Valero Energy Corporation
Investments
11Portfolio Exits
3Partners & Customers
10
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Latest Valero Energy Corporation News
Sep 22, 2023
Valero, the owner of the Texaco brand, will be opening its first Valero-branded fuel retail site in the UK in October, marking the introduction of the first new fuel retail brand in the UK since 2015. Ascona Group’s flagship Green Garage Service Station in Pembroke, west Wales, will be re-branded to Valero and will offer the same fuel previously sold there under the Texaco brand. Two more Ascona sites are also to be re-branded to Valero during October – Ascona Crossways in Neyland and Ascona Tenby Road near Carmarthen. Valero has a long association with the Pembroke area. The company owns and operates the Pembroke refinery west of Pembroke, as well as a fuel terminal at Waterston near Milford Haven, making the Ascona service stations and Pembroke a natural fit for the introduction of the Valero brand into the UK. The opening marks the first foray into the UK retail sector by US-based energy company Valero Energy under the Valero brand. However, there are more than 6,000 Valero-branded outlets in the US and Mexico. Since buying Pembroke refinery and the UK marketing and logistics assets in 2011, Valero has made considerable investments in its logistics infrastructure and network. “The natural progression for the company was to bring the Valero brand to UK forecourts,” Valero’s vice president of UK commercial operations, Chuck Pettibon, said. “We’re extremely excited to be launching the Valero brand in the UK. It is a very attractive image that offers large and small fuel retailers the option for a new look to their forecourts. Retailers have asked when the brand would be introduced into the UK, and now it is.” The company said that with ownership of the Valero brand, it has greater flexibility to determine what can be offered and how it can be aligned with Valero’s corporate ethos. It explained that the Valero brand has a strong community ethic, and this community spirit will be offered to Valero-branded retailers, supporting their community and charity efforts and together, giving back to the community through charity events or volunteering. Valero is keen to partner with Ascona on its community outreach initiatives. It added that it would be focused on demand-driven, organic growth of the Valero-branded retail sites.
Valero Energy Corporation Investments
11 Investments
Valero Energy Corporation has made 11 investments. Their latest investment was in BCarbon as part of their Grant on June 6, 2022.

Valero Energy Corporation Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/15/2022 | Grant | BCarbon | $0.28M | Yes | 1 | |
7/29/2011 | Series D | Enerkem | $30M | No | 2 | |
6/6/2011 | Series C | Enerkem | $60M | Yes | 5 | |
1/13/2011 | Unattributed | |||||
1/5/2011 | Series C |
Date | 6/15/2022 | 7/29/2011 | 6/6/2011 | 1/13/2011 | 1/5/2011 |
---|---|---|---|---|---|
Round | Grant | Series D | Series C | Unattributed | Series C |
Company | BCarbon | Enerkem | Enerkem | ||
Amount | $0.28M | $30M | $60M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 5 |
Valero Energy Corporation Portfolio Exits
3 Portfolio Exits
Valero Energy Corporation has 3 portfolio exits. Their latest portfolio exit was CST Brands on August 22, 2016.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
8/22/2016 | Acq - P2P | CST Brands | 2 | ||
Date | 8/22/2016 | ||
---|---|---|---|
Exit | Acq - P2P | ||
Companies | CST Brands | ||
Valuation | |||
Acquirer | |||
Sources | 2 |
Valero Energy Corporation Acquisitions
3 Acquisitions
Valero Energy Corporation acquired 3 companies. Their latest acquisition was Valero Energy Partners on January 10, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/10/2019 | Acq - P2P | 3 | ||||
5/14/2018 | ||||||
9/19/2005 | Other Venture Capital |
Date | 1/10/2019 | 5/14/2018 | 9/19/2005 |
---|---|---|---|
Investment Stage | Other Venture Capital | ||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acq - P2P | ||
Sources | 3 |
Valero Energy Corporation Partners & Customers
10 Partners and customers
Valero Energy Corporation has 10 strategic partners and customers. Valero Energy Corporation recently partnered with Park Garage Group on December 12, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/21/2022 | Partner | United Kingdom | Park Garage Group extends supply deal with Texaco and adds four more sites Park Garage Group has agreed a long-term extension to its relationship with Valero , while also adding another four Texaco-branded locations to its portfolio . | 1 | |
1/28/2022 | Partner | United Kingdom | 28th January 2022 | Mallory Gray. Valero partner with Wales NC & Cricket Wales West News Wales National County and Cricket Wales and are delighted to announce a two-year partnership with Fortune 500 energy corporation Valero , which will see the American based company appear on the front of the shirt for both the National County side and the West based regional programme for the 2022 and 2023 seasons . | 1 | |
3/16/2021 | Partner | United States, and United Kingdom | The petroleum refineries are located in the United States , Canada and the United Kingdom , and the ethanol plants are located in the Mid-Continent region of the U.S. Valero Energy Corporation is also a joint venture partner in Diamond Green Diesel , which owns and operates a renewable diesel plant in Norco , Louisiana . | 1 | |
2/7/2020 | Partner | ||||
12/16/2019 | Partner |
Date | 12/21/2022 | 1/28/2022 | 3/16/2021 | 2/7/2020 | 12/16/2019 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United Kingdom | United Kingdom | United States, and United Kingdom | ||
News Snippet | Park Garage Group extends supply deal with Texaco and adds four more sites Park Garage Group has agreed a long-term extension to its relationship with Valero , while also adding another four Texaco-branded locations to its portfolio . | 28th January 2022 | Mallory Gray. Valero partner with Wales NC & Cricket Wales West News Wales National County and Cricket Wales and are delighted to announce a two-year partnership with Fortune 500 energy corporation Valero , which will see the American based company appear on the front of the shirt for both the National County side and the West based regional programme for the 2022 and 2023 seasons . | The petroleum refineries are located in the United States , Canada and the United Kingdom , and the ethanol plants are located in the Mid-Continent region of the U.S. Valero Energy Corporation is also a joint venture partner in Diamond Green Diesel , which owns and operates a renewable diesel plant in Norco , Louisiana . | ||
Sources | 1 | 1 | 1 |
Valero Energy Corporation Team
2 Team Members
Valero Energy Corporation has 2 team members, including former President, Chief Operating Officer, Palmer L. Moe.
Name | Work History | Title | Status |
---|---|---|---|
Palmer L. Moe | Arthur Andersen | President, Chief Operating Officer | Former |
Name | Palmer L. Moe | |
---|---|---|
Work History | Arthur Andersen | |
Title | President, Chief Operating Officer | |
Status | Former |
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