While Tesoro (NYSE: TSO ) did miss on normalized earnings per share this past quarter, coming in at $1.34 rather than the expected $1.41, in this video, Motley Fool energy analyst Joel South looks at other positives to highlight from the company's earnings report. The company was able to increase revenue to $8.2 billion in addition to improving margins due to the current availability of cheap WTI-benchmarked crude. Joel also discusses Tesoro's plan to gain a long-term competitive advantage by securing discounted feedstock for its West Coast refineries.
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