Tesoro Hopes for Continued Operational Success

| About: Tesoro Corporation (TSO)
Tesoro (NYSE:TSO) discussed its strategic plan, and provided guidance for 2007 volumes and corporate items, as well as on its capital budget.

In summary, Tesoro has achieved some operational success in the past year, and looks to organic projects to enhance future operational performance. In 2007, analysts project modest improvement in controllable aspects of Tesoro’s business through increased crude feedstock flexibility, improved reliability, and reduced unit costs. Capital projects are underway to boost yields and reduce costs throughout the refining system.

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