Valero Energy (NYSE:VLO) is a leading international downstream energy company focused on the refining, marketing and transportation of petroleum products. Headquartered in San Antonio, Texas, Valero owns and operates 15 refineries across the United States, Canada and the United Kingdom, with a combined crude oil capacity exceeding three million barrels per day. The company’s integrated operations extend from feedstock sourcing and logistics to product distribution, supported by a network of pipelines, terminals and retail outlets that include the Valero, Diamond Shamrock and Shamrock brands.
Founded in 1980 as part of Coastal States Gas Corporation, Valero became an independent entity in 1986 and adopted its current name. Over the ensuing decades, the company has grown through strategic acquisitions, including the purchase of Ultramar Diamond Shamrock in 2001 and the Premcor refining business in 2005, broadening its geographic footprint and product portfolio. Valero’s history of disciplined capital allocation and focus on operational efficiency has positioned it as a prominent supplier of gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.
In addition to traditional petroleum products, Valero has developed a strong presence in renewable fuels through its Valero Renewables division, which operates ethanol plants in the United States and invests in next-generation biofuel technologies. The company also produces renewable diesel and is exploring carbon reduction initiatives, reflecting a commitment to environmental stewardship alongside its core refining business. Valero’s marketing segment serves wholesale and retail customers, supplying fuel to convenience stores, wholesale distributors and major airlines.
Leadership at Valero is headed by Chairman and Chief Executive Officer Joseph W. Gorder, who has led the company since 2014, supported by a seasoned executive team with deep expertise in refining, logistics and energy markets. Under this management, Valero continues to prioritize safety, reliability and cost management, aiming to deliver consistent performance and long-term value for stakeholders in a dynamic global energy landscape.
