Valero.com
Valero
Valero Energy Corporation is a San Antonio based Fortune 500 Company and is the largest refiner in North America. The diverse refining network of Valero stretches across the globe from Canada to the U.S. Gulf Coast and West Coast to the Caribbean. A mid-stream logistics system supports all the operations of Valero from refining to marketing. Valero markets its products on wholesale and retail basis through an extensive network in 44 states of the U.S., Canada, Caribbean and Latin America. The company is recognized throughout the refinery industry as the leader in producing high-quality environmental friendly products ranging from purified gasoline, low sulfur diesel and oxygenates, and California Air Resources Board (CARB) Phase II gasoline.
History
Valero began its journey in 1980 when it was created as a spin-off from Coastal States Gas Corporation. During those days, this was the largest spin-off in the history of the United States. Eventually, Valero took over the natural gas operations of LoVaca Gathering Company, which was then, a defunct subsidiary of Coastal States Gas Corporation. Initially, the company purchased a small oil refinery in 1981 at Corpus Christi, in Texas province. Valero’s refining operations began in 1984. Valero acquired Basis Petroleum in 1997; Paulsboro, a New Jersey refinery in 1998; Benicia, a California refinery in 2000; and the Huntway Refining Company in 2001.
The acquisition of Ultramar Diamond Shamrock and Shamrock Logistics L.P. by Valero in 2001 left Valero with more than 4,700 retail sites in the U.S., Canada, and the Caribbean and with 11,500 Kms of pipeline network, and 57 product terminals in the nation. Since 2002, the company is expanding its marketing operations to the East Coast under the Valero brand name. In 2005, Valero emerged as the largest U.S. refiner by purchasing Premcor Inc. for $6.9 billion. Following this, Valero took solid steps to convert Diamond Shamrock stations to the Valero brand.
Business Profile
Valero Energy Corporation is a fortune 500 Company with annual revenue of more than $90 billion, employing about 22,000 people. Valero owns and operates about 17 refineries throughout U.S., Canada, and the Caribbean. The total output of all these units put together is around 3.3 million barrels per day. In this regard, Valero is the largest of all the refineries in North America. Also, Valero is one of the largest retail operators of the country with more than 5,500 sites marketing its products in the 44 states of the U.S., Canada and the Caribbean. The most popular brand names of the company include Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon.
Products and Services
Valero produces and sells almost all types of fuels used by all types of vehicles. Apart from petroleum products, Valero also manufactures and supplies a range of other products. Valero is the nation’s second largest producer of asphalt used for roofing, paving roads, and laying biking and hiking paths. Valero produces about 60,000 barrels per day and markets in 20 states through 15 terminals. Valero has supplied asphalt to pave the world’s largest port in Los Angeles and the world famous Irwindale Speedway where the world’s most important car-race events are held. Valero is one of the largest producers of sulfur used for agriculture. Valero’s refineries also supply raw materials used to manufacture plastics used for building computers, disks and other media and electronic devices apart from household items, plastic foam and plastic wrap.
Important Awards and Honors
- Platts Top 250 Global Energy Company Awards (2006 and 2005) Valero ranked No.1 among the world's refining and marketing companies
- Fortune Magazine: Valero ranked No.22 among “100 Best Companies to Work for” and No. 6 among large employers.
- Fortune Magazine list of 100 Fastest-Growing Companies (2005) Valero ranked No.15 among the Global 500.
- Valero received “2004 Spirit of America Award,” the United Way’s highest corporate honor given every year to one U.S. Company. (Valero is the second company to win this award twice)
- Valero was awarded Star Site status for eleven of its refineries in OSHA’s Voluntary Protection Program.
- Valero received Excellence Award at the 2004 Global Energy and Environmental Excellence Awards Ceremony
- World Refining Magazine honored Valero as the U.S. Refiner of the Year – 2001
Valero was the only U.S. refiners to get an Environmental Achievement Award at America’s Clean Air Celebration – 2000.
Official Site
The official site of the company is www.valero.com. The site provides comprehensive and useful information regarding the company, its products and services. For more information, other links given in the references and additional reading can be consulted.
Languages
English
Address
- One Valero Way
- San Antonio TX 78249 US
Contact
- Valero Corporate Headquarters
- One Valero Way
- San Antonio, TX 78249-1112
- (210) 345-2000
- For Customer Relations Call:
- (800) 324-8464 (USA)
- (888) 871-4404 (Canada)
Additional Information
Related Domains
External Links
- Stock: VLO
- Alexa: Valero.com
- WHOIS for Valero.com
- Wikipedia:List of automotive fuel brands
- Velo Valero
- CNN Money
- Boston.com Business
- Monster.com
References
- Valero.com
- Wikipedia
- Yahoo Finance
- CNN Money: 100 Best Companies to Work For
- BlogginStocks.com - Valero:The 'best in breed' refiner
