Valero Energy

Valero Energy Corporation
Company typePublic
IndustryOil and gas
FoundedJanuary 1, 1980; 44 years ago (1980-01-01)
FounderWilliam Greehey
Headquarters
San Antonio, Texas
,
United States
Area served
North America
Key people
Lane Riggs
(President & CEO)
Products
RevenueDecrease US$144.8 billion (2023)[1]
Decrease US$11.86 billion (2023)[1]
Decrease US$8.835 billion (2023)[1]
Total assetsIncrease US$63.06 billion (2023)[1]
Total equityIncrease US$28.52 billion (2023)[1]
Number of employees
9,908 (2023)[1]
Websitewww.valero.com

Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States.[2] Throughout the United States, Canada, and the U.K., the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.2 billion gallons per year, and 12 ethanol plants with a combined production capacity of 1.6 billion gallons as its subsidiaries.[3][4][5]

According to a number of estimates, Valero has become a major producer of corn ethanol and renewable diesel, both low-carbon liquid transportation fuels.[6][7]

  1. ^ a b c d e f "Valero Energy 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 22, 2024.
  2. ^ "Valero". Archived from the original on March 8, 2012. Retrieved March 18, 2011.
  3. ^ Kumar, Arunima (April 26, 2024). "Refiner Valero beats profit estimates on resilient demand, tight supplies". Reuters.
  4. ^ Garg, Anuradha (March 24, 2021). "Who Owns Valero? Leading Renewable Fuels Producer in North America". Market Realist.
  5. ^ "Valero reports profitable Q4 for renewable diesel, ethanol | Biodiesel Magazine". biodieselmagazine.com.
  6. ^ Lee, William B. (2012). Creating Entrepreneurial Supply Chains: A Guide for Innovation and Growth. Fort Lauderdale, FL: J. Ross Publishing. p. 28. ISBN 978-1-60427-062-4.
  7. ^ McGurty, Janet (March 17, 2021). "AMERICAS REFINING NET ZERO TRACKER: Valero furthers its commitment with CCS pipeline".