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Corporation
ENERGY & UTILITIES | Oil & Gas Refining & Distribution
valero.com

Investments

11

Portfolio Exits

3

Partners & Customers

10

About Valero Energy Corporation

Valero Energy Corporation (NYSE: VLO) is an international manufacturer and marketer of transportation fuels, petrochemical products, and power.

Headquarters Location

One Valero Way

San Antonio, Texas, 78249,

United States

210-345-2000

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Expert Collections containing Valero Energy Corporation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Valero Energy Corporation in 2 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

382 items

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Valero Energy Corporation News

Valero brand launching in UK next month on three Ascona sites

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.

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Valero Energy Corporation Investments Activity

investments chart

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

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0

1/5/2011

Series C

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$99M

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0

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

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Amount

$0.28M

$30M

$60M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

5

0

0

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

$99M

2

11/4/2014

Acquired

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$99M

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10

5/1/2013

Spinoff / Spinout

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$99M

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10

Date

8/22/2016

11/4/2014

5/1/2013

Exit

Acq - P2P

Acquired

Spinoff / Spinout

Companies

CST Brands

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

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

$99M

Acq - P2P

3

5/14/2018

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$99M

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10

9/19/2005

Other Venture Capital

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$99M

$99M

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0

Date

1/10/2019

5/14/2018

9/19/2005

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - P2P

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Sources

3

10

0

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

Valero and BlackRock Partner with Navigator to Announce Large-Scale Carbon Capture and Storage Project

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

United States

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10

12/16/2019

Partner

United States

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10

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

United States

United States

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 .

Valero and BlackRock Partner with Navigator to Announce Large-Scale Carbon Capture and Storage Project

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 .

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Sources

1

1

1

10

10

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

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Name

Palmer L. Moe

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Work History

Arthur Andersen

Title

President, Chief Operating Officer

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Status

Former

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