Valero Energy Corporation

Valero Energy Corporation is an international manufacturer and a leading marketer of transportation fuels and other petrochemical products, the power. It was founded on January 1, 1980, as the successor of coastal State gas Corporation's subsidiary. The LoVaca Gathering Company was then renamed the Valero Transmission Company. In 1997, Valero Energy Company created Valero for its stockholders.

At the same time, Valero's natural gas operations division merged with a subsidiary of Pacific Gas and Electric Company. In May 1997, the firm acquired Basis Petroleum and completed the acquisition of the Paulsboro, New Jersey refinery in 1998. It was the company's first outside of the Gulf Coast area acquisition. After two years, it purchased ExxonMobil's Benicia, California, refinery and showed interest in 350 Exxon-branded service stations in California. It acquired the Huntaway Refining Company and two Asphalt plants on the West Coast. The same year in December, it received Ultramar Diamond Shamrock. Valero got over 4700 Ultramar, Diamond Shamrock, and Beacon retail sites in the U.S., Canada, and the Caribbean with the merger. This acquisition provided the ownership of Shamrock Logistics L.P. to Valero (it was renamed Valero L.P. in 2006). In April 2005, Valero showed interest in buying Premcor Inc for $8 billion in cash and stock to become the largest U.S. refiner.

In June 2005, it announced a two-year process of converting Diamond Shamrock stations to the Valero brand, and the next, it agreed to buy 72 Albertsons station gas stations. In 2011, Valero announced that it had decided to make a significant European purchase from Chevron Corp for $730 million in cash. The Valero was to acquire Chevron's Pembroke Refinery in Wales, one of Europe's most considerable assets throughout the United Kingdom and Ireland, which included four pipelines, 11 terminals, an aviation fuel business, about 1000 retail outlets, inventory, and other items. Further, in 2013, Valero changed its retail operations into a new publicly-traded company, CST Brands.