Tsunami Potential: Tesoro cautiously monitors operations in Alaska, Hawaii following earthquake in Japan

Source: Tesoro Corporation

US refiner Tesoro Corporation (NYSE:TSO) is monitoring activities at its subsidiaries' operations as the result of tsunami wave activity from the earthquake in Japan. Initial reports are that there has been no impact to our refining operations in Hawaii and Alaska.

A few retail stations in low lying areas of Hawaii have been closed and employees evacuated as a precaution. Those stations will reopen once deemed safe following a safety assessment.

"As part of our safety process we are watching the activity around the refinery", said Vice President, Environment Health Safety & Security, Karma Thomson. "As needed, we are adjusting our operations to ensure the safety of employees, community and our operations."

Monitoring of operations near coasts including refineries in Hawaii, California, Washington and Alaska will continue as long as necessary.

Tesoro Corporation, a Fortune 150 company, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of approximately 665,000 barrels per day. As of December 31, 2010, our retail segment included a network of 880 branded retail stations under the Tesoro®, Shell®, USA GasolineTM and Mirastar® brands.



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