US refiner Tesoro says debt-cutting goal on track

摘要

Debt-heavy US independent refiner Tesoro Petroleum is on track to meet a US500-mil debt-reduction goal after strong first-quarter earnings helped cut debt by US76-mil, company officials said Apr 30. This means the company has cut debt by about US200-mill since announcing the US500-mil goal last June, officials said during an Apr 30 conference call.