Valero Energy Corporation (VLO)

84.21 -1.43 (-1.67%) 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: 9,964

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Joseph W. Gorder	Chairman & CEO	5.04M	N/A	1957
Mr. R. Lane Riggs	Pres & COO	2.06M	N/A	1966
Mr. Jason W. Fraser	Exec. VP & CFO	1.56M	N/A	1969
Ms. Cheryl Thomas	Sr. VP & CTO	1.19M	N/A	1962
Mr. Gary K. Simmons	Exec. VP & Chief Commercial Officer	1.45M	N/A	1965
Mr. Lawrence Mark Schmeltekopf	Chief Accounting Officer & Sr. VP	N/A	N/A	1964
Mr. Homer Bhullar	VP of Investor Relations & Fin.	N/A	N/A	N/A
Mr. J. Stephen Gilbert	Disclosure & Compliance Officer and Sec.	N/A	N/A	N/A
Mr. Richard Joe Walsh	Sr. VP, Gen. Counsel & Sec.	N/A	N/A	1966
Lillian Riojas	Exec. Director of Media Relations & Communications	N/A	N/A	N/A

Amounts are as of 31 December 2020, 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, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; lube oils and natural gas liquids; and asphalts, petrochemicals, lubricants, and other refined petroleum products. As of December 31, 2020, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 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 refiners and gasoline blenders, as well as to animal feed customers. It owns and operates 13 ethanol plants with a combined ethanol production capacity of approximately 1.69 billion gallons per year. In addition, the company owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets. Further, it owns and operates a plant that processes animal fats, used cooking oils, and other vegetable oils into renewable diesel. 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 26 September 2021 is 4. The pillar scores are Audit: 5; Board: 4; Shareholder rights: 6; Compensation: 3.

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.