Posted at 9:04 a.m., Thursday, November 2, 2006
Tesoro 3rd quarter profit up 21 percent to $274M
Advertiser Staff
Tesoro Corp., owner of the state's second-largest oil refinery, said third-quarter net income climbed 21 percent to $274 million from a year earlier. The company said it would have earned more if not for an after-tax charge of $17 million.The San Antonio, Texas-based company said sales rose to $5.28 billion, or 5 percent more than the similar three-month period a year earlier.
The company said yield at the Hawaii refinery increased to 90,000 barrels per day from 89,000 last year as it produced more gasoline and diesel fuel.
