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In 1997, Valero merged its natural gas service business with Pacific Gas and Electric Company and spun off its refining assets to form Valero Energy Corporation. [9] At the same time, the remaining divisions, which consisted of natural gas operations, merged with a wholly owned subsidiary of PG&E. In May of that year, Valero Energy acquired ...
Valero Energy (NYSE:VLO), a leading international manufacturer and marketer of transportation fuels and petrochemical products, released its earnings for the fourth quarter of 2024 on Jan. 30, 2025.
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 ...
The Marathon Martinez Renewable Fuels Facility is located in the San Francisco Bay Area in an unincorporated area known as Avon, East of Martinez, California. It refines biobased feedstocks such as animal fat, soybean oil and corn oil into renewable diesel. Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon ...
The refinery was built in 1968 for Humble Oil and completed in 1969. Humble Oil changed its name to Exxon in 1972. Valero purchased the property in 2000. In October 2024, the Bay Area Air Quality Management District and California Air Resources Board issued an $82 million fine over air pollution violations at the Benicia Refinery, following a 2019 inspection, with the fine being the largest in ...
Valero's Diamond Alternative Energy and related groups challenged the reinstatement of California's waiver, arguing that the decision exceeded the EPA's power under the Clean Air Act and inflicted ...
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 ...
The refinery was later bought by Valero Energy Corporation, a San Antonio-based oil company, in 2000. Between 1970 and 1995, the population of Benicia grew steadily at a rate of about 1,000 people per year, and the city changed from a poor, blue-collar town of 7,000 to a white-collar bedroom suburb of 27,000.