- Business
- Valero Energy Corporation Valero Energy Corporation (0LK6.L) operates as one of the largest independent petroleum refiners and renewable fuels producers globally, manufacturing and marketing transportation fuels, petrochemicals, and low-carbon products from crude oil, biomass, and other feedstocks; its refining segment encompasses 15 petroleum refineries with approximately 3.2 million barrels per day of throughput capacity, producing gasoline, diesel, jet fuel, asphalt, propane, natural gas liquids, sulfur, naphthenic oils, solvents, and lubricants; the renewable diesel segment, managed through its joint venture Diamond Green Diesel, features two Gulf Coast facilities with combined capacity of 1.2 billion gallons annually of renewable diesel and 50 million gallons of renewable naphtha; additionally, it produces ethanol and supports logistics via pipelines, terminals, and distribution networks serving wholesale channels and about 7,400 branded retail outlets.
Headquartered in San Antonio, Texas, since its founding in 1980 as a spin-off from Coastal States Gas, Valero Energy Corporation maintains extensive geographic operations across the United States, Canada, the United Kingdom, Ireland, Mexico, Peru, and the Netherlands through numerous subsidiaries including Diamond Green Diesel LLC, Valero Marketing and Supply Company, and Valero Energy UK Ltd; it targets wholesale, retail, and industrial customers in the transportation, aviation, and energy sectors.
In recent developments, Valero Energy Corporation amends its $4 billion revolving credit facility in 2025, extending maturity to 2030 with potential expansion to $5.5 billion to bolster liquidity and support operations; it announces a CFO transition and declares regular cash dividends on common stock in October 2025, alongside appointing Robert L. Reymond as an independent director to its board and Nominating and Corporate Governance Committee; the company advances sustainability efforts with ambitions to reduce over 45 million metric tons of CO2e through refinery efficiencies and renewable displacements, while planning to idle or restructure certain operations as disclosed in April 2025, and continues investments in renewable diesel and sustainable aviation fuel amid market shifts toward low-carbon energy.