Valero Energy Corporation (VLO)

Valero Energy Corporation is a leading international manufacturer and marketer of transportation fuels, other petrochemical products, and power. Founded in 1980 in San Antonio, Texas, Valero emerged following the breakup of the Coastal States Gas Corporation. The company is named after the mission San Antonio de Valero, which is better known as the Alamo. Over the years, Valero has grown to become one of the largest independent petroleum refiners in the world, with a refining capacity of approximately 3.2 million barrels per day. Valero operates 15 refineries across the United States, Canada, and the United Kingdom, and it also owns 12 ethanol plants with a combined output of around 1.7 billion gallons per year. The company is recognized for its focus on environmental stewardship and sustainability, investing in renewable energy sources such as wind farms. Valero's revenue in recent years has been substantial, often exceeding $100 billion annually, reflecting its significant role in the global energy market. Additionally, Valero is known for its extensive supply chain and retail presence, with over 7,000 retail and branded wholesale outlets under various names such as Valero, Diamond Shamrock, and Shamrock.