Tesoro Corporation Mergers and Acquisitions


Tesoro Corporation

300 Concord Plaza Drive
San Antonio, TX 78216
United States
Tel:1/210/283-2000
URL: http://www.tsocorp.com
Primary Symbol & Exchange:
TSO - Common Stock - New York Stock Exchange
Industry:
Oil & Gas
Tesoro Corporation Company Snapshot

Tesoro Corporation Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

Tesoro Corporation M&A History


Tracinda Corp withdraws offer for minority stake in Tesoro Corp Tracinda Corp withdraws offer for minority stake in Tesoro CorpOct 26, 2007

US - Tracinda Corp withdrew its plans to launch an unsolicited tender offer to raise its stake to ##.##% from #.##%, by acquiring a ##.##% stake, or ##.### mil common shares, in Tesoro Corp, a manufacturer and

Tesoro Corp acquires Shell Oil Prod -Refinery Asts from Royal Dutch Shell PLC Tesoro Corp acquires Shell Oil Prod -Refinery Asts from Royal Dutch Shell PLCMay 11, 2007

US - Tesoro Corp acquired the Los Angeles Refinery and other related assets of Shell Oil Products US, a manufacturer of petroleum products, and unit of the Shell Oil Products US subsidiary of Royal Dutch Shell PLC's Shell Oil CO

Tesoro Corp acquires USA Petroleum Corp-Retail from USA Petroleum Corp Tesoro Corp acquires USA Petroleum Corp-Retail from USA Petroleum CorpMay 01, 2007

US - Tesoro Corp acquired ### retail sites of USA Petroleum Corp, an owner and operator of retail gasoline stations, for $### mil. The transaction had been subject to regulatory approval.

Gull Industries Inc acquires Tesoro Refining Mktg-Fuel Svc from Tesoro Corp Gull Industries Inc acquires Tesoro Refining Mktg-Fuel Svc from Tesoro CorpJun 28, 2006

US - Gull Industries Inc acquired # fuel service stations of Tesoro Refining & Marketing Co, an owner and operator of fuel service stations, and a unit of Tesoro Corp. Terms were not disclosed.

Tesoro Corp acquires Kauai Petroleum Co Ltd (pending) Tesoro Corp acquires Kauai Petroleum Co Ltd (pending)May 05, 2006

US - Tesoro Petroleum Corp definitively agreed to acquire Kauai Petroleum Co Ltd, a manufacturer of petroleum products. Terms were not disclosed. The transaction was subject to due diligence completion.

MYOB LLC acquires Tesoro Petroleum Corp-Retail S from Tesoro Corp (pending) MYOB LLC acquires Tesoro Petroleum Corp-Retail S from Tesoro Corp (pending)Apr 21, 2006

US - MYOB LLC agreed to acquire the thirteen retail sites of Tesoro Petroleum Corp, a refiner and wholesaler of crude oil and petroleum products. The transaction was subject to customary closing conditions and regulatory approvals.

Martin Midstream Partners LP acquires Tesoro Marine Svcs-Cert Asts from Tesoro Corp Martin Midstream Partners LP acquires Tesoro Marine Svcs-Cert Asts from Tesoro CorpDec 23, 2003

US - Martin Midstream Partners LP acquired certain assets of Tesoro Marine Services LLC (TM), a provider of marine fueling services and a unit of Tesoro Petroleum Corporation, for $##.# mil. The assets were to include marine transportation assets, terminalling

Midstream Fuel Services LLC acquires Tesoro Marine Svcs-Fuel Oil from Tesoro Corp Midstream Fuel Services LLC acquires Tesoro Marine Svcs-Fuel Oil from Tesoro CorpDec 23, 2003

US - Midstream Fuel Services LLC, a unit of Martin Resource Management Corp, acquired the fuel oil distribution business of Tesoro Marine Services LLC (TM), a provider of marine fueling services and a unit of Tesoro Petroleum Corporation, for an estimated

Kaneb Pipe Line Partners LP acquires Tesoro Petroleum-Refined Petro from Tesoro Corp Kaneb Pipe Line Partners LP acquires Tesoro Petroleum-Refined Petro from Tesoro CorpDec 26, 2002

US - Kaneb Pipe Line Partners LP, a majority-owned unit of Xanser Corp, acquired the refined petroleum products pipeline system of Tesoro Petroleum Corp (TPC), a manufacturer and wholesaler of petroleum products, for $### mil in cash. Concurrently, Williams Energy

Undisclosed Acquiror acquires Tesoro-Gas Stations,CA(70) from Tesoro Corp Undisclosed Acquiror acquires Tesoro-Gas Stations,CA(70) from Tesoro CorpDec 20, 2002

US - Tesoro Petroleum Corp, a manufacturer and wholesaler of petroleum products, divested ## gas stations, located in Northern California, to an undisclosed acquiror for $## mil in cash. The stations were acquired earlier this year from Valero Energy Corp.

Williams Energy Partners LP withdraws offer for Tesoro Petroleum-Refined Petro Williams Energy Partners LP withdraws offer for Tesoro Petroleum-Refined PetroAug 26, 2002

US - Williams Energy Partners LP, a majority-owned unit of Williams Cos Inc, withdrew its agreement to acquire a refined petroleum products pipeline system from Tesoro Petroleum Corp (TPC), a manufacturer and wholesaler of petroleum products, for $### mil. Subsequently

Tesoro Petroleum Corp acquires Valero Energy Corp-Golden from Valero Energy Corp Tesoro Petroleum Corp acquires Valero Energy Corp-Golden from Valero Energy CorpMay 17, 2002

US - Tesoro Petroleum Corp (TPC) acquired the Golden Eagle refinery (GER) from Valero Energy Corp (VEC), a provider of petroleum refining services, for a sweetened $#.### bil. The consideration consisted of $#.### bil and $### mil in junior

Tesoro Petroleum Corp acquires Gull Industries Inc-Pacific NW from Gull Industries Inc Tesoro Petroleum Corp acquires Gull Industries Inc-Pacific NW from Gull Industries IncNov 07, 2001

US - Tesoro Petroleum Corp acquired the Pacific Northwest petroleum marketing assets, located in Washington, Oregon, and Idaho, from Gull Industries Inc, an owner and operator of gas stations and convenience stores.

Tesoro Petroleum Corp acquires British Petroleum-Oil Refiner from BP PLC Tesoro Petroleum Corp acquires British Petroleum-Oil Refiner from BP PLCSep 06, 2001

US - Tesoro Petroleum Corp acquired two oil refineries from BP PLC, UK oil and gas exploration and distribution company, for $### mil. The oil refineries were located in Mandan, North Dakota and Salt Lake City, Utah.

Tesoro Petroleum Corp acquires Gary-Williams Retail Co-Gas(8) from Gary-Williams Retail Co (pending) Tesoro Petroleum Corp acquires Gary-Williams Retail Co-Gas(8) from Gary-Williams Retail Co (pending)May 26, 2000

US - Tesoro Petroleum Corp agreed to acquire # western US gas stations from Gary-Williams Retail Co, a gasoline service station owner and operator. Terms were not disclosed.

BG International Ltd acquires Tesoro Bolivia from Tesoro Corp BG International Ltd acquires Tesoro Bolivia from Tesoro CorpDec 30, 1999

BOLIVIA - BG International PLC, a unit of BG PLC, acquired Tesoro Bolivia Petroleum Co{Tesoro Bolivia}, oil and gas exploration and production company, a unit of Tesoro Petroleum Corp, for ###.### mil Bolivia bolivianos ($### mil US) in cash.

EEX Corp(ENSERCH Corp) acquires Tesoro Petro-Domestic Expl Ops from Tesoro Corp EEX Corp(ENSERCH Corp) acquires Tesoro Petro-Domestic Expl Ops from Tesoro CorpOct 15, 1999

EEX Corp, a majority-owned unit of ENSERCH Corp, acquired the domestic exploration and production operations of Tesoro Petroleum Corp for $### mil in cash.

Tesoro Marine Services LLC acquires BP Marine-Marine Fuel Ops from BP PLC Tesoro Marine Services LLC acquires BP Marine-Marine Fuel Ops from BP PLCMay 10, 1999

Tesoro Marine Services, a unit of Tesoro Petroleum Corp, agreed to acquire the west coast marine fuel operations of BP Marine, a unit of BP Amoco PLC.

Tesoro Exploration and Prodn acquires Bligh Petroleum-Oil,Gas Asts from Horizon Oil Ltd Tesoro Exploration and Prodn acquires Bligh Petroleum-Oil,Gas Asts from Horizon Oil LtdSep 28, 1998

Tesoro E&P, a unit of Tesoro Petroleum, acquired the oil and gas exploration and production assets of Bligh Petroleum, a unit of Bligh Oil & Minerals, for $##.# mil.

Tesoro Exploration and Prodn acquires Sheridan Energy-Texas Oil Ppty from Calpine Corp Tesoro Exploration and Prodn acquires Sheridan Energy-Texas Oil Ppty from Calpine CorpAug 10, 1998

Tesoro E&P, a unit of Tesoro Petroleum, acquired a ##% working interest in the Stiles Ranch field, located in Wheeler County, Texas, and a ##% working interest in the Tesoro prospect, located in Zapata County, Texas, from Sheridan Energy

Tesoro Corporation M&A Summary


Tesoro Corporation has made 15 acquisitions while taking stakes in 6 companies. Tesoro Corporation has 20 divestitures during this period.
YearAcquisitionsStakesDivestitures
2009000
2008000
2007200
2006001
2005000
2004000
2003002
2002102
2001200
2000000
1999002
1998610
1997021
1996212
1995100
1994010
1993000
1992002
1991001
1990001
1989000
1988002
1987002
1986000
1985001
1984000
1983111
Total15620

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