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Tesoro expects to hit Wall St. earnings forecast

Wed May 24, 2006 2:28pm EDT

Reporter's Notebook

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NEW YORK (Reuters) - Tesoro Petroleum Corp. expects to meet Wall Street's 2006 consensus earnings forecast of $8 a share, the refiner's chief financial officer said on Wednesday.

"$8 is certainly doable," Tesoro CFO Gregory Wright told the Reuters Global Energy Summit in New York.

The company also remains interested in buying refineries, but wants to keep its debt-to-capital ratio under 50 percent, Wright said.

 
 
 
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