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Tesoro Corporation engages in refining and marketing petroleum products. It operates in two segments, Refining and Retail. The Refining segment processes both heavy and light crude oils and produces primarily gasoline and gasoline blendstocks, jet fuel, diesel fuel, and heavy fuel oils. It also manufactures other refined products, including liquefied petroleum gas, petroleum coke, and asphalt. As of December 31, 2008, this segment owned and operated seven petroleum refineries located in the western and mid-continental United States with a combined crude oil capacity of 665 thousand barrels per day. The Retail segment sells gasoline and diesel fuel through company-operated retail stations and third-party branded distributors in the western and mid-continental United States. As of the above date, it included a network of 389 branded retail stations primarily operated by the company under the Tesoro, Mirastar, Shell, and USA Gasolinetm names; and 490 branded stations operated by independent dealers. Tesoro Corporation markets its refined products to wholesale and retail customers, as well as commercial end-users. The company was formerly known as Tesoro Petroleum Corp and changed its name to Tesoro Corporation in November 2004. Tesoro Corporation was founded in 1939 and is based in San Antonio, Texas.

The balmy Trade Winds blow over Tesoro Hawaii, a subsidiary of Tesoro Petroleum, and operator of the 94,000-barrel-per-day Kapolei refinery on the coast of Oahu. The largest of Hawaii's two refineries, Kapolei has distillate hydrocracker, vacuum distillation, and catalytic reformer capabilities, and supplies jet and marine fuels to the trans-Pacific transportation industry that uses Hawaii as a major refueling location. It also serves the local Hawaiian market with gasoline and diesel fuels. Other products include fuel oil, liquefied petroleum gas, and liquid asphalt. The company's Hawaiian assets includes more than 30 Tesoro-branded gas stations.

Tesoro Refining and Marketing manages the refining and marketing businesses of Tesoro Corporation. The parent company's seven refineries have a capacity of 658,000 barrels per day and produce a range of motor fuels and other petroleum products. Tesoro Refining and Marketing markets fuel to 880 branded retail gas stations (including 290 company-owned stations under the Tesoro, Shell, Mirastar, and USA Gasoline brands), in Alaska, Hawaii, and 15 western states. On the wholesale side, it markets 643,000 barrels of oil products per day. It also supplies jet fuel to the vast majority of commercial airlines with routes in the West.

The history of TETCO is largely the history of one man, Tom E. Turner. In fact, the name TETCO is a combination of Mr. Turner's initials and the abbreviated form of "company." Today, Mr. Tom Turner is widely regarded as one of the most important Americans in the history of petroleum retailing. His numerous contributions to the oil and gas landscape of South Texas and the United States are legendry. In recognition of these accomplishments, Mr. Turner was inducted into the prestigious NPN Oil and Gas Industry Hall of Fame in November, 1981. A true pioneer, Mr. Turner's TETCO is the embodiment of his inexorable vision and commitment to provide the very best in service to his customers.

Thai Oil Public Company Limited, Owner and operator of a highly complex refinery which integrated in related to petrochemical production that utilizes modern processing technologies to produce petroleum products predominantly for domestic distribution, Thaioil has expanded into energy-related industries of petrochemicals and lube base production, power generation, as well as marine and pipeline transportation systems for petroleum products and petrochemicals. Owner and operator of a highly complex refinery which integrated in related to petrochemical production that utilizes modern processing technologies to produce petroleum products predominantly for domestic distribution, Thaioil has expanded into energy-related industries of petrochemicals and lube base production, power generation, as well as marine and pipeline transportation systems for petroleum products and petrochemicals.

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