BP's pain is Tesoro's (TSO) gain, the company agreeing to purchase the oil giant's Carson, CA...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP's pain is Tesoro's (TSO) gain, the company agreeing to purchase the oil giant's Carson, CA refinery and ARCO retail operation for about $2.5B. Tesoro (+3.2% premarket) expects the acquisition to be accretive to earnings in each of the first two years of operations. (PR)