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In May 1985, Valero Refining and Marketing Company was born from Valero's subsidiary, Saber Energy Inc. 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]
In 1987, The Diamond Shamrock Refining and Marketing Company severed ties with Diamond Shamrock Corporation, which was the parent company, and became independent with its headquarters in San Antonio. At that time, as part of the reorganization, Diamond Shamrock Corporation became Maxus Energy Corporation, severing all legal ties to the Diamond ...
Headquarters of Valero Energy Corporation. San Antonio is the headquarters of two Fortune 500 companies: Valero Energy and USAA. iHeartMedia had been on the list but fell off, [128] and NuStar Energy was also on the list until it was purchased by Sunoco LP in 2024. H-E-B, the 5th-largest private company in the U.S., [129] is also headquartered ...
The company was created on May 1, 2013, when Valero Energy Corporation decided to spin off its retail operations in an effort to focus on refining. [2] On August 6, 2014, CST Brands agreed to buy Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP (LGP), from Lehigh Gas Corp in a cash and stock deal.
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]
Headquartered in Dallas, the company includes Cricket Wireless and DirecTV. 28 Phillips 66: 91,568 14,600 Global oil and gas entity formed when it spun off from ConocoPhillips in 2012. The firm is headquartered in the Westchase district of Houston. 31 Valero Energy: 88,407 10,015 International oil and gas refiner, marketer and distribution company.
In 1973, he was President and CEO of Coastal Corporation's subsidiary LoVaca Gathering Company which on December 31, 1979, became the Valero Energy Corporation. [8] [9] He was the founding CEO and Chairman of the Valero Energy Corporation and Group and held those posts until January 2006 and January 2007, respectively. [8]
William "Bill" R. Klesse (born 1947, Chatham, NJ) is the former chairman of the board for Valero Energy Corporation.He served as chief executive officer from December 31, 2005, to April 30, 2014, and President from January 17, 2008, to December 31, 2012.