14 Facts About Valero Energy

1.

Valero Energy Corporation is a Fortune 500 international manufacturer and marketer of transportation fuels, other petrochemical products, and power.

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2.

Valero Energy took over the natural gas operations of the LoVaca Gathering Company, later renamed the Valero Energy Transmission Company.

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3.

The name Valero Energy comes from Mission San Antonio de Valero Energy, the original name of the Alamo.

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4.

In May 1985, Valero Refining and Marketing Company was born from Valero's subsidiary, Saber Energy, Inc.

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5.

In 1997, Valero Energy Company spun off its subsidiary, Valero, to its stockholders.

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6.

In 2000, Valero Energy purchased ExxonMobil's Benicia, California, refinery and interest in 350 Exxon-branded service stations in California, mainly in the San Francisco Bay Area.

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7.

In June 2001, Valero Energy acquired the Huntway Refining Company, along with two asphalt plants on the West Coast.

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8.

In 2013, Valero Energy spun off its retail operations into a new publicly traded company, CST Brands.

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9.

Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.

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10.

Valero Energy is ranked No 31 on the Fortune 500 rankings of the largest United States corporations by total revenue as of 2018.

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11.

Valero Energy was the biggest financial backer of the failed 2010 California Proposition 23 and contributed more than $4 million by August 2010.

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12.

Later, Valero Energy reached an agreement to sell the assets of its Delaware City Refining and Delaware Pipeline to a Petroplus Holdings subsidiary, PBF Energy Partners LP, for approximately $220 million in September 2010.

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13.

Valero Energy has continued with the Texaco brand in these markets.

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14.

Valero Energy attempted to shift its focus from being a discount gasoline brand to becoming a premium brand.

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