Exhibit 99.2
TESORO CORPORATION
SPECIAL MEETING OF TESORO CORPORATION
Date: , 2017
Time: A.M. (Central Time)
Place: Tesoro Corporation, 19100 Ridgewood Parkway,
San Antonio, Texas 78259
Please make your marks like this: Use dark black pencil or pen only
Board of Directors Recommends a Vote FOR proposals 1, 2 and 3.
Directors
Recommend
ForAgainst Abstain
1: To approve the issuance of shares of Tesoro For
common stock in connection with the merger
as contemplated by the Agreement and
Plan of Merger, dated as of November 16,
2016, among Western Re?ning, Inc., Tesoro
Corporation, Tahoe Merger Sub 1, Inc. and
Tahoe Merger Sub 2, LLC, as such agreement
may be amended from time to time;
ForAgainst Abstain
2: To adopt an amendment to the Tesoro For
certi?cate of incorporation to increase the
number of authorized shares of Tesoro
common stock from 200 million to 300
million;
ForAgainst Abstain
3: To adjourn the special meeting, if necessary or For
appropriate, to solicit additional proxies in the
event there are not suf?cient votes at the time
of the special meeting to approve Proposal 1.
To attend the meeting and vote your shares
in person, please mark this box.
Authorized Signatures—This section must be
completed for your Instructions to be executed.
Please Sign Here Please Date Above
Please Sign Here (if held jointly) Please Date Above
Please sign exactly as your name(s) appear(s) on your stock certi?cate (if you hold certi?cated shares). When signing as attorney, executor, administrator, or other ?duciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name, and provide title of authorized of?cer signing the proxy.
Please separate carefully at the perforation and return just this portion in the envelope provided.
TESORO CORPORATION
Special Meeting of Tesoro Corporation to be held on , , 2017 for Holders as of February 10, 2017
VOTE BY:
INTERNET TELEPHONE
Call
Go To866-390-9971
www.proxypush.com/tso
• Cast your vote online. OR • Use any touch-tone telephone.
• View Meeting Documents. • Have your Proxy Card/Voting Instruction Form ready.
• Follow the simple recorded instructions.
OR • Mark, sign and date your Proxy Card/Voting Instruction Form.
• Detach your Proxy Card/Voting Instruction Form.
• Return your Proxy Card/Voting Instruction Form in the
postage-paid envelope provided.
This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance with the Board of Directors’ recommendations.
All votes must be received by P.M., Eastern Time, , 2017.
PROXY TABULATOR FOR TESORO CORPORATION P.O. BOX 8016 CARY, NC 27512-9903
EVENT #
CLIENT #
Please separate carefully at the perforation and return just this portion in the envelope provided.
Revocable Proxy — Tesoro Corporation
Special Meeting of Stockholders , 2017, A.M. (Central Time)
This Proxy is Solicited on Behalf of the Board of Directors
The undersigned hereby revokes any proxy previously granted and appoints Carrie P. Ryan and Elisa D. Watts, and each of them, as proxies of the undersigned, each with full power to act without the other and with full power of substitution, and hereby authorizes either to represent and to vote as designated herein, all the common stocks of Tesoro Corporation held of record by the undersigned on February 10, 2017 at the Special Meeting of unitholders to be held on [ ], [ ] at [ ] A.M. Central Time at Tesoro Corporation, 19100 Ridgewood Parkway, San Antonio, Texas 78259, and at any adjournment or postponement of the meeting. This proxy when executed, will be voted in the manner directed herein by the undersigned stockholder. Any executed but unmarked proxies will be voted in accordance with the recommendations of the Board of Directors, which is to vote “FOR” the proposals. With respect to any other matter that properly comes before the Special Meeting, the proxy holders will vote as recommended by the Board of Directors, or, if no recommendation is given, in their own discretion.
(TO BE SIGNED ON REVERSE SIDE)
TESORO CORPORATION
Tesoro Corporation Thrift Plan
Date: , 2017
Time: A.M. (Central Time)
Place: Tesoro Corporation, 19100 Ridgewood Parkway,
San Antonio, Texas 78259
Please make your marks like this: Use dark black pencil or pen only
Board of Directors Recommends a Vote FOR proposals 1, 2 and 3.
Directors
Recommend
ForAgainst Abstain
1: To approve the issuance of shares of Tesoro For
common stock in connection with the merger
as contemplated by the Agreement and
Plan of Merger, dated as of November 16,
2016, among Western Re?ning, Inc., Tesoro
Corporation, Tahoe Merger Sub 1, Inc. and
Tahoe Merger Sub 2, LLC, as such agreement
may be amended from time to time;
ForAgainst Abstain
2: To adopt an amendment to the Tesoro For
certi?cate of incorporation to increase the
number of authorized shares of Tesoro
common stock from 200 million to 300
million;
ForAgainst Abstain
3: To adjourn the special meeting, if necessary or For
appropriate, to solicit additional proxies in the
event there are not suf?cient votes at the time
of the special meeting to approve Proposal 1.
To attend the meeting and vote your shares
in person, please mark this box.
Authorized Signatures—This section must be
completed for your Instructions to be executed.
Please Sign Here Please Date Above
Please Sign Here (if held jointly) Please Date Above
Please sign exactly as your name(s) appear(s) on your stock certi?cate (if you hold certi?cate
shares). When signing as attorney, executor, administrator, or other ?duciary, please give full
title as such. Joint owners should each sign personally. All holders must sign. If a corporation
or partnership, please sign in full corporate or partnership name, and provide title of authorized
of?cer signing the proxy.
Please separate carefully at the perforation and return just this portion in the envelope provided.
TESORO CORPORATION
Tesoro Corporation Thrift Plan Special Meeting of Tesoro Corporation to be held on , , 2017 for Holders as of February 10, 2017
VOTE BY:
INTERNET TELEPHONE
Call
Go To 866-390-9971
www.proxypush.com/tso
• Cast your vote online. OR • Use any touch-tone telephone.
• View Meeting Documents. • Have your Proxy Card/Voting Instruction Form ready.
• Follow the simple recorded instructions.
OR • Mark, sign and date your Proxy Card/Voting Instruction Form.
• Detach your Proxy Card/Voting Instruction Form.
• Return your Proxy Card/Voting Instruction Form in the
postage-paid envelope provided.
This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will not be voted.
All votes must be received by P.M., Eastern Time, , 2017.
PROXY TABULATOR FOR
TESORO CORPORATION
P.O. BOX 8016
CARY, NC 27512-9903
EVENT #
CLIENT #
Please separate carefully at the perforation and return just this portion in the envelope provided.
Revocable Proxy — Tesoro Corporation
Special Meeting of Stockholders , 2017, A.M. (Central Time)
This Proxy is Solicited on Behalf of the Board of Directors
The undersigned participant in the TESORO CORPORATION THRIFT PLAN (the “Plan”) hereby acknowledges receipt of the Notice of Special Meeting of Stockholders to be held at Tesoro Corporation, 19100 Ridgewood Parkway, San Antonio, Texas 78259, on [ ] at [ ] A.M. Central Time, revokes any proxy previously granted and directs Fidelity Management Trust Company Trustee, to vote (or cause to be voted) all shares of Common Stock (or share equivalents) of Tesoro Corporation allocated to the undersigned’s account under the Plan(s) and held in the Trustee’s name at the close of business on February 10, 2017, at said meeting and at any adjournment or postponement thereof. Said Trustee is authorized to vote only in accordance with the instructions given herein.
(TO BE SIGNED ON REVERSE SIDE)