO

I want to share with you some exciting news about our Company. On August 1, we will adopt a new name. We will become Andeavor.


The change in our name has its roots in our decision some years ago to create a special Company, one that delivers ever greater value to all our stakeholders by bringing out the best in each other. Our rapid evolution, growth and improved performance have remade our enterprise into a premier refining, marketing and logistics company.


With our acquisition of Western Refining on June 1, we now have 1.1 million barrels of refining capacity, 13,000 employees, more than 3,000 retail locations, an extensive logistics system, a track record of performance, and a solid platform for growth for years to come.


We believe our transformation is an opportunity to redefine ourselves in a way that captures the spirit of how far we've come and what we still hope to achieve.


On August 1, the Andeavor name will be applied to our refining, marketing and logistics businesses as well as Tesoro Logistics, which will become Andeavor Logistics.


Our stock ticker symbols will change to ANDV for Andeavor and ANDX for Andeavor Logistics. You won't see Andeavor at a gas station or convenience store, because we'll continue with our successful multi-brand retail strategy.


It's important for you to know that some things won't change, such as our steadfast commitments to safety, environmental responsibility, and to being a good employer and responsible member of the communities where we operate.


We hope that you come to see Andeavor as a sign of our aspiration to make our Company better in every way.


Sincerely,

Greg

Greg Goff

Chairman, President and Chief Executive Officer

Who is Andeavor?

As our Company continues to grow, our new name reflects the significant progress we've made and the journey we're continuing on. This is Andeavor by the numbers:

  • Number of Refineries: 10
  • Refining Capacity: More than 1.1 Million BPD
  • Employee Count: More than 13,000
  • Retail Sites: Approximately 3,000
  • Barrels of Storage Capacity: More than 46 Million
  • Miles of Pipelines: More than 4,800
  • Marine, Rail and Storage Terminals: 39
  • Natural Gas Processing Complexes: 6
  • States Where We Operate: 18

*stats above include Tesoro, Tesoro Logistics and Western Refining Logistics

Download Fact Sheet
  • View All
  • Refineries
  • Logistics
  • Retail
  • Offices
All LocationsRefineriesLogisticsRetailOffices

What's Not Changing?

Our name might be changing but the essential principles that got us here will remain the same as we move forward. We'll continue to view every day as an opportunity to work together to bring out the best in each other.

Safety

Safety

Safety is and always will be a Core Value at Andeavor. We will continue to strive to achieve our ultimate goal of an incident-free workplace - for ourselves, for the families that sustain us and for the communities that surround us.

Community

Community

We remain dedicated to fostering mutually beneficial relationships in the communities where we operate, investing resources to make a positive difference in the lives of others through education, public safety and environmental sustainability. Our commitment to Shared Value motivates us to be active, involved neighbors - not only as a company, but as individuals. Investing in our communities has always been core to who we are, and that will remain.

Customer Relationships

Customer Relationships

Our focus on delivering great quality products and services to our partners and nurturing strong relationships will not change. Our goal is to deliver extraordinary service so our customers feel welcome and cared for and want to do business with us.

Strategic Priorities

Strategic Priorities

Underpinning the pillars of our business are our Strategic Priorities: Operational efficiency and effectiveness; value chain optimization across our system; financial discipline; value-driven growth; and a High-Performing Culture built around collaboration.

Performance

Performance

We believe that exceptional performance is the result of simple and thoughtful improvements every day. We are determined to be better today than yesterday, and better tomorrow than today.

Workforce

Workforce

We continue to build a team of employees that reflect the communities where we operate and the markets from which we recruit. Andeavor embraces and promotes a culture that values diversity, entrepreneurial leadership and provides equal opportunities in order to bring out the best in one another.

A Message to Investors

At Andeavor we are creating the premier, highly integrated and geographically diversified refining, marketing and logistics company in our strategic footprint. With a strong platform for earnings growth, our increased scale and diversity enables us to leverage and enhance our in-house technical capabilities, resulting in cost efficiencies that drive growth and productivity. To find out more, you can visit our Investor Relations site.

Tesoro Investors Site

Becoming Andeavor

The timeline below represents some of the key milestones in our transition to our new name. The dates here project the timing we are aiming to achieve as part of our current plans. We will continue to communicate and provide updates as we progress.

June 1, 2017

Announce Andeavor name

August 1, 2017

We will begin doing business as Andeavor, and you will start to see our new name become effective in a number of ways:

  • Tesoro and Tesoro Logistics ticker symbols will change to Andeavor - ANDV, and Andeavor Logistics - ANDX
  • Our company email addresses will be changed to Andeavor
  • Our primary external-facing website addresses will become andeavor.com and andeavorlogistics.com
  • We will launch Andeavor social media channels

August 1, 2017

We will begin doing business as Andeavor, and you will start to see our new name become effective in a number of ways:

  • Tesoro and Tesoro Logistics ticker symbols will change to Andeavor - ANDV, and Andeavor Logistics - ANDX
  • Our company email addresses will be changed to Andeavor
  • Our primary external-facing website addresses will become andeavor.com and andeavorlogistics.com
  • We will launch Andeavor social media channels

Post August 1, 2017

  • At our sites, Andeavor FRC patches and hard hats will be issued to employees systematically over time
  • Permanent sign changes will begin. Complete conversion across all sites may take up to 1 year