Valero Energy Corporation is a manufacturer and marketer of power, transportation fuels, and petrochemicals.
The company was created as a spinoff of Coastal States Gas Corporation in 1980 and at the time was the largest corporate spinoff in history.
Valero immediately took over the natural gas operations of LoVaca Gathering Company. The company acquired its first oil refinery in 1984.
The company grew, acquiring companies with refineries all over the world, as well as hundreds of gas stations.
Today Valero owns 16 petroleum refineries with a daily capacity of 3 million barrels and almost 2,000 gas stations over the U.S. Canada, U.K., Aruba, and Ireland under the names Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco.
Valero is traded on the New York Stock Exchange under the symbol VLO, is part of the S&P 500, has 10,222 employees, and had $125.987 billion in revenue in 2011.