Valero Energy Corporation operates as a crude oil refining and marketing company.
The company operates through two segments, Refining and Retail.
The Refining segment engages in the refining operations, wholesale marketing, product supply and distribution, and transportation operations.
This segment produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including gasoline mixture, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.
It owns and operates 16 refineries located in the United States, Canada, and Aruba.
The Retail segment sells transportation fuels at retail stores and unattended self-service card locks; convenience store merchandise in retail stores; and home heating oil to residential customers in the United States and Canada.
Valero Energy markets its refined products through bulk and rack marketing network, and approximately 5,800 retail and wholesale branded outlets in the United States, Canada, and Aruba under various brand names, including Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, Corner Store, and Stop N Go.
In addition, Valero Energy produces renewable fuels, such as ethanol.
It was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997.
The company was founded in 1955 and is based in San Antonio, Texas.
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