Tesoro's SVP of Manufacturing Resigns

    Business Editors/Energy Editors

    SAN ANTONIO--(BUSINESS WIRE)--Feb. 4, 2005--Tesoro Corporation (NYSE:TSO) today announced that Senior Vice President of Manufacturing Jim Taylor has resigned to pursue other interests. Bill Finnerty, Executive Vice President of Operations, will assume his responsibilities until a successor is named.
    "Over the past four years, Tesoro has doubled its number of refineries to six, and Jim has played a key role in integrating these facilities into our overall system," said Finnerty. "We wish him well in his future endeavors."
    Tesoro Corporation, a Fortune 500 Company, is an independent refiner and marketer of petroleum products. Tesoro operates six refineries in the Western United States with a combined capacity of nearly 560,000 barrels per day. Tesoro's retail-marketing system includes over 500 branded retail stations, of which more than 200 are company operated under the Tesoro(R) and Mirastar(R) brands.

--30--BD/sa*

CONTACT: Tesoro Corporation, San Antonio Investors: John Robertson, 210-283-2687 or Media: Tara Ford Payne, 210-283-2676

KEYWORD: TEXAS INDUSTRY KEYWORD: OIL/GAS ENERGY CONSUMER/HOUSEHOLD RETAIL MANAGEMENT CHANGES SOURCE: Tesoro Corporation

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