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For the fiscal year 2017, Valero Energy reported earnings of US$4.065 billion, with an annual revenue of US$93.980 billion, an increase of 24.2% over the previous fiscal cycle. Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.2 billion in November 2018. [32]
In 1996, Canadian company Ultramar bought Diamond Shamrock for $1.96 billion in stock and assumed debt. [20] The combined company was renamed "Ultramar Diamond Shamrock". [20] Diamond Shamrock also sold Total Petroleum, which started in Alma, Michigan, to Marathon Petroleum in 1999. [21] Valero Energy Corporation acquired Ultramar Diamond ...
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 ]
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 ...
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 ...
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]
Kinder Morgan/Valero Place Parkway Pipeline into Service Pipeline expands fuel supply to eastern U.S. and brings economic benefits to local regions HOUSTON--(BUSINESS WIRE)-- Construction of the ...
In 2010 Ardmore lost another technology company, IMTEC, which was purchased by 3M and moved away to California. The 85,000 bbl/d (13,500 m 3 /d) Valero refinery in northeast Ardmore employs some 250 area residents.