SAN ANTONIO – Tesoro Corporation and Tesoro Logistics LP on Thursday announced that the companies will change their names to Andeavor and Andeavor Logistics LP, respectively.
A Tesoro spokesperson said the changes will have no significant impact on local jobs and the company's headquarters will remain in San Antonio.
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"We are announcing a new name to reflect the company's ongoing transformation," said Greg Goff, Chairman, president and CEO. "The change to Andeavor acknowledges the significant progress we've made in becoming a premier refining, marketing and logistics company, and signals our aspiration to continue creating greater value for our stakeholders."
The companies also unveiled new logos and ticker symbols.
The name changes go into effect Aug. 1.
After Aug. 1, Andeavor will continue to license the Tesoro brand to retail stations that currently utilize it.
The company does not intend to make the Andeavor name part of its retail portfolio, which will include approximately 3,000 locations following the Western Refining acquisition.
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