14 Facts About Valero Energy

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

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

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

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

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

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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.

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

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

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

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

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

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.

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

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