From the San Antonio Business Journal

Tesoro Corporation (NYSE: TSO) and Tesoro Logistics LP (NYSE: TLLP) are getting new names.

The San Antonio-based companies announced that they will change their names to Andeavor and Andeavor Logistics LP, respectively.

“We are announcing a new name to reflect the company’s ongoing transformation,” said Greg Goff, Chairman, President and CEO, in a news release. “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.”

Tesoro will close on its $6.4 billion acquisition of Western Refining by market close Thursday. When that happens, it will have 1.1 million barrels of refining capacity, more than 3,000 retail stations and 13,000 employees.

The combined company will officially take the Andeavor name, along with new logos and a new stock ticker symbol, on Aug. 1. The new ticker symbol for Andeavor common shares will trade on the New York Stock Exchange under the symbol ANDV, and Andeavor Logistics LP common units will trade under the symbol ANDX. The new name will not extend to the company’s retail locations, which will continue to carry the Tesoro brand. The company also launched a new website for the Andeavor brand.

“While our name is changing, our strategic priorities, financial discipline, guiding principles and the foundational elements of how we operate remain the same,” Goff said. “We will continue to focus on optimizing our highly integrated refining, marketing and logistics system, caring for the communities where we operate, aiming to achieve the best safety and environmental performance in the industry and investing in our people and assets.”

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