Valero Energy Corporation Competition
Valero Energy was not only named after a mission (the Mission San Antonio de Valero), it is on a mission to be the largest independent refiner in the US. Although Phillips 66 is larger by sales, Valero bests that rival by capacity, churning out about 3 million barrels per day. Valero refines low-cost residual oil and heavy crude into cleaner-burning, higher-margin products, including low-sulfur diesels. It operates 16 refineries in the US, Canada, and the UK. It also has 10 ethanol plants. Valero has a network of some 6,800 retail and wholesale gas stations bearing the Corner Store, Diamond Shamrock, Shamrock, Ultramar, Valero, Stop N Go, and Beacon names in 44 US states and in Canada.
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Year Founded
1981
Annual Revenue (mil)
$125987.0