Valero Energy Corporation
American multinational petroleum refining and marketing company, the largest independent petroleum refiner in the United States by refining capacity.
Company Type
public
Founded
1980
Headquarters
San Antonio, Texas, USA
Stock
NYSE: VLO
About Valero Energy Corporation
Valero Energy operates as the largest independent petroleum refiner in the United States, with 15 refineries across the United States, Canada, and the United Kingdom. The company has a combined refining capacity of approximately 3.2 million barrels per day, making it a major player in the global refining industry.
The company's refining operations produce a full range of petroleum products, including gasoline, diesel fuel, jet fuel, and petrochemical feedstocks. Valero's refineries are strategically located to serve major markets and have access to key transportation infrastructure.
Valero's marketing segment includes wholesale distribution of refined products to commercial customers and retail sales through branded service stations. The company operates approximately 7,000 retail outlets under various brands, including Valero, Diamond Shamrock, and Beacon.
The company has also expanded into renewable fuels, operating ethanol plants and renewable diesel facilities. Valero is a major producer of corn ethanol and renewable diesel, positioning the company for the transition to cleaner energy sources.
Valero employs approximately 10,000 people and generates annual revenues exceeding $150 billion. The company serves customers across the United States and internationally, maintaining strong positions in refining, marketing, and renewable fuels.
History of Valero Energy Corporation
Valero Energy traces its origins to 1980 when the company was formed through the acquisition of assets from the Coastal States Gas Corporation. The company was initially named Valero Refining and Marketing Company and focused on natural gas operations.
In 1997, Valero acquired a major refinery in Corpus Christi, Texas, marking the company's entry into petroleum refining. The company was renamed Valero Energy Corporation to reflect its broader energy operations.
Throughout the late 1990s and 2000s, Valero expanded rapidly through strategic acquisitions. The company acquired several major refineries from major oil companies, including the acquisition of Ultramar Diamond Shamrock in 2001, which significantly expanded Valero's refining capacity and retail presence.
In 2005, Valero acquired Premcor, adding additional refining capacity and strengthening the company's position in the refining industry. These acquisitions made Valero the largest independent petroleum refiner in the United States.
Throughout the 2010s and 2020s, Valero has focused on operational excellence, safety, and environmental stewardship. The company has invested in renewable fuels, including ethanol and renewable diesel production, to diversify its product portfolio.
Valero has also expanded its retail operations through the acquisition of various convenience store chains and fuel station networks. The company operates one of the largest retail fuel networks in the United States.
Brands Owned by Valero Energy Corporation
Valero Energy Corporation owns 0 brands in our database.
Stock Information
Valero Energy Corporation Ownership: Pros & Cons
Advantages
- +Market leadership position as the largest independent petroleum refiner in the United States
- +Integrated business model providing stability across energy price cycles
- +Extensive refining and marketing infrastructure
- +Strong presence in renewable fuels and sustainable energy
- +Significant scale and operational efficiency
Considerations
- -Vulnerability to energy price volatility and market cycles
- -Environmental concerns and climate change regulations
- -Competition from other integrated energy companies
- -Regulatory pressure on refining operations and emissions
- -Balance between traditional and renewable energy investments
Frequently Asked Questions About Valero Energy Corporation
Is Valero Energy a subsidiary of another company?
Valero Energy is an independent, publicly traded corporation with no parent company. The company operates independently with its own management structure and board of directors, though it has grown through numerous acquisitions throughout its history.
Is Valero Energy publicly traded?
Yes, Valero Energy is publicly traded on the New York Stock Exchange under the ticker symbol VLO. The company has been publicly traded since its IPO in 1997, allowing investors to purchase shares and own a portion of the company.
When was Valero Energy founded?
Valero Energy was founded in 1980 as Valero Refining and Marketing Company. The company was renamed Valero Energy Corporation in 1997 when it entered the petroleum refining business through the acquisition of a major refinery.
Who founded Valero Energy?
Valero Energy was formed through the acquisition of assets from Coastal States Gas Corporation in 1980. The company was not founded by individuals but was created as a corporate entity through strategic acquisitions and business expansion.
What is Valero Energy's market position?
Valero Energy is the largest independent petroleum refiner in the United States by refining capacity. The company maintains leading positions in refining, marketing, and renewable fuels, with significant infrastructure across the United States and growing presence in international markets.
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