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The company acquired Corpus Christi Marine Services Company, a small barge company in Corpus Christi, Texas, in April 1981 when it purchased a stake in Saber Energy Inc. of Houston. In May 1985, Valero Refining and Marketing Company was born from Valero's subsidiary, Saber Energy Inc.
The explosion was heard 5 miles away from the Valero refinery and rocked buildings within a mile of the plant, according to local media reports. Valero's Texas City refinery hit by explosion, fire ...
In 1988, the company's annual refinery sales were $1.8 billion. Diamond Shamrock owned and operated 529 stores. 423 of them were in Texas, with 94 of them in Greater Houston. The company owned an additional 64 stores in Colorado. In 1988, the company bought from investor F. Philip Handy 80 Tenneco gasoline stations, with 30 of them in Houston ...
Refining, Valero's largest segment, showed a decline in operating income, reporting $437 million in Q4 2024 versus $1.6 billion the previous year. Nonetheless, renewable diesel stood out, with its ...
Valero Energy Corporation (NYSE:VLO) reported a fourth-quarter sales decline of 13.2% year-on-year to $30.76 billion, beating the analyst consensus estimate of $30.20 billion. The Refining segment ...
BP acquired the refinery as part of its merger with Amoco in 1999. [3] As of January 2005, it was the second largest oil refinery out of 23 in Texas (behind Baytown Refinery), and the fourth overall out of 142 in the United States in terms of operating capacity, which was 475,000 barrels (75,500 m 3) per stream day.
Oil refiners Valero Energy Corp and Marathon Petroleum Corp are the biggest beneficiaries of the U.S. government's oil reserve releases, taking nearly half the crude offered, a Reuters analysis of ...
March 23, 2005 – The Texas City refinery explosion; 15 dead, 180 injured [162] February 16, 2007, a propane fire erupted at the Valero McKee Refinery in Sunray, north of Amarillo. Three workers suffered serious burns, and the refinery was forced to shut down.