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- Fitch Ratings Places Tesoro Petroleum on Rating Watch Positive
- Business Editors CHICAGO--BUSINESS WIRE--June 7, 2004 Fitch Ratings has placed the debt ratings of Tesoro Petroleum Corporation Tesoro on Rating Watch Positive in anticipation of Tesoro's redemption of its $297.5 million of outstanding 9% senior subordinated notes. Fitch rates Tesoro's debt as follows: -- Senior secured revolving...
- Research articles 2004-06-07
- Tesoro Petroleum Signs Definitive Agreements To Sell 70 Northern California Retail Stations
- Business Editors & Energy Writers SAN ANTONIO--BUSINESS WIRE--Nov. 1, 2002 Tesoro Petroleum Corporation (NYSE:TSO) today announced that the company has signed three separate Sale and Purchase Agreements to sell 70 Northern California retail stations for $67 million in cash, which includes associated working capital estimated at $5 million....
- Research articles 2002-11-01
- Oil Refiners Start to See Silver Lining.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Oct. 26--Oil refiners say they are at last getting a break in an otherwise dismal year. Profit margins on gasoline and distillates -- which include heating oil, diesel and...
- Research articles 2002-10-26
- Government to Require Cleaner-Burning Gasoline, Diesel from Oil Refiners.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Sep. 25--The federal government will require oil refiners to begin making cleaner-burning gasoline and diesel in the next several years in order to cut smog-causing emissions. While many of...
- Research articles 2002-09-25
- Credit Ratings of Valero Energy, Tesoro Petroleum at Risk.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Aug. 30--Moody's Investors Service on Wednesday warned San Antonio's Valero Energy Corp. that it's taking a dimmer view of the company's debt because of the ongoing refining industry slump. ...
- Research articles 2002-08-30
- Two San Antonio Companies Receive Warnings from Bond Rating Services.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Aug. 29--Moody's Investors Service on Wednesday warned San Antonio's Valero Energy Corp. that it's taking a dimmer view of the company's debt because of the ongoing refining industry slump. ...
- Research articles 2002-08-29
- San Antonio, Texas, Refiner Claims Pentagon Owes $143 Million for Jet Fuel.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Jul. 12--Tesoro Petroleum Corp. filed a multimillion-dollar lawsuit last month that accuses the Pentagon of underpaying for the company's jet fuel over a 16-year period. The San Antonio refiner's complaint, seeking...
- Research articles 2002-07-12
- San Antonio, Texas-Based Petroleum Firm Files Suit Against Defense Department.
- Anchorage Daily News, Alaska Knight Ridder/Tribune Business News Jul. 13--San Antonio, TEXAS--Tesoro Petroleum Corp. is seeking more than $143 million from the Defense Department in a lawsuit that accuses the Pentagon of underpaying for jet fuel for 16 years. Tesoro's lawsuit is...
- Research articles 2002-07-13
- Stockholders, Analysts Leery of Competitive Effort by Tesoro Petroleum.
- By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News Jun. 17--Tesoro Petroleum Corp. is twice the refiner it was a year ago, and a much bigger debtor. Wary investors and industry analysts are watching to see if the San ...
- Research articles 2002-06-17
- Fitch Ratings Revises Outlook On Tesoro Petroleum To Negative
- Business Editors CHICAGO--BUSINESS WIRE--May 14, 2002 Fitch Ratings has revised the Rating Outlook on the debt of Tesoro Petroleum Corporation to Negative from Stable. Fitch rates Tesoro's senior secured credit facility 'BB' and subordinated debt 'B+'. Although Fitch remains comfortable with Tesoro's current ratings, the unexpected changes in...
- Research articles 2002-05-14
- Oil Company May Shelve Refinery Deal Near Martinez, Calif.
- By Rick Jurgens, Contra Costa Times, Walnut Creek, Calif. Knight Ridder/Tribune Business News May 3--Tesoro Petroleum Corp., hit by slumps in its gasoline and heating oil businesses, could abandon its $1.13 billion purchase of the Golden Eagle refinery near Martinez, although Valero Energy...
- Research articles 2002-05-03
- Tesoro Petroleum Corporation Announces Revised Terms for Golden Eagle Acquisition; Over $100 Million in Economic Improvement; Reduced Initial Cash Outlay of $200 Million
- Business Editors SAN ANTONIO--BUSINESS WIRE--May 6, 2002 Tesoro Petroleum Corporation (NYSE:TSO) today announced amended terms for the purchase of Valero Energy Corporation's (NYSE:VLO) Golden Eagle refinery and 70 associated retail sites, improving the economic terms of the transaction to Tesoro by more than $100 million and reducing the...
- Research articles 2002-05-06
- San Antonio, Texas-Based Valero Energy Has First Quarterly Loss Since 1999.
- By Travis E. Poling, San Antonio Express-News Knight Ridder/Tribune Business News May 1--Warm weather in the Northeastern states, a drop in air travel and shallow discounts on sour crude oil led Valero Energy Corp., the nation's largest independent oil refiner, to its first ...
- Research articles 2002-05-01
- Fitch Ratings Downgrades Debt of Tesoro Petroleum Corp.'s
- Business Editors CHICAGO--BUSINESS WIRE--April 2, 2002 Fitch Ratings has downgraded the debt of Tesoro Petroleum Corporation Tesoro in expectation of the company's acquisition of Valero's 168,000-bpd Golden Eagle refinery and 70 associated marketing sites. Fitch downgraded Tesoro's senior secured credit facility to 'BB' from 'BB+' and the company's...
- Research articles 2002-04-02
- Spencer Stuart/Directors & Boards Directors Roster.
- 1-800-ATTORNEY INC. 186 Attorneys.com Court Lake Helen, FL 32744 has added to its board: George R. Boltres Jr. Partner TIEDEMANN INVESTMENT GROUP 535 Madison Avenue, 37th Floor New York, NY 10022 ...
- Research articles 2002-03-22
- Losses May Grow at San Antonio, Texas-Based Tesoro Petroleum.
- By Travis E. Poling, San Antonio Express-News Knight Ridder/Tribune Business News Feb. 22--Tesoro Petroleum Corp. is expecting first-quarter losses to be more than the anticipated 9 cents per share because profit margins on refining are lower and a plant in Washington is...
- Research articles 2002-02-22
- Valero and Tesoro Announce Golden Eagle Acquisition Terms Updated
- Business Editors & Energy Writers SAN ANTONIO--BUSINESS WIRE--Feb. 21, 2002 Officials of Valero Energy Corporation (NYSE:VLO) and Tesoro Petroleum Corporation (NYSE:TSO) today announced amended terms for Tesoro's purchase of the 168,000 barrel-per-day BPD Golden Eagle Refinery and 70 associated retail sites in Northern California. The original terms...
- Research articles 2002-02-21
- Fitch Ratings Places Tesoro's Debt On Rating Watch Negative
- Business Editors CHICAGO--BUSINESS WIRE--Feb. 6, 2002 Fitch Ratings has placed the debt of Tesoro Petroleum Corporation Tesoro on Rating Watch Negative following the company's announcement it will acquire Valero's 168,000-bpd Golden Eagle refinery and 70 associated marketing sites for $945 million plus working capital estimated at $130 million....
- Research articles 2002-02-06
- Tesoro Agrees to Purchase the Golden Eagle Refinery And 70 Retail Sites From Valero
- Business Editors & Energy Writers SAN ANTONIO--BUSINESS WIRE--Feb. 5, 2002 Tesoro Petroleum Corporation (NYSE:TSO) announced today that it has reached a definitive agreement to acquire the 168,000 barrel-per-day Golden Eagle refinery located in the San Francisco Bay Area of California along with 70 associated retail sites throughout Northern...
- Research articles 2002-02-05
- Texas Oil Firm to Purchase Golden Eagle Refinery in Avon, Calif.
- By Rick Jurgens, Contra Costa Times, Walnut Creek, Calif. Knight Ridder/Tribune Business News Feb. 5--Tesoro Petroleum Corp. of San Antonio has agreed to buy the Golden Eagle refinery in Avon in a deal that will mark the third change of ownership since...
- Research articles 2002-02-05
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