Tesoro Petroleum Inc fka TSO

[OilStockReport]

Some more recent information on TSO in case you're interested...

Oil refiners saw a little dip in the markets due to decreased oil demand and supply. However, now that oil prices are beginning to see a bit of a turn around, refiners are starting to see business picking back up. There has been more positive news in the oil markets lately, and luckily these refiners are a part of that good news. Paul Ausick tells us which companies are seeing the benefits and how they are benefiting.



Refiner Tesoro Corp. (NYSE: TSO) reported third-quarter EPS last night of $2.39, some $0.41 above the consensus estimate. The largest US refiner, Valero Energy Corp. (NYSE: VLO), posted EPS for the third-quarter of $2.11, well above estimates of $1.80. Marathon Petroleum Corp. (NYSE: MPC) reported EPS for the quarter of $3.16, way above estimates of $2.44. Refining margins also boosted earnings for the major integrated oil giants BP plc (NYSE: BP), Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), and ConocoPhillips Corp. (NYSE: COP).


Murphy Oil Co. (NYSE: MUR) reported EPS of $1.73, excluding discontinued operations, compared with a consensus estimate of $1.18. The company attributed the increase to higher prices for its crude production and higher refining margins. Exploration & production revenue rose about 40%, while refining & marketing revenue rose more than 52%.


Watch oil prices closely, they strongly effect the markets, including those refiners out there. The news has been good, lets hope it stays that way so these refiners can remain on top for a bit longer than the recent status quo.