What is Valero Energy?
Refining, renewable fuels, and ethanol company with $122.7B 2025 revenue, headquarters in San Antonio, TX, and public-market scale as VLO.
- Category
- Refining, renewable fuels, and ethanol
- Headquarters
- San Antonio, TX
- Founded
- 1980
- Employees
- 10,000
- Total funding
- Public company; VLO
- Status
- VLO; ~$70B market cap
What is Valero Energy?
Valero Energy is a refining, renewable fuels, and ethanol business headquartered in San Antonio, TX. Valero is a major independent petroleum refiner and renewable fuels producer with 15 refineries, renewable diesel through Diamond Green Diesel, and a large ethanol platform.
Valero Energy operates at public-company scale with $122.7B 2025 revenue, 10,000 employees, and a June 2026 market value around ~$70B. Valero is a major independent petroleum refiner and renewable fuels producer with 15 refineries, renewable diesel through Diamond Green Diesel, and a large ethanol platform. Its core operating areas include Refining, Renewable Diesel, Ethanol, Logistics, Wholesale fuels, and related capabilities that make the company important to its industry.
The business is asset-intensive and operationally complex, so performance depends on commodity markets, regulated returns, manufacturing uptime, safety, capital projects, procurement, reliability, and disciplined execution. Valero Energy also has a meaningful technology agenda because field assets, plants, mines, stores, customers, traders, engineers, and corporate functions all depend on modern data and workflow systems.
For sellers, Valero Energy is a plant reliability and margin-optimization buyer. The best entry points are not generic corporate pitches; they are measurable improvements in safety, uptime, margin, customer reliability, energy efficiency, field productivity, supply chain, analytics, cybersecurity, or capital-project delivery.
What does Valero Energy offer?
Valero Energy offers Gasoline, Diesel, Jet fuel, Asphalt, Petrochemical feedstocks, Renewable diesel, and adjacent services or operating capabilities tied to its core assets.
- Gasoline· Refining
- Diesel· Renewable Diesel
- Jet fuel· Ethanol
- Asphalt· Logistics
- Petrochemical feedstocks· Wholesale fuels
- Renewable diesel· Branded marketing
- Ethanol· Low-carbon fuels
- Distillers grains· Refining
How does Valero Energy make money?
Valero Energy makes money through refining margins, wholesale and branded fuel sales, renewable diesel joint-venture economics, ethanol margins, logistics, and commodity risk management.
Valero Energy's business model is based on refining margins, wholesale and branded fuel sales, renewable diesel joint-venture economics, ethanol margins, logistics, and commodity risk management. Pricing is not a public SaaS-style tier list; it is set through regulated tariffs, commodity benchmarks, customer contracts, spot prices, negotiated industrial terms, or project economics depending on the business line.
The main economic drivers are volume, utilization, price/cost spreads, capital efficiency, operating reliability, maintenance discipline, working capital, customer demand, and regulatory or commodity-market conditions. In 2025 the company reported $122.7B 2025 revenue, giving it meaningful purchasing power but also a strong bias toward projects with quantified operating impact.
Growth depends on the same practical levers that shape large industrial buyers: safer operations, better uptime, lower unit cost, better forecasting, tighter procurement, faster engineering, cleaner data, and improved customer or asset performance. Vendors should connect proposals to those levers and expect technical, procurement, legal, security, and finance review.
Who leads Valero Energy?
Valero Energy is led by R. Lane Riggs, with senior leadership including Jason Fraser, Gary Simmons, Richard Walsh.
- R. Lane RiggsChairman, President and Chief Executive OfficerCEO since 2023Leads refining operations, renewables, and capital allocation.
- Jason FraserExecutive Vice President and Chief Financial OfficerCFO since 2020Leads finance, treasury, and investor relations.
- Gary SimmonsExecutive Vice President and Chief Operating OfficerSenior executive leadershipRuns refining and commercial operations.
- Richard WalshExecutive Vice President and General CounselSenior executive leadershipLeads legal, compliance, and governance.
How do you contact Valero Energy's leadership?
Valero Energy publishes investor, media, supplier, customer, or contact-form routes, but it does not publish a verified personal executive email pattern for the leaders below. Use the official investor/contact route for Valero Energy rather than guessed personal addresses.
Official investor/contact page is public; personal executive email format not verifiedHow much funding has Valero Energy raised?
Valero Energy is a mature public company, not a VC-backed startup. It trades as VLO, had a market capitalization of ~$70B in the June 2026 snapshot used here, and funds operations through operating cash flow, public debt/equity access, and industry-specific capital programs.
Valero Energy does not have a current venture funding total. The relevant capital history is its public listing, operating cash flow, debt-market access, dividends or buybacks where applicable, acquisitions, portfolio actions, and reinvestment in long-lived assets.
As of the June 2026 market snapshot used for this profile, VLO was valued at about ~$70B. The company reported $122.7B 2025 revenue, which is the operating scale sellers should use when thinking about budget capacity, procurement maturity, and the size of projects that can matter.
Seller signal: Valero Energy can buy at enterprise and industrial scale, but budget owners will demand measurable business cases. Strong proposals quantify safety, uptime, throughput, margin, asset integrity, grid/customer reliability, procurement savings, emissions, or working-capital improvement.
How did Valero Energy get here?
Valero Energy's path is a public-company operating history shaped by founding roots, portfolio changes, leadership transitions, and 2025-2026 market conditions.
- 1980Valero foundedValero begins as a San Antonio energy company.
- 1997Refining expansion beginsThe company starts major acquisition-led refining growth.
- 2005Premcor acquisitionValero becomes one of the largest independent refiners.
- 2013CST Brands spin-offValero separates retail operations.
- 2022Diamond Green Diesel expansionRenewable diesel becomes a larger strategic platform.
- 2025$122.7B revenueValero reports lower but still very large full-year revenue.
Who are Valero Energy's competitors?
Valero Energy competes with public and private companies across refining, renewable fuels, and ethanol, adjacent assets, capital projects, customers, labor, technology, and commodity or regulated markets.
- Marathon PetroleumLarge U.S. refiner with MPLX midstream scale.
- Phillips 66Downstream peer with refining, midstream, and marketing assets.
- ExxonMobilIntegrated major with refining and fuels marketing scale.
- ChevronIntegrated major with refining and branded fuel operations.
- PBF EnergyIndependent refiner competing in U.S. regional refining markets.
Valero Energy — frequently asked questions
