Valero Energy

What Valero Energy does

Valero Energy Corporation is a Fortune 500 independent petroleum refiner and leading producer of low-carbon transportation fuels, headquartered in San Antonio, Texas, and listed on the NYSE under ticker VLO. The company operates 14 petroleum refineries with 3.2 million barrels per day of throughput capacity across the United States, Canada, and the United Kingdom, processing crude oil into gasoline, diesel, jet fuel, and specialty products such as asphalt, propane, solvents, and natural gas liquids. Refining accounts for approximately 90% of the business.

Valero operates three interconnected segments: Refining, Renewables (12 ethanol plants producing 1.7 billion gallons annually, and the Diamond Green Diesel joint venture with Darling Ingredients producing approximately 1.2 billion gallons of renewable diesel annually, with a Port Arthur facility capable of converting up to 235 million gallons into sustainable aviation fuel), and Branded Marketing. The company markets transportation fuels under the Valero, Diamond Shamrock, Beacon, and Shamrock brands through a dual-channel model comprising branded and unbranded distributors, supplemented by direct national accounts and corporate SAF agreements.

Valero generates revenue primarily through transactional sales of refined petroleum products and renewable fuels at commodity-linked pricing. The company generated $32.4 billion in Q1 2026 revenue (up 7% YoY) and $1.3 billion in Q1 2026 net income, a sharp swing from a $595 million loss in Q1 2025. With a market capitalization of approximately $70-71 billion and a quarterly dividend of $1.20 per share (raised 6% in 2026), Valero serves wholesale distributors, retail consumers through the ValeroPay+ mobile app, airlines and corporate ESG buyers (American Airlines, Google), and bulk fuel purchasers across North America and Europe.

Name

Valero Energy

Legal name

Valero Energy Corporation

Website

https://valero.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Valero Energy is a Fortune 500 independent petroleum refiner operating 14 refineries with 3.2 million barrels per day of capacity across the US, Canada, and the UK, producing transportation fuels, renewable diesel, ethanol, and sustainable aviation fuel for wholesale distributors, branded retailers, airlines, and corporate buyers.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (32411), Gasoline Stations (4571), Petrochemical Manufacturing (32511)

SIC

Petroleum Refining (2911), Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum Bulk Stations & Terminals (5171), Industrial Organic Chemicals (2860)

akta.pro primary industry

Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)

akta.pro secondary industries

Aviation Fuel Marketing (Into-Plane, Airport Fueling) (EUALAIAH), Renewable Diesel (HVO/HEFA) Production (EUAAAHAD), Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ)

Keywords

• Petroleum refining
• Renewable diesel production
• Ethanol manufacturing
• Sustainable aviation fuel
• Branded fuel distribution

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Refining Operations: Valero's core business involves refining crude oil into transportation fuels including gasoline, diesel, and jet fuel. Crude refining accounts for approximately 90% of business. The company operates 14 refineries with 3.2 million barrels per day throughput capacity across the United States, Canada, and United Kingdom.
2. Renewable Diesel and SAF: Production and sale of renewable diesel and sustainable aviation fuel through the Diamond Green Diesel joint venture with Darling Ingredients, with capacity expanded to approximately 1.2 billion gallons annually by Q1 2026. The Port Arthur project adds 235 million gallons of annual SAF conversion capacity.
3. Ethanol: Production and marketing of ethanol through 12 ethanol plants producing 1.7 billion gallons annually
4. Specialty Products: Production and distribution of specialty products including asphalt, propane, solvents, and natural gas liquids
5. Branded Fuel Distribution: Branded wholesale distribution through network of independent distributors operating Valero, Diamond Shamrock, Beacon, and Shamrock branded retail stations

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Valero Energy manufactures and markets transportation fuels and other petrochemical products through three integrated business segments: Refining (14 refineries with 3.2 million bpd throughput producing gasoline, diesel, jet fuel, asphalt, propane, solvents, and natural gas liquids), Renewables (12 ethanol plants producing 1.7 billion gallons annually plus the Diamond Green Diesel joint venture producing approximately 1.2 billion gallons of renewable diesel/SAF annually), and branded fuel marketing through Valero, Diamond Shamrock, Beacon, and Shamrock station networks with TOP TIER certified fuels.

Product overview

Valero Energy is the world's premier independent petroleum refiner and leading profitable producer of low-carbon transportation fuels. The company operates three interconnected business segments: Refining (14 petroleum refineries in the US, Canada, and UK processing crude into gasoline, diesel, jet fuel, and petrochemicals), Renewables (ethanol production from 12 plants at 1.7 billion gallons annually, renewable diesel via the Diamond Green Diesel joint venture at 1.2 billion gallons capacity, and sustainable aviation fuel), and branded fuel marketing through Valero, Diamond Shamrock, Beacon, and Shamrock station networks. The ValeroPay+ mobile app provides consumer payment integration with Apple Pay, Google Pay, Samsung Pay, PayPal, and Venmo, while the Diamond Green Diesel joint venture with Darling Ingredients enables SAF production at the Port Arthur facility (235 million gallons annually). The company also produces specialty products including asphalt, propane, solvents, and natural gas liquids.

Differentiator

Problem solved

Functional benefit

Brands

• Diamond Green Diesel (DGD): Joint venture with Darling Ingredients producing approximately 1.2 billion gallons annually of renewable diesel, with capacity to convert up to 235 million gallons into sustainable aviation fuel (SAF) at Port Arthur.
• ValeroPay+
• Valero Branded Stations

Products and services

• Crude Oil Refining Petroleum refining operations processing crude oil into transportation fuels including gasoline, diesel, jet fuel, and petrochemical feedstocks. Operates 14 refineries in the US, Canada, and UK processing approximately 3.2 million barrels per day.
• Ethanol Biofuel produced from corn and other agricultural feedstocks, sold as a low-carbon transportation fuel alternative. Valero operates 12 ethanol plants producing 1.7 billion gallons annually.
• Renewable Diesel Low-carbon fuel produced from waste feedstocks and renewable sources, marketed as a drop-in replacement for conventional diesel with lower carbon intensity.
• Sustainable Aviation Fuel (SAF) Low-carbon aviation fuel produced from waste-based feedstocks like used cooking oil, designed to reduce lifecycle greenhouse gas emissions for commercial aviation.
• Branded Valero Fuel Stations TOP TIER certified fuel offered through Valero's branded retail station network, providing high-quality gasoline and diesel to consumers under brand names including Valero, Diamond Shamrock, Beacon, and Shamrock.
• Specialty Products Portfolio including asphalt, propane, solvents, and natural gas liquids produced as by-products or specialty outputs from refining operations.
• ValeroPay+ Mobile App Mobile payment application enabling consumers to pay for fuel and convenience store purchases at Valero-branded stations with savings and convenience features.
• Diamond Green Diesel (DGD) Joint venture with Darling Ingredients producing renewable diesel and SAF. Production capacity approximately 1.2 billion gallons annually by Q1 2026 with capacity to convert up to 235 million gallons into SAF at Port Arthur.

Quantifiable outcome

• Q1 2026 net income $1.3 billion, swinging from $595 million loss in Q1 2025
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• American AirlinescoreStrategic or Co-development Partner · 10 June 2026American Airlines secured long-term SAF offtake agreement with Valero Marketing and Supply Company, enabled by Google's landmark SAF certificate agreement covering 35 million gallons over three years. The deal delivers SAF from waste-based feedstocks at Chicago O'Hare International Airport, expected to reduce nearly 300,000 metric tons of CO2e emissions.
• Darling IngredientscoreStrategic or Co-development Partner · 9 June 2026Diamond Green Diesel (DGD) joint venture between Valero and Darling Ingredients has increased renewable fuel production capacity from 160 million gallons annually in 2013 to approximately 1.2 billion gallons by Q1 2026, generating over $3 billion in cumulative EBITDA since inception.
• Texas Super KingsminorGTM or Marketing Partner · 25 May 2026Two-year partnership renewal extending Valero's role as Associate Partner and exclusive Back-of-Helmet Sponsor for the Major League Cricket team through 2028. Builds on successful 2025 collaboration with integrated digital and marketing campaigns.

Scale indicators13 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Shell: Global integrated energy major with US Gulf Coast refining and renewable fuels. Operates in overlapping fuels marketing, SAF, and lubricants segments.
• ExxonMobil: Largest US integrated oil major with substantial Gulf Coast refining and rapidly expanding renewable diesel capacity. Valero competes head-to-head for crude feedstock and downstream customers.
• BP: Integrated oil major with significant US refining capacity and growing biofuels/SAF investments through Castrol and bp pulse. Overlaps with Valero on refined products, wholesale, and low-carbon fuels.

Direct peers

• PBF Energy: Independent US refiner operating five refineries with ~1M bpd capacity focused on heavy crude processing. Closely comparable to Valero on conversion refining business model, though smaller and without significant renewables.
• Delek US Holdings: Mid-continent US refiner with smaller refining footprint and convenience retail operations. Comparable product mix and customer type though more limited renewable fuels exposure.
• Marathon Petroleum: Largest US independent refiner with comparable refining capacity, renewable diesel investments (Martinez facility), and branded fuel marketing. Closely matches Valero's integrated refining + renewables business model.
• HF Sinclair: US independent refiner with renewable diesel operations (through Sinclair Oil and HollyFrontier legacy assets) and branded fuel marketing. Overlapping customer base and similar scale in US refining.
• CVR Energy: Smaller independent refiner with renewable diesel exposure (CVR Renewables). Directly comparable business model though much smaller scale than Valero.
• Phillips 66: US-based independent refiner with renewable diesel and renewable fuels operations, midstream assets, and branded marketing. Directly competes with Valero across refining, renewables, and wholesale fuel distribution.

Others

• Darling Ingredients: Joint venture partner in Diamond Green Diesel and a leading renderer of used cooking oil and animal by-products used as renewable diesel feedstock. Strategic supplier and co-owner rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/ValeroEnergy1
• Facebookfacebook.com/valeroenergy
• LinkedInlinkedin.com/company/valero-energy-corporation
• Instagraminstagram.com/valeroenergy
• Xx.com/valeroenergy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Valero Energy