Donna M. Titzman
Executive VP & CFO
R. Lane Riggs
Executive VP & COO
Gary K. Simmons
Senior Vice President of Supply, International Operations & Systems Optimization
Valero was founded in the year 1980. The company has been operational for almost 39 years now. The company was created as a spin-off of the Coastal States Gas Corporation. The company had taken over the natural gas operations of the Coastal States Gas Corporation. The company was the most substantial spin-off in corporate history. The company had taken over the operations of LoVaca Gathering Company. The first refinery of the company was acquired in the year 1984. Then in the year 1997, the company had spun-off its retail as well as refinery divisions into separate companies. The company had also taken over Basis Petroleum in the same year as well. The following year, the company had purchased an oil refinery at New Jersey, USA.
In the year 2000, the company had taken over the refinery of Exxon Mobil, located in California. The company had also started retailing gasoline as well, under its name. Then in the year 2001, the company had acquired Huntway Refining Company, along with its two asphalt plants as well. The same year, the company had also taken over Ultramar Diamond Shamrock. The company had received the ownership of Shamrock Logistics LP, and it was renamed to Valero LP in the year 2006. Starting in the year 2002, the company began to expand in the eastern part of the USA, mainly in the north-eastern region along with Florida, USA. In the year 2005, the company had agreed to buy Premcor Incorporated for about $8 billion. This was followed by the acquisition of almost 72 Albertsons gas stations in the year 2008. As of the year 2009, the company had sacked nearly 500 employees at its refinery located in Delaware, USA. The company also started to absorb losses of $1 million per day since the beginning of 2009. Then in the year 2011, the company had taken over Chevron Corporation for about $730 million. In the year 2013, the company had spun off its retail operations under a new company known as CST Brands. The company continued to supply fuel via its 7,400 retail locations in the USA. The headquarters of the company is based in One Valero Way. The name of the place is San Antonio, while the name of the state is Texas, USA. The pin code of the area is 78249.
Valero is an American company that focuses on the manufacturing and marketing of various kinds of transportation fuel as well as other types of petrochemical, including power too. The current CEO and president of the company are Joseph W Gorder. As of the year 2014, the total revenue generated by the company is more than $117 billion. As of the year 2018, the total number of employees working at the company is more than 10,000. The company has over 6,800 retail, wholesale outlets all over the USA. The company has 16 refineries under its name, along with 11 ethanol plants and also a 50 MW power wind farm too. The company is ranked at number 31 in the Fortune 500 companies list. The company is ranked at number 28 among all the companies that emit airborne pollutants in the USA.
The primary services provided by the company include the production of various kinds of fuels and also a renewable source of power, along with other petrochemical products as well. The products sold by the company include gasoline, diesel fuel, asphalt, jet fuel, lubricants, petrochemicals, etcetera. The company has also invested in wind power as well.
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.