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Valero Energy Corporation was born in 1980 out of Lo-Vaca Gathering Company, a subsidiary of Coastal Corporation, a Houston-based natural gas pipeline company. The company’s name was inspired by the mission of San Antonio de Valero, originally known as the historic Alamo Castle. Valero has grown to epitomize the rich history of Texas.

A major event occurred in 1985 when Valero acquired Corpus Christi Marine Services Company, a barge company in Corpus Christi, Texas. This marked the beginning of Valero’s refining and marketing activities, a significant step up from Valero’s previous concentration on natural gas operations. This acquisition paved the way for Valero’s subsequent success.

In 1997, Valero made the strategic decision to sell its natural gas operations to Pacific Gas and Electric Company, allowing the corporation to focus on refining and marketing. That same year, Valero strengthened its presence in the industry by purchasing Basis Petroleum, thereby acquiring four refineries in Texas and Louisiana.

The scope of Valero’s growth and expansion was significant. After acquiring numerous other refineries, the corporation became the owner of the largest refinery in the United States in Port Arthur, Texas. Valero’s operations have expanded to include an extensive network of retail gasoline stations and stores, underscoring its leadership position in the energy sector.

Valero dominates the petroleum industry as the largest independent refiner and marketer of petroleum products in the United States. The company operates throughout the United States, Canada, and the United Kingdom, and its products are distributed in the U.S., Canada, the United Kingdom, Ireland, and Latin America. In addition, as a leading ethanol producer with plants in the Midwest, Valero has a significant presence in the petroleum industry.

As a Fortune 500 company, Valero has a significant impact on the business environment and has a significant impact on San Antonio, Texas. With a market capitalization of over $100 billion and a workforce of over 100,000 employees, Valero has established itself as a formidable leader in the industry.

In 1980, Valero Energy Corporation was founded, marking the beginning of a thriving energy sector.

In 1985, Valero’s acquisition of Corpus Christi Marine Services Company marked a major milestone in the company’s development, laying the foundation for future growth and success.

In 1997, a partnership between Valero and Pacific Gas and Electric Company began, resulting in Valero transferring its natural gas operations to Pacific Gas and Electric Company.

That same year, Valero embarked on an ambitious expansion of its business by acquiring Basis Petroleum, signaling a new phase of growth and opportunity.

In 2000, Valero accomplished the landmark feat of acquiring Diamond Shamrock, which had a significant impact on the energy industry.

In 2005, Valero embarked on the strategic acquisition of Premcor to expand its presence in the refining sector.

In 2011, Valero made a strategic expansion of its business by acquiring Sunoco, which initiated a new phase of growth.

Finally, in 2018, Valero undertook an important initiative by acquiring Shell’s refining and distribution assets on the East Coast, further strengthening its position in the industry.