Cost of closing Oahu refinery saps Tesoro profit

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Feb 07, 2013

~~<p>Expenses related to the planned closure of Tesoro's Hawaii refinery made a significant dent in the company's profit during the final three months of last year, Tesoro reported Wednesday.</p>
<p>The San Antonio-based refiner reported fourth-quarter net income of $27 million, or 19 cents a share, compared with a net loss of $124 million or 89 cents a share in the fourth quarter of 2011.</p>
~~

Expenses related to the planned closure of Tesoro's Hawaii refinery made a significant dent in the company's profit during the final three months of last year, Tesoro reported Wednesday.

The San Antonio-based refiner reported fourth-quarter net income of $27 million, or 19 cents a share, compared with a net loss of $124 million or 89 cents a share in the fourth quarter of 2011. Login for more...