LYCOS RETRIEVER 
Valero Energy
built 201 days ago
Valero Energy is on a mission. Named after the Alamo (the Mission San Antonio de Valero), the company is the largest independent oil refiner in the US. Valero refines low-cost residual oil and heavy crude into cleaner-burning, higher-margin products, including low-sulfur diesels. It operates 17 refineries with a total production capacity of more than 3.1 million barrels per day. These plants are located in California, Delaware, Louisiana, New Jersey, Oklahoma, Tennessee, Texas, and in Aruba and Canada. It ... has a network of 5,500 retail gas stations and wholesale outlets bearing the Corner Store, Diamond Shamrock, Shamrock, Ultramar, Valero, Stop N Go, and Beacon names in 42 US states and Canada.
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Based in San Antonio, Valero Energy is a diversified energy company engaged in the production, transportation and marketing of environmentally clean fuels and products. Valero's core businesses are specialized refining and natural gas related services. Valero refines high-sulfur atmospheric residual oil into premium products, primarily reformulated gasoline, at its 170,000-barrel-per-day refinery in Corpus Christi, Texas, and markets those products. In addition, through its 8,000-mile natural gas pipeline system and eight natural gas processing plants, Valero is a major gatherer, processor, transporter and marketer of natural gas, natural gas liquids and electricity.
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United States of America : Valero Energy Corp.'s refinery in Houston had a sulfur dioxide spill on October 4, 2006. Fire department officials said 27 people were taken to area hospitals from the plant, which is about six miles east of downtown Houston, and as many as 30 others were being assessed for the effects from the leak. The workers ran to a park near the refinery, but the fumes quickly spread beyond the plant's boundaries. "People just started dropping (unconscious)," one worker who declined to give his name, told Reuters.
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Valero Energy Corp. (VLO) opened at 70.51. So far today, the stock has hit a low of 70.30 and a high of 72.28. VLO is now trading at 71.97, up 2.55 (3.62%). The stock hit its 52 week high of 78.68 in July and set its 52 week low of 47.66 in January. VLO climbed during the first half of 2007, but has been moving sideways for the past few months. Valero Energy announced today its third-quarter profit fell almost 21% to $1.27 billion, hurt by lower margins.
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On March 20, 2001, Reuters news service reported that Valero Energy Corp. has agreed to acquire Huntway Refining Co. The transaction is valued at $78-million, including assumption of Huntway's debt and options. This transaction adds to Valero's West Coast presence, which formerly was limited to the 130 thousand-barrels-per-day Benicia, California refinery acquired from Exxon Mobil in early 2000. Valero hereby enters the California and West Coast asphalt markets.
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Valero Energy was founded as a natural gas pipeline on the first day of 1980. In an effort to diversify itself into a broad-based energy firm, the company purchased a petroleum refinery shortly after its inception. Renovation and start-up of this facility in a difficult world petroleum market nearly put Valero out of business. The company subsequently sold off its natural gas properties to a limited partnership to retain financial stability and concentrate on its refining activities. Conditions in the petroleum industry repaid this gamble, and Valero Energy thrived in the late 1980s and early 1990s. From there, the Valero of the early 21st century was largely engineered through acquisitions.
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Valero Energy