He previously served as Vice President and Deputy General Counsel, with responsibility for Valero's litigation, regulatory and employment law departments, as well as the company's ad valorem tax and environmental, health and safety groups. This makes it the largest global independent refiner. It is investing in innovative low-carbon technologies, while at the same time prioritizing safety, environmental stewardship and community engagement that are foundational to its success. Learn more. Soon thereafter, Mark was promoted to Assistant Controller, and ultimately, Senior Vice President of Accounting, in 2012. Are you allowed to carry food into indira gandhi stadium? In the 13 days since Russia invaded Ukraine, San Antonio motorists have seen gas prices spiral at the pump and prices will likely surge again following President Joe Bidens ban on Tuesday of Russian crude oil. [33], For many years, Valero Energy Corp. has been awarded contracts worth several hundred millions of dollars by the United States Defense Logistics Agency Energy (DLA Energy) through the U.S. Defense Energy Support Center (DESC) to provide fuel, often JP-8, to Israel.[34][35][36][37]. Valero has acquired several chains of gas stations apart from Texaco. Julia Rendon Reinhart Senior Vice President and Chief Human Resources Officer Mark Schmeltekopf Senior Vice President and Chief Accounting Officer Cheryl Thomas Senior Vice President and Chief Technology Officer Rich Walsh Senior Vice President, General Counsel and Secretary Homer Bhullar Vice President-Investor Relations and Finance Greg Bram Thats why over the past five years, weve donated nearly $7 million to food banks and pantries to help families in need. VLO | Market Realist Valero produces elemental sulfur with a combined annual production of about 1.2 million tons. Valero Energy Corporation specializes in refining and distributing petroleum products. Dustin May is the latest Dodger starter to go down, joining Clayton Kershaw and Walker Buehler as sidelined stars. He began his career at Valero as a Process Engineer at the McKee refinery and subsequently held management positions including General Manager-Process Engineering, Director-Supply and Optimization, Vice President-Refinery Planning and Economics, Senior Vice President-Crude, Feedstock Supply and Trading, Senior Vice President-Refining Operations and Executive Vice President-Refining Operations and Engineering. Under the labels Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon, it provides goods and fuel to its clients. We are the world's second largest corn ethanol producer. Find your future. He earned his Bachelor of Business Administration degree from the Business Honors Program at the University of Texas at Austin, and his Juris Doctor from Harvard Law School. [6] In May of that year, the firm acquired Basis Petroleum, which left it with four refineries in Texas and Louisiana. About Valero | Our Products Fuel Modern Life Who owns Valero? Valero Headquarters She has played a key role in restructuring Valeros Information Services Department and integrating recently acquired assets into Valeros complex systems. Founded in 1980, Valero Energy is the largest global independent petroleum refiner and one of the leading renewable fuels producers in North America. Q2 2012 Valero Energy Corp. Earnings Conference Call Transcript of Speaker Notes, "Valero Energy Reports 2018 Fourth Quarter and Full Year Results", "URGENT: 7-Eleven Buying TETCO Retail, Wholesale Operations", "Valero to Buy Chevron's Pembroke Refinery for $1.73 Billion", "Valero confirms purchase of Chevron's Pembroke refinery and other assets", "Valero pays $1.73B for Chevron's Pembroke refinery", "Fortune 500 Companies 2018: Who Made the List", "(PERI) THE TOXIC 100: Top Corporate Air Polluters in the United States", "California Proposition 23, the Suspension of AB 32 (2010)", "Proposition 23 - Trying to shed light on a shadowy figure in Proposition 23 battle - Los Angeles Times", "Proposition 23 - Oil industry is driving force behind Proposition 23's attack on California's new greenhouse gas regulation - Los Angeles Times", "Global Warming - Fight over bid to suspend California's global warming law gets ugly - Los Angeles Times", "Vote NO on Proposition 23: The proposition on the November ballot would essentially repeal California's landmark climate-protection law", "Negligence Petroleum storage tank exploded", "From Well to Wheel: The Social, Environmental, and Climate Costs of Amazon Crude", "Valero Energy's Sustainability Report for 2020Q4", "Stop US shipment of fuel to Israel's armed forces as evidence of Gaza war crimes mounts", "Parent Vendor: Valero Energy Corporation in San Antonio, TX", "Valero awarded $157M fuel contract for Israel", "Valero to Sell Paulsboro Oil Refinery to PBF Energy", "Valero announces sale of Paulsboro, NJ, refinery", "Valero to buy Chevron's Pembroke refinery", "DSRM National Bank CRA Performance Evaluation", Office of the Comptroller of the Currency, https://en.wikipedia.org/w/index.php?title=Valero_Energy&oldid=1163417023, This page was last edited on 4 July 2023, at 19:17. In 2011, the company expanded its geographical footprint by purchasing Pembroke Refinery in Wales, which marked its entry into Western Europe. Valero is the largest global independent petroleum refiner, and an international distributor and marketer of transportation fuels. [38], Shortly after the divestiture of Delaware City, the company sold its refinery at the Port of Paulsboro to PBF Holdings, a wholly owned subsidiary of PBF Energy, as well. What is poor man and the rich man declamation about? Learn how we refine crude oil and turn it into products like gasoline, diesel and jet fuel. Not just today, but for generations to come. Known as "Vanguard", with various hues of blue, white, and yellow, Valero explained that applying the new design to all its stores would take several months to complete. [19] Valero is ranked No. This provided the company with much-needed geographic diversity. [15] Valero no longer owns retail operations using the Diamond Shamrock, Shamrock, Beacon, Ultramar, or Texaco names, but Valero continues to supply fuel.[16]. What Type Of Shareholders Own The Most Number of Valero Energy - Nasdaq In the next year, on May 5, 2008, Valero agreed to buy 72 Albertsons gas stations. Valero issues its own private label credit cards for its stations through its credit card-only subsidiary, DSRM National Bank. With this acquisition, Valero also received ownership of Shamrock Logistics L.P., which was renamed Valero L.P. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations. VALERO ENERGY CORPORATION - MarketScreener.com Learn more about our ethanol operations.. Manufacturing, distributing and marketing transportation fuels and petrochemical products. In 2013, she became Vice President-Human Resources Administration & Refinery Operations, responsible for human resources in Valeros refinery operations, as well as labor relations, technical training, HR Information Services and payroll. The deal also gives Valero a stake in a midstream logistics business, later named Valero LP, which was spun off in 2006 and renamed NuStar Energy LP. The company Valero energy Corp. produces and sells power, petrochemical goods, and transportation fuels. Bram holds a Bachelor of Science degree in chemical engineering from the University of Missouri-Rolla, now known as Missouri University of Science & Technology. People may receive compensation for some links to products and services on this website. Valero offers a variety of products throughout our network. Valero was created on January 1, 1980, as the successor of Coastal States Gas Corporation's Subsidiary, LoVaca Gathering Company. TOP TIER certified fuel* and top-tier service at our Valero branded stations. The interlocking value of our guiding principles is based on Safety, Environment, Community, Employees and Governance. Learn more about applying for a job with Team Valero. Our executive team is committed to operations excellence, disciplined management of capital and long-term value. Prior to Bracewell, she practiced law at Troutman Sanders in Atlanta, with a short secondment to CNN as in-house labor and employment counsel, and the State of Georgia as an Assistant State Attorney General. At that time, he had been with the company for 27 years, according to news reports. Be exceptional. Valero supplies approximately 7,000 independently owned fuel outlets carrying its family of brands in the U.S., Canada, the U.K., Ireland and Mexico, as well as rack and bulk markets in those countries and Peru. Were the first industrial site in the U.S. and remain the only U.S refinery to successfully host a large-scale industrial carbon capture project. Distillation towers and aboveground petroleum storage tanks at the Valero Energy Corp. Wilmington Refinery in Wilmington, Calif., on April 21, 2021. How the coil springs look like as you move it back and forth.? Our board is committed to ongoing engagement with our stakeholders. Generally speaking, as a company grows, institutions will increase their ownership. High-quality, Valero Branded Stations. We are the largest global independent refiner and America's largest producer of renewable fuels, advancing the future of sustainable energy. Eric Honeyman serves as Vice President Renewables Operations & Low Carbon Fuels, serving previously as Vice President Refining Operations. In 1880 there were 6 Valero families living in New Mexico. Independent and Diverse Board of Directors. How much is a 1928 series b red seal five dollar bill worth? The effort marks Valeros first advanced biofuels production, complementing its existing alternative energy efforts in ethanol and wind. 1 Valero Way He received his Bachelor of Business Administration and Master of Science degrees in accounting from Texas Tech University, where he also played football. ESG: Environmental, Social and Governance. The refinery offers significant hydroprocessing capacity and synergies with the companys St. Charles refinery in nearby Norco, Louisiana. Valero produces benzene, toluene and mixed xylenes through the extraction process and fractionation from its Corpus Christi (Texas) refineries and Three Rivers (Texas) refinery. A specialty pretzel company Pretzel Pete is introducing a new topping product Topzels that it hopes will increase revenue and add a new market. Watch the video or read more to see how we have evolved over the years. While this arm of the company was the most visible to the public, it was, according to CEO Bill Greehey, "a very small part of [Valero's] operations".[44]. What years of time was the separate but equal doctrine the law of the land in the US? Investor Relations Videos 2020 It's also the largest renewable fuels producer in the U.S. with Diamond Green Diesel producing 275 million gallons of renewable diesel annually. Get Free VLO Updates VLO Shareholders What type of owners hold Valero Energy Corp stock? About Valero Our Products Fuel Modern Life And Make a Better Future Possible Valero Energy | Who We Are and What We Do How We Fuel the World We are the best-in-class producer of essential fuels and products that are foundational to modern life. The Beacon and Shamrock brands are used by retailers as a low-cost alternative to the premium Valero brand. On December 31, 2001, Valero completed its acquisition of Ultramar Diamond Shamrock. Refining Business & Operations | Valero [2] Throughout the United States and Canada, the company owns and operates 15 refineries, and one in Wales, with a combined throughput capacity of approximately 3 million barrels (480,000m3) per day, 11 ethanol plants with a combined production capacity of 1.2billion US gallons (4,500,000m3) per year, and a 50-megawatt wind farm. The deal also included Ultramars nearly 5,000 retail gasoline stations operating under names like Diamond Shamrock, Ultramar, and Beacon. While deforestation rates increase worldwide, some of the worlds poorest nations have kept their forests intact. Find your future. We need to strike a balance between making proxy voting more onerous while making proxy advisory services more transparent and accountable. [2] At the time, this represents the largest corporate spinoff in U.S. history. Learn more about applying for a job with Team Valero. ESG: Environmental, Social and Governance. The Ethanol segment includes its ethanol o Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. Fisher has served as President of European Commercial Operations, and in leadership roles in Investor Relations, Corporate Communications, Strategic Planning and Corporate Development. fuels and products that are foundational to modern life. It is headquartered in San Antonio, Texas, United States. [23] Had it passed, Proposition 23 would have delayed action on greenhouse-gas emissions in the state of California by delaying current implementation of the California's Global Warming Solutions Act of 2006 until the state attained an unemployment rate of 5.5% or less for one full year. Just one way were serving our communities. Bhullar joined Valero in 2014. MUST CREDIT: Bloomberg photo by Bing Guan. [41], Valero also purchased ownership interest in four major pipelines and eleven fuel terminals, a 14,000-barrel (2,200m3)-per-day aviation fuel business, and a network of more than 1,000 Texaco-branded wholesale sites, which is the largest branded dealer network in the United Kingdom and the second-largest in Ireland. #Valero #RightNow pic.twitter.com/3hdE0HjAbT. Valero is the best-in-class producer of fuels and products that are essential to modern life. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon. In 2013, he transferred to Valero's Investor Relations department, before earning promotions to Vice President and ultimately Corporate Officer. With the ban on Russian oil in the news, here are the answers to five questions from Express-News readers about Valero: Last year, Valero imported nearly 122.9 million barrels of crude oil, according to the U.S. Energy Information Administration. Valero | Advancing the Future of Energy Find your future. *Divested in 2005. "[45] In 2013, Valero completed the spinoff of the retail operations as CST Brands. submitted a notification of proposed production activity to the FTZ Board for its facility within Subzone 124A in Norco, Louisiana. Use Forbes logos and quotes in your marketing. [16], A change to the logo, store canopy and facade was announced in April 2018. Who Owns Valero? CST Brands Inc. enters the market as the second-largest publicly traded fuel and convenience merchandise retailer in North America. The NGL Trading group markets and supplies these products for Valeros refining system. It is headquartered in San Antonio, Texas, United States. He joined with predecessor Ultramar Diamond Shamrock (UDS), and in his current position with Valero is responsible for company strategy and innovation efforts. We are guided by five principles, in Safety, Environment, Community, Employeesand Governance. The Foundation of Our Success. Senior Scheduler -- Benzene, Toluene and Xylene. 31 on the Fortune 500 rankings of the largest United States corporations by total revenue as of 2018. The Ethanol segment includes its ethanol operations, associated marketing activities, and logistics assets that support its ethanol operations. How is it possible for mantle rock to flow? Rich Walsh serves as Senior Vice President and General Counsel. Due to the COVID-19 pandemic and the resulting lockdowns, the operating weakness was expected. Valero Contacts Investors: Homer Bhullar, Vice President - Investor Relations, 210-345-1982 Eric Herbort, Senior Manager - Investor Relations, 210-345-3331 Gautam Srivastava, Senior Manager . During 2010, Valero sold its operations on the United States Atlantic coast. Later, it converted many of the stations to the Valero brand. The transaction also marked Valero's entry into the retail market because it included nearly 350 gasoline stations. In 2007, he served as Vice President of Process Safety and Reliability, where his responsibilities included the creation of the overall management system for refining operations as well as the technical standards and work processes that drive operational excellence. Thomas earned a business administration degree in quantitative analysis from California State University-Fresno in 1983, graduating Magna Cum Laude. We care about health and safety, and protecting our employees and neighbors. Valero Headquarters Our Refineries Valero owns 15 petroleum refineries in the United . Answers to 5 questions about S.A.s largest public company, Heat records broken in multiple Texas cities in June. High-quality, Valero Branded Stations. And see what it takes to become a Valero partner. Locke joined Valero in 2003 as an Audit Specialist in Valero's Internal Audit department where he earned several promotions and ultimately served as Executive Director of Internal Audit. Where is the tallest General Electric Building located? What was the date of sameul de champlians marriage? San Antonio, TX 78249 Russia was the companys third-biggest importer, after Mexico and Iraq. Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.2 billion in November 2018. Locke has since served in leadership roles over Strategic Planning, Public Policy, and Communications. 1 Valero Way Valero produces high-purity toluene and mixed xylenes used in adhesives, coatings, paints, surfactants, fuels, fuel additives, oilfield chemicals and many other applications. [28] The Wilmington Refinery[29] is located 23 miles (37km) south from downtown Los Angeles. Valero Energy - Wikipedia 1 Valero Way In 2011, the company purchased Chevrons Texaco stations in Ireland and Britain, along with a refinery in Wales, as part of a $1.73 billion deal, giving Valero its first foothold in Europe, according to the Irish Times. For inquiries, please email Naturalgassupply@valero.com. [21], Valero was the biggest[22] financial backer of the failed 2010 California Proposition 23 and contributed more than $4 million by August 2010. San Antonio, TX 78249 Through this acquisition, Valero increased its revenues considerably. (210) 345-2000. As of Jan. 27, 2023, Valero stock was trading at around $149 per share, the highest its reached since the company went public. Petroleum Refining. Here is a list of the largest importers for Valero: Mexico: 57.4 million barrels, or 46.7 percent of the import total, Iraq: 19.5 million barrels, or 15.9 percent, Russia: 15.6 million barrels, or 12.7 percent, Brazil: 8.9 million barrels, or 7.2 percent, Canada: 5.7 million barrels, or 4.6 percent, Ecuador: 5.5 million barrels, or 4.5 percent, Guyana: 3.9 million barrels, or 3.2 percent. Learn how we get feedstocksand products to market via truck, rail, marine and pipeline transportation. The world needs reliable, affordable and sustainable energy. Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. We care about health and safety, and protecting our employees and neighbors. [30], Valero's Wilmington (CA), Benicia (CA), and Port Arthur (TX) refineries are known to carry and process crude oil from the Amazon region of South America, a large concern for environmentalists trying to protect the Amazon rainforest. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations. Valero Renewables grows to 10 ethanol plants with the purchase of three more sites (Bloomingburg, Ohio; Linden, Indiana; and Jefferson, Wisconsin), and one additional site in Mount Vernon, Indiana in 2014.
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