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Valero Energy Corporation (VLO)

NYSE - NYSE Delayed Price. Currency in USD
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Valero Energy Corporation

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

SectorBasic Materials
IndustryOil & Gas Refining & Marketing
Full Time Employees9,996

Key Executives

NameTitlePayExercisedAge
Mr. Joseph W. GorderChairman, Chief Exec. Officer and Pres4.51MN/A60
Mr. Michael S. CiskowskiChief Financial Officer and Exec. VP2.3MN/A59
Mr. Jay D. BrowningExec. VP and Gen. Counsel1.31MN/A59
Mr. R. Lane RiggsExec. VP of Refining Operations and Engineering1.44M362.28k51
Mr. Gary K. SimmonsSr. VP of Supply, International Operations and Systems Optimization1.12M539.32k52
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The company is involved in refining, marketing, and bulk sales activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuels, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. As of December 31, 2016, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. It markets its refined products through wholesale rack and bulk markets; and through approximately 7,400 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brand names. The company also produces and sells ethanol, distiller grains, and corn oil primarily to refiners and gasoline blenders, as well as to animal feed customers. It owns and operates 11 ethanol plants with a combined ethanol production capacity of approximately 1.4 billion gallons per year. In addition, it operates a 50-megawatt wind farm; convenience stores; gas stations; and truckstop and cardlock facilities, as well as engages in the credit card business. 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 1955 and is headquartered in San Antonio, Texas.

Corporate Governance

Valero Energy Corporation’s ISS Governance QualityScore as of August 1, 2017 is 4. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 6; Compensation: 2.

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 a 10 indicates higher governance risk.