Is Valero an American owned company?
Valero Bill Greehey Refinery is an oil refinery in Corpus Christi, Texas, US. It is owned and operated by Valero Energy Corporation (Valero), which is based in the US. Valero owns two small oil refineries in Corpus Christi.
When was Valero formed?
January 1, 1980Valero Energy / Founded
Did Valero go out of business?
The San Antonio-based company is reassessing its 1,425 retail sites, after the $5.34-billion acquisition of rival Ultramar Diamond Shamrock Corp. in December. The company will keep the Valero name in California and eventually phase out the other three brands it uses there: Exxon, Beacon and Ultramar.
Who bought Valero?
That’s when a Canadian company called Couche-Tard announced it was buying the San Antonio-based company that owns Valero stores, CST brands, for a reported $4.4 billion. Media reports at the time said Couche-Tard didn’t plan to get rid of any workers at Valero stores, they’d simply become Circle K employees.
What does Valero stand for?
Webster Dictionary Valero- a combining form (also used adjectively) indicating derivation from, or relation to, valerian or some of its products, as valeric acid; as in valerolactone, a colorless oily liquid produced as the anhydride of an hydroxy valeric acid.
Is Valero owned by Chevron?
The acquisition from Chevron Corporation significantly enhances the company’s ability to compete globally. Valero also acquires its 15th refinery, plus related logistics assets, in Meraux, Louisiana. The refinery offers significant hydroprocessing capacity and synergies with the company’s St.
Who started Valero?
Bill Greehey
Bill Greehey. Haven for Hope founder, Bill Greehey, served as the founding CEO and Chairman of San Antonio, Texas-based Valero Energy Corporation from the company’s inception in 1980 until he retired as CEO in 2006 and as Chairman in 2007.
Is Valero owned by Circle K?
It is currently operated by Alimentation Couche-Tard, which owns the Circle K brand. Valero Gas Station in Haltom City, Texas on Western Center Blvd. that opened in 1986 as Diamond Shamrock, fully converted to Valero in 2005.
Is Valero oil Russian?
Before the cutoff, Valero was the United States’ largest importer of Russian oil and petroleum, representing about 41% of U.S. imports from Russia, say analysts from Houston-based energy firm Tudor, Pickering, Holt & Co. Valero’s share last year represented nearly 15 million barrels of oil imported.
Is Valero a Russian gas company?
Last year, Valero imported more than 15 million barrels of oil from Russia to make gasoline and other fuels, according to the U.S. Energy Information Administration. The independent refiner bought about one-fifth of all Russian crude imported into the U.S. in 2021.
What does Valero mean?
Val´er`o- 1. (Chem.) A combining form (also used adjectively) indicating derivation from, or relation to, valerian or some of its products, as valeric acid; as in valerolactone, a colorless oily liquid produced as the anhydride of an hydroxy valeric acid.
What is the history of Valero Energy?
History. With this acquisition, Valero also received ownership of Shamrock Logistics L.P., which was renamed Valero L.P. In 2006, the division was spun off as NuStar Energy. Starting in 2002, Valero has expanded its marketing to the East Coast, specifically the Northeast and Florida, using the Valero brand.
How many refineries does Valero have in the US?
Today, Valero has 15 refineries in the U.S., Canada and the U.K., and a total throughput capacity of approximately 3.2 million barrels per day. Valero a leading renewable fuels producer.
Does Valero own basis petroleum?
1997: Valero divests its natural gas business in a deal with PG&E valued at $1.5 billion; company acquires Basis Petroleum, Inc. and its three Gulf Coast refineries. 1998: Refinery in Paulsboro, New Jersey, is purchased from Mobil Corporation.