Tesoro changing name to 'Andeavor' after acquisition of Western Refining

Tesoro Corporation will change its name to Andeavor after acquiring the oil refiner and marketer Western Refining in a $4.1 billion deal.

AP reports the deal closed recently, and will double Tesoro's nationwide workforce to 13,000 employees.

Tesoro Government and Public Affairs Manager, Kate Blair, says the change won't affect the 225 employees at the Nikiski refinery.
The name and logo change is only on a corporate level, and will not be implemented into local gas stations and retail stores.

In a quote from their website, Andeavor says "the name change acknowledges the significant progress we have made, and signals our aspiration to continue establishing Andeavor as a premier refining, marketing, and logistics company."

The name change is set to take place on August 1st of this year.