Valero Energy Corporation (VLO)

122.74 +0.67 (+0.55%) At close: 04:00PM EST

Valero Energy Corporation

One Valero Way
San Antonio, TX 78249
United States
210 345 2000
https://www.valero.com

Sector(s): Energy
Industry: Oil & Gas Refining & Marketing
Full-time employees: 9,716

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Joseph W. Gorder	Executive Chairman	7.78M	3.74M	1957
Mr. R. Lane Riggs	CEO, President & Director	3.38M	221.44k	1966
Mr. Jason W. Fraser	Executive VP & CFO	2.74M	N/A	1969
Mr. Gary K. Simmons	Executive VP & COO	2.31M	151.53k	1965
Mr. Lawrence Mark Schmeltekopf	Chief Accounting Officer & Senior VP	N/A	N/A	1964
Mr. Mike Zacho	VP of Information Services & Technology	N/A	N/A	N/A
Mr. Homer Bhullar	Vice President of Investor Relations & Finance	N/A	N/A	N/A
Mr. Richard Joe Walsh	Senior VP, General Counsel & Secretary	N/A	N/A	1966
Lillian Riojas	Executive Director of Media Relations & Communications	N/A	N/A	N/A
Mr. Richard F. Lashway	Senior Vice President of Corporate Development & Strategy	N/A	N/A	1963

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils. It sells its refined products through wholesale rack and bulk markets; and through approximately outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

Corporate governance

Valero Energy Corporation’s ISS governance QualityScore as of 1 December 2023 is 3. The pillar scores are Audit: 3; Board: 5; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.