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.

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