VLO - Valero Energy Corp/tx
Company Overview
Name
Valero Energy Corp/tx
Tickers
VLO
Exchanges
NYSE
Employees
9908
Founded
1981
Sector Information
Other Information
CIK
1035002
Category
Large accelerated filer
1-Line Summary
Valero Energy Corporation is a leading manufacturer and marketer of petroleum-based and low-carbon fuels with a focus on sustainable energy solutions.
Company summary
Valero Energy Corporation is a Fortune 500 company headquartered in San Antonio, Texas, specializing in the manufacturing and marketing of petroleum-based and low-carbon liquid transportation fuels. With 15 refineries across the U.S., Canada, and the U.K., Valero boasts a combined throughput capacity of approximately 3.2 million barrels per day. Additionally, the company operates renewable diesel plants and ethanol plants, making significant investments in low-carbon fuel projects, positioning itself as a leader in the transition towards sustainable energy solutions. Valero's business segments include Refining, Renewable Diesel, and Ethanol, each contributing to its diverse portfolio of energy products.
The company aims to meet the increasing global demand for reliable and affordable energy by focusing on both petroleum-based and renewable liquid fuels. Recognizing the importance of low-carbon fuels amid changing regulations and environmental concerns, Valero has implemented a comprehensive liquid fuels strategy that emphasizes efficiency and cost-effectiveness. Its renewable diesel and ethanol segments have expanded significantly, capitalizing on the demand for low-carbon alternatives to traditional fuels, while government mandates like the Renewable Fuel Standard (RFS) continue to drive market opportunities for Valero's diverse offerings.
Opportunities
Advantages
Risks
Latest reports
No reports found