Valvoline

Valvoline Inc.
Formerly
  • Continuous Oil Refining Co. (1866)
  • Ellis & Leonard
Company typePublic company
IndustryChemical manufacturing and distribution, car repair
Predecessors
FoundedSeptember 6, 1866; 158 years ago (1866-09-06) in Binghamton, New York, U.S. (as the Continuous Oil Refining Company)
FounderJohn Ellis
Headquarters
Lexington, Kentucky
,
U.S.
Key people
  • Lori Flees (CEO)
  • Mary Meixelsperger (CFO)
RevenueIncrease US$1.24 billion (2022)
Decrease US$220 million (2022)
Increase US$424 million (2022)
Total assetsIncrease US$3.42 billion (2022)
Total equityIncrease US$307 million (2022)
Number of employees
8,900 (2022)
Subsidiaries
Websitevalvoline.com
Footnotes / references
[1][2][3]

Valvoline Inc. (/ˈvælvəliːn/ VAL-və-leen) is an American retail automotive services company. It licenses the name for a number of Valvoline-labeled automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023, it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.[4][5][6]

  1. ^ Caproni, Erin (May 15, 2017). "Ashland, Valvoline complete split". Cincinnati Business Courier. American City Business Journals. Archived from the original on July 30, 2021. Retrieved November 9, 2019.
  2. ^ Baniak, Susan (June 22, 2017). "Lexington-based Valvoline Separates from Ashland Inc., Moves into New Headquarters". Business Lexington. Smiley Pete Publishing. Archived from the original on November 9, 2019. Retrieved November 9, 2019.
  3. ^ "Valvoline Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. November 23, 2022. Archived from the original on December 6, 2022. Retrieved June 19, 2023.
  4. ^ Willoughby, Jack (March 12, 2016). "Valvoline Spinoff: A 45% Gain for Ashland Holders". Barron's. Dow Jones & Company. Archived from the original on April 12, 2022. Retrieved November 9, 2019.
  5. ^ "Motor oil maker Valvoline maps IPO spinoff from Ashland". The Cincinnati Enquirer. Gannett Company. September 13, 2016. Archived from the original on April 16, 2022. Retrieved November 9, 2019.
  6. ^ "About Us". Archived from the original on 2023-05-30. Retrieved 2023-06-19.