![]() Later that year, Valero acquired Basis Petroleum, which left it with four refineries in Texas and Louisiana. ![]() At the same time, the remaining divisions, which consisted primarily of natural gas operations, were acquired by PG&E. In 1997, Valero spun off its refining and retail divisions into a separate company, which kept the Valero name. The company acquired a small oil refinery in Corpus Christi, Texas, in 1981, and began refining operations in 1984. The name Valero comes from Misión San Antonio de Valero, the mission founded in 1718 from which the city of San Antonio started, which is better known worldwide as The Alamo. Valero took over the natural gas operations of the LoVaca Gathering Company, a defunct subsidiary of Coastal States Gas. At the time, it was the largest corporate spinoff in U.S. Valero was created on January 1, 1980, as a spinoff from the Coastal States Gas Corporation. Valero also retails gasoline branded as Valero, Shamrock, Diamond Shamrock, Ultramar, Beacon, and Total. Valero is also one of the nation’s largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas, with 21,836 employees and annual revenue of more than US$90 billion. Valero’s slogan since 2002 has been “The energy to take you anywhere.” ![]() The San Antonio-based energy company has many gas stations throughout Texas. Valero Energy Corporation began in 1980 and takes its name from Mission San Antonio de Valero (better known as the Alamo). ![]()
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