Valero Energy Corp.

Valero Energy Corp.

Valero Energy Corp.

Overview
Date Founded

1980

Headquarters

One Valero Way, San Antonio, TX, 78249, USA

Type of Company

Public

Employees (Worldwide)

10.2K

Industries

Oil & Gas
Wholesale: Raw Materials
Retail: Food & Beverage
Power & Utilities

Company Description

Valero Energy Corporation is a Fortune 500 company based in San Antonio, and through its subsidiaries is the world’s largest independent petroleum refiner and marketer. Valero supplies fuel and products that improve people’s lives with 16 refineries and 10 ethanol plants stretching from the U.S. West and Gulf coasts to Canada, United Kingdom and the Caribbean. Well-positioned pipelines and terminals allow Valero to deliver premium-quality clean fuels quickly, responsibly and efficiently. Our diversified product slate supports dozens of industries, from health care and plastics to transportation, beauty products and manufacturing.

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Executives & Employees

Chairman & Chief Executive Officer

President & Chief Operating Officer

Executive Vice President & Chief Financial Officer

Senior Vice President & Chief Technology Officer

Executive Vice President & Chief Commercial Officer

Chief Accounting Officer & Senior Vice President

Senior Vice President-Alternative Energy & Project Development

Senior Vice President Wholesale Marketing & International Commercial Operations

Vice President-Supply Chain Optimization

Vice President-Refining Operations

Board of Directors

Chairman & Chief Executive Officer at Valero Energy Corp.

Chief Legal Officer & Secretary at Procter & Gamble Co.

Chair, Mergers & Acquisitions Practice at Jones Day

Vice Chair, Unite Forever Campaign at United Way of Metropolitan Dallas

Former Vice Chairman at Southwest Research Institute

Former Senator from Oklahoma

Chairman & Chief Executive Officer at HMS Ventures LLC

Chairman, President & Chief Executive Officer, Southern Company Gas at The Southern Company

Managing Member at Mile26 Capital LLC

Limited Partner, Managing Director at Lime Rock Management LP

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Valero Energy Corp.
Owners & Shareholders
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Barrow, Hanley, Mewhinney & Strauss has a strict definition of value. Our equity portfolios exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions. As a result, each of our clients is assured that we will do our part to maintain the style integrity of their overall portfolio. In fixed income, we define value as temporarily mispriced securities with yield-to-maturity advantages over Treasury bonds of comparable maturity. We identify each opportunity from the bottom up, building a duration-neutral portfolio designed to "out-yield" the market. In this way, Barrow Hanley seeks to achieve higher total returns for our fixed income clients with below-benchmark volatility. Mutual Fund Sub-Advisory Services Stability of investment team, strict adherence to style and uniformity of process are hallmarks of Barrow Hanley. Through an investment in a Barrow Hanley sub-advised mutual fund, individual investors are able to access the research-driven, bottom-up approach to active security selection that is utilized by major pension plans, foundations and endowments, and other institutional investors worldwide. Barrow Hanley currently serves as a sub-advisor to more than 30 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., we sub-advise a number of internationally-based funds.

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Thornburg is an active, long-term manager that aims to preserve and increase the real wealth of their investors through a range of equity strategies that redefine traditional measures of value and growth and through a family of bond strategies that focus on quality, stability and minimizing risk over time. The firm employs a fundamental and comprehensive analytical approach to equity investing. Their equity funds focus on a limited number of securities so that each holding can impact performance. Thornburg's equity team searches for firms that are believed to have a promising future and they seek to buy shares of those companies at a discount to their intrinsic value. On the fixed-income side, the firm conducts fundamental, bottom-up research in an effort to identify bonds they believe provide the best return for a given level of risk.

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KBI focuses on their core areas of expertise: environmental equity strategies, dividend-oriented strategies and multi-asset strategies. They follow a diversified, total return approach emphasizing the importance of dividend yield, dividend growth and price increases. They invest across industries, regions and market-caps. The firm offers differentiated and innovative investment strategies which enable investors to generate consistent alpha with less risk. Each strategy is managed by specialist teams with investment autonomy and operational independence.

Recent Transactions
Details Hidden

Valero Energy Corp. purchases Valero Energy Partners LP

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Valero Energy Corp. purchases Valero Peru SAC from Pegasus Capital Advisors LP

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Valero Energy Corp., Valero Logistics UK Ltd. purchase Valero Pembrokeshire Oil Terminal Ltd. from SemGroup Corp.

Transaction Advisors
Legal Advisor

Advised onValero Energy Corp. purchases Premcor, Inc.

Investment Advisor

Advised onValero Energy Corp. purchases Ultramar Diamond Shamrock Corp.

Accountant

Advised onValero Energy Corp. purchases Ultramar Diamond Shamrock Corp.

Legal Advisor

Advised onCST Brands, Inc. issued USD Common Stock

Legal Advisor

Advised onValero Energy Corp. purchases Valero Energy Partners LP

Associate

Advised onValero Energy Corp. purchases Valero Energy Partners LP

Advisors & Consultants
Advisor

Former Corporate Client Solutions Head, Americas at UBS Investment Bank Switzerland

Advisor

Chief Financial Officer, Director & Executive Vice President at Valero Energy Partners LP

Legal Advisor

Partner at Nossaman LLP

Clients

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Global Partners LP engages in purchasing, selling, storing, and logistics of transporting petroleum and related products. It operates through the following business segments; Wholesale, Gasoline Distribution and Station Operations (GDSO) and Commercial. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. The GDSO segment includes sales of branded and unbranded gasoline to gasoline station operators and sub jobbers. The Commercial segment refers to the sales and deliveries to end user customers in the public sector and to large commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel, and natural gas. The company was founded in March 2005 and is headquartered in Waltham, MA.

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Key Stats and Financials As of 2019
Market Capitalization
$20.9B
Total Enterprise Value
$47.8B
Earnings Per Share
$5.85
Revenue
$108B
Enterprise Value / Sales
0.44x
Enterprise Value EBITDAOperating
7.53x
TEVNet Income
19.79x
Debt TEV
0.23x
EBITDAMargin
5.7%
EBITDA
$6.17B
Total Debt
$11B
Total Equity
$22.5B
Net Profit
$2.42B
Three Year Compounded Annual Growth Rate Of Revenue
12.71%
Non-Profit Donations & Grants
Political Donations
$5,000
2014
$1,500
2014
Investments
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Enerkem, Inc. develops renewable biofuels and chemicals from waste. It is a gasification technology company specializing in converting low and negative value waste stream into liquid alcohols used for transportation fuels. The firm through the combination of a proprietary thermo chemical technology platform and community-based facilities addresses the oil dependence and waste disposal. The company was founded by Vincent Chornet and Esteban Chornet in 2000 and is headquartered in Montréal, Canada.

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Mascoma Corp. develops technology for abundant biomass conversion. The firm operates through its bioprocessing technology platform, develops bioengineered yeasts and other microorganisms. It also designs and manufactures equipment that processes cellulosic biomass for further biological or chemical conversion. The company was founded by Lee R. Lynd, Charles E. Wyman and Robert J. Johnsen in 2005 and is headquartered in Waltham, MA.

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Qteros, Inc. develops cellulosic ethanol transportation fuel. The firm utilizes a Q Microbe that converts all fermentable components of biomass to ethanol. The company was founded by Stephan Rogers, Jeffrey Hausthor, Susan Leschine, Jonathan Gorham, John Fabel and Jeffrey C. Sharp in 2006 and is headquartered in Amherst, MA.

Suppliers
Albemarle Corp. Chemicals | Baton Rouge, LA

At Albemarle, our 4,000+ employees around the globe put their ideas and innovations to work every day for communities and customers around the globe. We focus on creating solutions that meet society's needs in over 100 countries. We are a leading developer, manufacturer and marketer of complex chemicals and services that make life better for people everywhere. Whether it's Polymer Solutions, Catalysts or Fine Chemistry, we leverage our knowledge, experience and creativity to solve our customers' toughest challenges and deliver valuable solutions the right way. Our innovations are seen in everyday applications such as those that add life-saving properties to resins used in electronics and appliances, protect crops, reduce mercury emissions, safeguard food against bacteria, provide the active ingredients in pharmaceuticals and that help create cleaner transportation fuels. Our products and services create value for our customers by improving product performance, providing essential product attributes, lowering costs and simplifying processes. Through our innovation-driven culture and growth-focused strategies, Albemarle is committed to delivering exceptional performance that creates a better tomorrow for all of our stakeholders

Earthstone Energy, Inc. Oil & Gas | Denver, CO

Earthstone Energy, Inc. is an independent oil and gas holding company. It engages in the acquisition, exploration, development, and production of oil and gas reserves. It also focuses on the Midland Basin and Eagle Ford Trend properties. The company was founded on July 7, 1969 and is headquartered in the The Woodlands, TX.

CECO Environmental Corp. Power & Utilities | Cincinnati, OH

CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions, Fluid Handling Solutions, and Corporate and Other. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.

Competitors
Delek US Holdings, Inc. Oil & Gas - Brentwood, Tennessee

Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.

HollyFrontier Corporation Oil & Gas - Dallas, TX

HollyFrontier Corporation (NYSE: HFC) is among the largest independent petroleum refiners in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions. Subsidiaries of HollyFrontier Corporation produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. The Company is headquartered in Dallas, Texas and operates five complex refineries with 443,000 barrels per day of crude oil processing capacity. Subsidiaries of HollyFrontier Corporation manufacture and market lubricants and specialty products through a subsidiary. Subsidiaries of HollyFrontier Corporation manufacture and market asphalt products and other heavy products at our five refineries and at our asphalt terminals in Arizona and New Mexico. The Company owns a 42% interest in Holly Energy Partners, L.P. (NYSE: HEP).

Marathon Petroleum Corp. Oil & Gas - Findlay, OH

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels per day of refining capacity. Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

Awards & Honors
Rank #32
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #32
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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