2 February 2016
DETAILS
Tesoro Corporation Reports Fourth Quarter and
Record Full Year Results for 2015
-
Record full year net earnings
from continuing operations of $1.5 billion,
or $12.39 per diluted share -
Excluding special items, adjusted earnings for 2015
were $1.7 billion, or $13.91 per diluted share -
Adjusted EBITDA for the quarter was $665 million
and adjusted earnings were $221 million,
or $1.83 per diluted share -
Record marketing segment performance
for the year with operating income of $899 million -
Estimated improvements of approximately
$670 million in 2015 -
Returned $872 million to shareholders for the year,
including $209 million in the quarter
Chairman and CEO
"2015 was a record year for EBITDA,
net income and earnings per share,
despite a challenging fourth quarter"
"We continued to strengthen our business as we estimate
that we delivered approximately $670 million of improvements
in 2015.
We generated solid free cash flow and returned over $870 million
to shareholders in the form of dividends and share repurchases.
Going into 2016, we remain focused on
* driving strong operating performance and
*executing on our business plans
in a challenging business environment."
WWW.CHEMWINFO.COM BY KHUN PHICHAI
