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Tosco Corp., Santa Monica, posted net income...

Tosco Corp., Santa Monica, posted net income of '$11.2 million on revenue of $243.8 million for the first quarter ended March 31, a turnaround from the year-ago period when Tosco reported a $100.8-million loss on revenue of $197.1 million. John G. Drosdick, president and chief operating officer, cited several production records set by the company’s Avon refinery. " Crude throughput . . . was more than 13,000 barrels per day greater than the previous quarterly record,” he noted. “Further, Avon’s crude throughput yielded a new refinery production record for gasoline and diesel fuels.”


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