Trading under Andeavor, Andeavor Logistics

Tesoro Corp. and Tesoro Logistics LP have begun trading under Andeavor and Andeavor Logistics with the opening of the New York Stock Exchange Aug. 1. The new ticker symbols are ANDV and ANDX; previous ticker symbols, TSO and TLLP, have been retired, the companies said.

“Our name change to Andeavor acknowledges the significant progress” in transforming the company, Greg Goff, chairman, president and CEO of Andeavor said in a statement.

Andeavor is an integrated marketing, logistics and refining company with more than 3,200 retail stations and ownership in two logistics businesses, Andeavor Logistics LP and Western Refining Logistics LP.

Andeavor operates 10 refineries with combined capacity of some 1.2 million barrels per day in the midcontinent and western United States.

Andeavor Logistics operates primarily in the western and midcontinent regions where it owns and operates a network of crude oil, refined products and natural gas pipelines. It also owns and operates crude oil and refined products truck terminals, marine terminals and storage facilities, along with natural gas processing and fractionation complexes.

- Petroleum News