to be addressed. Chevron Corp. developed the “keep it clean and dry” policies, and dubbed them “housekeeping.” Other examples of best practices policies will be further discussed in the Dupont portion of this paper.History and Current EventsTosco is based in Stamford, Connecticut. It is one of the largest independent oil refineries and marketers of petroleum products in the United States. Their current annualized revenues total more than twelve billion dollars, as stated in the 1998 annual report. Their refining system produces approximately 950,000 barrels per day of petroleum products. Tosco’s refining division converts crude oil and other feedstock’s into finished petroleum products. The most valuable products are clean fuels such as gasoline, diesel fuel, jet fuel, and heating oil. Tosco’s mission is to maximize long-term investments value to their shareholder’s, while providing quality products and services to their customers at competitive prices. They are also committed to having a safe and challenging work environment for their employees, and have a meaningful contribution to their local communities.The constant shifting supply and demand for raw materials and refined products have created volatile profit margins in the refinery industry. Due to these margins, Tosco constantly strives to increase output of clean fuels, while maintaining a strong commitment to employee safety and environmental protection.Tosco is now the biggest independent refiner in the United States. Tosco has constantly been advancing. With only one refiner in 1993, it bought Bayway from Exxon, and two more refineries from British Petroleum (BP). “In March they became America’s biggest independent refinery through the acquisition of the west-coast downstream operations of Unocal, a LA based firm for nearly $2 billion.”(The Economist, May 1997). This resulted in the gain of three mo...
