TOC Terminals has a 38.38 percent stake in the Montgomery terminal and 34 percent in the remaining terminals. Williams Energy Group already has 45.5 percent interest in eight of the terminals. Murphy Oil Corporation has a 20.5 percent stake in all 15 terminals, and Conoco Inc. holds the remaining interest in seven terminals. TOC Terminals is a wholly owned subsidiary of Stratus Petroleum Corporation. Stratus owns and operates petroleum distribution facilities along the Eastern Seaboard from the Florida panhandle to upstate New York.
Stratus provides throughput and storage services to petroleum refiners, marketers and jobbers.
Portions of this document may constitute forward-looking statements as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the company's annual report on Form 10-K which is filed with the Securities and Exchange Commission.