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Encyclopedia > Valero Energy Corporation
Valero Energy Corporation
Type Public(NYSEVLO)
Founded January 1, 1980
Headquarters San Antonio, TX, USA
Key people Bill Klesse, CEO
Products Petrochemical
Revenue $91.833 billion USD (2006)
Employees 21,836
Slogan The energy to take you anywhere
Website www.valero.com

Valero Energy Corporation (NYSEVLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. 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. Image File history File links Metadata Size of this preview: 800 × 503 pixelsFull resolution (1280 × 805 pixels, file size: 410 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... Image File history File links Metadata Size of this preview: 800 × 503 pixelsFull resolution (1280 × 805 pixels, file size: 410 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... is the 1st day of the year in the Gregorian calendar. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... The Alamo in San Antonio San Antonio is a city in the U.S. state of Texas. ... Bill Klesse is the Chairman and CEO of Valero Energy Corporation. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... San Antonio redirects here. ... Official language(s) No official language See languages of Texas Capital Austin Largest city Houston Largest metro area Dallas–Fort Worth–Arlington Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... View of Shell Oil Refinery in Martinez, California. ... West Indies redirects here. ... “bbl” redirects here. ... North America North America is a continent[1] in the Earths northern hemisphere and (chiefly) western hemisphere. ...

Contents

Retail

Valero also retails gasoline branded as Valero, Shamrock, Diamond Shamrock, Ultramar, Beacon, and Total. While this arm of the company is the most visible to the public, it is, according to CEO Bill Klesse, "a very small part of [Valero's] operations"[1]. Petrol redirects here. ... Shamrock station in Port OConnor, Texas, 2006 Shamrock Oil is an oil company based mostly in the American southern states. ... This business-related article is a stub. ... Bill Klesse is the Chairman and CEO of Valero Energy Corporation. ...


Valero is gradually shifting its focus from being a discount gasoline brand to becoming a premium brand. As part of that shift, Valero has begun to rebrand its Ultramar, Beacon, Total and Diamond Shamrock stations to the Valero brand. The Beacon and Shamrock brands are used by retailers as a low cost alternative to the premium Valero brand. (The Shamrock brand, in the Valero empire, is based on the former Shamrock Oil and Gas Company, which merged with Diamond Alkali in 1967 to form Diamond Shamrock.) The name Ultramar, while being eliminated in the U.S., will still be used as Valero's brand name in Canada. This article does not cite any references or sources. ... This article or section does not cite its references or sources. ... Shamrock station in Port OConnor, Texas, 2006 Shamrock Oil is an oil company based mostly in the American southern states. ...


History

Valero Energy Corporation headquarters, San Antonio, Texas
Valero Energy Corporation headquarters, San Antonio, Texas

Valero was created on January 1, 1980, as a spinoff from the Coastal States Gas Corporation. At the time, it was the largest corporate spinoff in U.S. history. Valero took over the natural gas operations of the LoVaca Gathering Company, a defunct subsidiary of Coastal States Gas. The name Valero comes from Misión San Antonio de Valero, the mission founded in 1718 from which the city of San Antonio started, which is better known worldwide as The Alamo. Image File history File links Metadata Size of this preview: 800 × 464 pixelsFull resolution‎ (1,280 × 743 pixels, file size: 306 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... Image File history File links Metadata Size of this preview: 800 × 464 pixelsFull resolution‎ (1,280 × 743 pixels, file size: 306 KB, MIME type: image/jpeg) File historyClick on a date/time to view the file as it appeared at that time. ... Nickname: Location in the state of Texas Coordinates: Counties Bexar County Government  - Mayor Phil Hardberger Area  - City  412. ... is the 1st day of the year in the Gregorian calendar. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... This article is about the fossil fuel. ... The Alamo (San Antonio de Valero Mission) is a former mission and fortress compound, now a museum, in San Antonio, Texas. ...


The company acquired a small oil refinery in Corpus Christi, Texas, in 1981, and began refining operations in 1984. Nickname: Location in the state of Texas Counties Government  - Mayor Henry Garrett Area  - City 1,192. ... Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... This article is about the year. ...


In 1997, Valero spun off its refining and retail divisions into a separate company, which kept the Valero name. At the same time, the remaining divisions, which consisted primarily of natural gas operations, were acquired by PG&E. Later that year, Valero acquired Basis Petroleum, which left it with four refineries in Texas and Louisiana. For the band, see 1997 (band). ... Pacific Gas and Electric Company (PG&E) is the utility that provides power to most of Northern California. ... Official language(s) No official language See languages of Texas Capital Austin Largest city Houston Largest metro area Dallas–Fort Worth–Arlington Area  Ranked 2nd  - Total 261,797 sq mi (678,051 km²)  - Width 773 miles (1,244 km)  - Length 790 miles (1,270 km)  - % water 2. ... This article is about the U.S. State. ...


Valero acquired a Paulsboro, New Jersey, refinery in 1998. This was the company's first refinery outside of the Gulf Coast area. Paulsboro highlighted in Gloucester County. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... The Gulf of Mexico is a major body of water bordered and nearly landlocked by North America. ...


In 2000, Valero purchased ExxonMobil's Benicia, California, refinery and interests in 350 Exxon-branded service stations in California, mainly in the San Francisco Bay area. The company also began retailing gasoline under the Valero brand. In June 2001, the company acquired the Huntway Refining Company, along with two asphalt plants on the west coast. Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... For other uses, see Exon (disambiguation). ... Benicia is a waterside city in Solano County, California, United States. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... USGS satellite photo of the San Francisco Bay Area. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...


On December 31, 2001, Valero completed its acquisition of Ultramar Diamond Shamrock. This merger left Valero with over 4,700 retail sites in the U.S., Canada, and the Caribbean. With this acquisition, Valero also received ownership of Shamrock Logistics L.P., which was renamed Valero L.P. This limited partnership owns and operates a 7200 mile (11500 km) pipeline network and 57 refined product terminals in the U.S., and is publicly traded (Valero maintained a 13.6 percent indirect interest through Valero GP Holdings, LLC, also publicly traded, which in 2006 it fully divested). is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs). ...


Starting in 2002, Valero has been expanding its marketing to the East Coast, specifically the Northeast and Florida, using the Valero brand. Also see: 2002 (number). ... Official language(s) English Capital Tallahassee Largest city Jacksonville Largest metro area Miami metropolitan area Area  Ranked 22nd  - Total 65,795[1] sq mi (170,304[1] km²)  - Width 361 miles (582 km)  - Length 447 miles (721 km)  - % water 17. ...


On April 25, 2005, Valero agreed to buy Premcor, Inc., for $6.9 billion in cash and stock to become the largest U.S. refiner, as record prices for gasoline and other fuels boost profits. is the 115th day of the year (116th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Premcor (NYSE: PCO) was a Fortune 500 oil refinery group based in Greenwich, Connecticut. ...


On June 30, 2005, Valero announced it was beginning a two-year process of converting Diamond Shamrock stations to the Valero brand. is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


Environmental record

According to the University of Massachusetts’ Political Economy Research Institute, the Valero Energy Corporation is the 28th most toxic corporation in America, releasing 3,363,294 pounds of toxic chemicals into the air annually. [1] Valero has been sued on multiple occasions for allegedly damaging the environment, and was named as a defendant in suits in 2000 and 2001 pertaining to the contamination of groundwater.[2] In a 2005 Clean Air Act settlement with the EPA, Valero agreed, along with Sunoco, to reduce annual harmful emissions by 44,000 tons annually across 18 refineries.[3] This page is about the university system across Massachusetts. ... Missing main definition------ someone add if you know it please. ... This article or section does not adequately cite its references or sources. ... EPA redirects here. ... This article is about the American oil company. ...


References

  1. ^ http://www.rtknet.org/new/tox100/toxic100.php?database=t1&detail=1&datype=T&reptype=a&company1=&company2=25149&chemfac=fac&advbasic=bas
  2. ^ http://www.secinfo.com/dvjdn.4f8nw.htm#2n1g
  3. ^ http://yosemite.epa.gov/opa/admpress.nsf/70e8171872128a58852572a000658eea/0997a679117ce952852570220061c98b!OpenDocument

See also

A typical Valero gas station in Mountain View, California

Image File history File links Download high resolution version (1000x540, 240 KB)A typical Valero gas station, in Mountain View, California. ... Image File history File links Download high resolution version (1000x540, 240 KB)A typical Valero gas station, in Mountain View, California. ... Mountain View is a city in Santa Clara County, in the U.S. state of California. ... This is a list of automotive fuel retail brands (petrol or gasoline, diesel, etc. ...

External links


  Results from FactBites:
 
Valero - Wikipedia, the free encyclopedia (619 words)
Valero Energy Corporation NYSE: VLO is a Fortune 500 company based in San Antonio, Texas, with approximately 22,000 employees and annual revenue of about $70 billion.
Valero was created on January 1, 1980, as a spinoff from the Coastal States Gas Corporation.
Valero acquired a Paulsboro, New Jersey refinery in 1998.
Valero Energy Corp. Investor Relations (577 words)
Valero shareholders voted a significant majority of the shares in favor of the merger, which is expected to close by the end of the year, pending additional regulatory reviews and other customary closing conditions.
Valero Energy Corporation is a Fortune 500 company based in San Antonio, with more than 3,500 employees and annual revenues of more than $15 billion.
Valero is recognized throughout the industry as a leader in the production of premium, environmentally clean products such as reformulated gasoline, CARB Phase II gasoline, low-sulfur diesel and oxygenates.
  More results at FactBites »

 
 

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