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Valero retails gasoline branded as Valero, Shamrock, Diamond Shamrock, [80] Beacon, and Total, the last under license from TotalEnergies. 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".
Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon Petroleum. The refinery is located on 850 acres, in 2016 had approximately 650 full-time employees, and had a crude oil capacity of 157,000 barrels per day. In 2015 it was the fourth-largest refinery in the state. The refinery had a Nelson complexity index of 16.1.
As of 2024, the Diamond Shamrock brand is still actively being in use by Valero Energy alongside its other brands Beacon, Shamrock, and Texaco (owned and used by Valero Energy solely in the United Kingdom and Ireland since its acquisition of its usage from Chevron in 2011). [15]
Valero Energy is arguably one of the greatest beneficiaries of the U.S. oil production resurgence. The domestic supply glut has suppressed oil prices in the U.S., with the West Texas Intermediate ...
While there are concerns around global refining fundamentals exerting pressure on Valero Energy Corporation's (NYSE: VLO) margins, the company also faces balance sheet pressure and potential ...
Margins matter. The more Valero Energy (NYS: VLO) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
On December 31, 2001, Valero Energy Corporation completed its acquisition of Ultramar Diamond Shamrock. [5] On May 1, 2013, Ultramar was spun off from Valero into CST Brands. Following the 2016 purchase of CST by Alimentation Couche-Tard, the Ultramar brand and most of CST's Canadian assets were acquired by Parkland Fuel. [6] [7] [8]
Summit says Valero, the world's second-largest ethanol producer, is joining its carbon capture pipeline. POET, world's largest, signed up in January. Valero Energy Corp joins Summit's $8B pipeline ...