Andeavor is leveraging its integrated model to drive earnings growth.
Andeavor reported somewhat disappointing earnings as the refining segment incurred unanticipated one-time charges that weighed on earnings. Total earnings for the quarter totaled $879 million compared with $78 million the year before, but included a benefit of $918 million related to tax reform. Segment operating income increased to $375 million from $335 million last year on improvements in the marketing and logistics segments, which offset a decline in the refining segment. The refining segmen...Andeavor is an independent petroleum refining and marketing company. The company has three segments: Marketing, which sells gasoline and diesel fuel in the western and mid-continent U.S. through Retail, Branded, and Unbranded channels along with convenience store products; Refining, which buys and refines crude oil and other feedstocks into transportation fuels; and Logistics, which transports, stores and distributes crude oil, feedstocks and refined products through its terminals and pipelines or terminals and pipelines owned by Andeavor Logistics LP and third-parties in its market areas as well as through purchases and exchange arrangements with other refining and marketing companies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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