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Tosco Announces Earnings Release Date for Second Quarter of July 19, 2001.

OLD GREENWICH, Conn., July 9 /PRNewswire/ --

Tosco Corporation will report second quarter 2001 earnings on July 19, 2001. There will be a conference call to discuss the results hosted by Jefferson F. Allen, Tosco President and Chief Financial Officer at 11:00 A.M. Eastern Time. Thomas D. O'Malley, Tosco Chairman and Chief Executive Officer will also be available to comment on Tosco's results. The dial in phone number for the conference call is 888-423-3272. The international dial in phone number is 612-332-0923.

There will be a recorded playback available until Thursday July 26, 2001. The playback phone number is 800-475-6701 (within the U.S.) or 320-365-3844 (from outside U.S.) access code 594769.

Tosco Corporation, which currently has over $28 billion in annualized revenues, is the largest independent refiner and marketer of petroleum products in the United States, and is the nation's largest operator of company-controlled convenience stores.

Tosco's company literature including the 2000 Annual Report, Press Releases, Forms 10-K and 10-Q are available on Tosco's website: http://www.tosco.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF

THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained in this news release are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks and uncertainties. The words "believe," "expects," "could," "looks forward," and other similar expressions identify forward-looking statements. Important factors (but not necessarily the only important factors) that could cause the results to differ materially from those expected are: delay in completing a project or projects, operational difficulties, varying market conditions, actions of government, and other risks noted from time to time in the Company's Securities and Exchange Commission and other filings. The company's forward-looking statements are expressed in good faith and believed to have a reasonable basis, but there can be no assurance that they will be achieved.

Contact: Jefferson F. Allen, or Colm T. McDermott, both of Tosco Corporation, 203-698-7500.

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Date:Jul 9, 2001
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