Valero Energy Corp - Company Profile
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Valero Energy Corp (Valero) is a downstream company that produces and markets transportation fuels and petrochemical products. Its assets include petroleum refineries, ethanol plants, and renewable diesel production from a joint venture. The company's refineries produce gasoline, diesel, low-sulfur diesel, ultra-low-sulfur diesel, distillates, asphalt, jet fuel, petrochemicals, lubricants, and other refined products. It markets the refined products on a wholesale basis in the US, the UK, Canada, and Ireland through bulk and rack marketing network and its branded outlets are operated by partners. The company also offers dry distillers’ grains (DDGs), ethanol and corn oil essentially to gasoline blenders and refiners. Valero is headquartered in San Antonio, Texas, the US.
Valero Energy Corp premium industry data and analytics
Products and Services
Products | Brands |
---|---|
Crude Oil | Valero |
Gasoline | Diamond Shamrock |
Diesel | Diamond Green Diesel |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Plans/Strategy | In January, the company and Darling Ingredients Inc announced its plans to invest in a Sustainable Aviation Fuel (SAF) project. |
2022 | Plans/Strategy | In October, the company announced its plans to operate its 14 refineries up to 95% of combined total production capacity of 3.2 million barrels per day. |
2022 | Others | In June, the company reduced its debt by approximately US$300 million through the acquisition of US$300 million of 4.00 percent Gulf Opportunity Zone Revenue Bonds Series 2010. |
Competitor Comparison
Key Parameters | Valero Energy Corp | Shell plc | BP Plc | Marathon Petroleum Corp | Phillips 66 |
---|---|---|---|---|---|
Headquarters | United States of America | United Kingdom | United Kingdom | United States of America | United States of America |
City | San Antonio | London | London | Findlay | Houston |
State/Province | Texas | England | England | Ohio | Texas |
No. of Employees | 9,886 | 103,000 | 87,800 | 18,200 | 14,000 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Joseph W. Gorder | Chairman | Executive Board | 2014 | 66 |
Lane Riggs | Chief Executive Officer; Director | Executive Board | 2023 | 58 |
Jason W. Fraser | Chief Financial Officer; Executive Vice President | Senior Management | 2020 | 55 |
Gary K. Simmons | Executive Vice President; Chief Operating Officer | Senior Management | 2023 | 59 |
Julia Rendon Reinhart | Chief Human Resources Officer; Senior Vice President | Senior Management | 2019 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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