Tesoro Corporation

(NYSE:TSO)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	8,698,000	8,754,000	6,531,000	6,533,000
Operating Revenue	8,698,000	8,754,000	6,531,000	6,533,000
Adjustments To Revenue	—	—	—	—
Cost Of Sales	8,062,000	8,559,000	6,530,000	6,399,000
Cost Of Sales With Depreciation	8,065,000	8,561,000	6,533,000	6,399,000
Gross Operating Profit	636,000	195,000	1,000	134,000
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	68,000	58,000	52,000	74,000
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	568,000	137,000	-51,000	60,000
Operating Income	452,000	27,000	-158,000	-49,000
Depreciation	102,000	101,000	93,000	102,000
Depreciation Unreconciled	99,000	99,000	90,000	102,000
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	466,000	36,000	-144,000	-42,000
Non Operating Expenses
Interest Expense	30,000	34,000	27,000	20,000
Pre Tax Income	425,000	-2,000	-138,000	-65,000
Income Taxes	166,000	-6,000	-56,000	-25,000
Minority Interest	—	—	—	—
Income Before Income Taxes	425,000	-2,000	-138,000	-65,000
Net Income From Continuing Operations	259,000	4,000	-82,000	-40,000
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	259,000	4,000	-82,000	-40,000
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	259,000	4,000	-82,000	-40,000
Normalized Income	259,000	4,000	-82,000	-40,000
NetIncome Available For Common	259,000	4,000	-82,000	-40,000
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Operating revenue
Total Revenue	21,915,000	18,104,000	16,581,000	12,262,200
Operating Revenue	21,915,000	18,104,000	16,581,000	12,262,200
Adjustments To Revenue	—	—	—	—
Cost Of Sales	20,296,000	16,299,000	15,153,000	11,210,800
Cost Of Sales With Depreciation	20,308,000	16,314,000	15,170,000	11,228,500
Gross Operating Profit	1,619,000	1,805,000	1,428,000	1,051,400
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	263,000	176,000	179,000	152,300
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	1,356,000	1,629,000	1,249,000	899,100
Operating Income	967,000	1,317,000	1,027,000	713,200
Depreciation	369,000	262,000	203,000	171,800
Depreciation Unreconciled	357,000	247,000	186,000	154,100
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	987,000	1,367,000	1,046,000	727,300
Non Operating Expenses
Interest Expense	95,000	77,000	211,000	166,600
Pre Tax Income	905,000	1,286,000	831,000	546,600
Income Taxes	339,000	485,000	324,000	218,700
Minority Interest	—	—	—	—
Income Before Income Taxes	905,000	1,286,000	831,000	546,600
Net Income From Continuing Operations	566,000	801,000	507,000	327,900
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	566,000	801,000	507,000	327,900
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	566,000	801,000	507,000	327,900
Normalized Income	566,000	801,000	507,000	342,000
NetIncome Available For Common	566,000	801,000	507,000	327,900
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—