Valero Energy

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

Fortune 500

Energy sector dominated this year for the first time since 2008, with 28 companies featured on the list.

100 Fastest-Growing Companies

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Industries included in the sector are mining, oil and gas exploration and services, pipelines, refining, and utilities.

Fortune Sector Leaders: Energy

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

G500-2023-Valero

Petroleum refining company Valero Energy leaped 42 spots in our ranking this year, bringing in $175.7 billion in revenue, a 53% increase over the previous year. 
<ul> 
 	<li>In May 2023, Valero announced that Joseph W. Gorder would retire as chief executive officer effective June 30, staying on as executive chairman. R. Lane Riggs, Valero’s president and chief operating officer, succeded Gorder.</li> 
 	<li>The company’s refining, renewable diesel, and ethanol segments each reported substantial increases in revenue as of the first quarter of 2023 compared to the year-earlier quarter.</li> 
 	<li>Valero’s Port Arthur Coker project, which the company expects will improve its efficiency by converting residual crude oil into useable fuels, was completed in March 2023 and began operations the month after.</li> 
 	<li>In April 2023, Valero agreed to pay a $1.2 million settlement to the U.S. Environmental Protection Agency after its refinery in Benicia, Calif., violated the federal Clean Air Act.</li> 
</ul>

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

F500 2023-Valero Energy

Petroleum refining company Valero Energy leaped 12 spots in our ranking this year, bringing in $171.2 billion in revenue, a 58% increase over the previous year. 
<ul> 
 	<li>In May 2023, Valero announced that Joseph W. Gorder would retire as chief executive officer effective June 30, staying on as executive chairman. R. Lane Riggs, Valero’s president and chief operating officer, will take Gorder’s place as CEO.</li> 
 	<li>The company’s refining, renewable diesel, and ethanol segments each reported substantial increases in revenue as of the first quarter of 2023 compared to the year-earlier quarter.</li> 
 	<li>Valero’s Port Arthur Coker project, which the company expects will improve its efficiency by converting residual crude oil into useable fuels, was completed in March 2023 and began operations the month after.</li> 
 	<li>In April 2023, Valero agreed to pay a $1.2 million settlement to the U.S. Environmental Protection Agency after its refinery in Benicia, Calif., violated the federal Clean Air Act.</li> 
</ul>

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

This year’s Fortune 500 marks the 68th running of the list.

F500 2022 Valero Energy Corp

Like other oil and gas companies, refining giant Valero Energy enjoyed a snapback in revenue and earnings in 2021 as pandemic lockdowns eased. Valero has launched a number of low-carbon and renewable fuel projects in recent years, and has pledged to reduce emissions from its refining operations 63% from 2020 levels by 2025. The company’s Diamond Alternative Energy has taken some heat from environmentalists, however, for lobbying for renewable fuels over zero-emissions alternatives; Diamond is a plaintiff in a recent federal lawsuit against Environmental Protection Agency regulations designed to encourage the sale of electric vehicles.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500-2021-164-VALERO ENERGY

<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;The U.S. refining sector was battered in 2020 by lockdowns and travel restrictions, pushing the San Antonio–based refiner to a $1.4 billion loss. That compares with 2019’s $2.4 billion profit. One saving grace came from Valero’s renewable fuels business, which capitalized on the push for low-carbon alternatives to fossil fuels. The company now expects to invest half of its growth capital in renewable diesel. As part of its expansion, last year Valero approved a new diesel plant that is expected to begin operations in 2023.&quot;}" data-sheets-userformat="{&quot;2&quot;:12673,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:2,&quot;11&quot;:4,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:11}">The U.S. refining sector was battered in 2020 by lockdowns and travel restrictions, pushing the San Antonio–based refiner to a $1.4 billion loss. That compares with 2019’s $2.4 billion profit. One saving grace came from Valero’s renewable fuels business, which capitalized on the push for low-carbon alternatives to fossil fuels. The company now expects to invest half of its growth capital in renewable diesel. As part of its expansion, last year Valero approved a new diesel plant that is expected to begin operations in 2023.

This year’s Fortune 500 marks the 67th running of the list.

F500-2021-53-Valero Energy

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-071-Valero-Energy

As CEO Joe Gorder put it when the company released its annual financial report, Valero faced another “challenging environment for the refining business” in 2019. Net income sank 17% year-on-year, to $2.8 billion, even as refinery utilization was at 96% and the company refined record amounts of oil. The business completed a network of central Texas pipelines and terminals, extending the reach of its vast U.S. shale business deeper inland. Its 2020 growth ambitions suffered a blow in late November when its renewable fuels business stumbled: Two ethanol plants were forced to close temporarily, and additional plants went offline in March 2020, as the coronavirus pandemic destroyed demand for any and all types of energy.

This year's Fortune 500 marks the 66th running of the list.

F500-2020-032-Valero-Energy

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 65th running of the list.

This year's Fortune 500 marks the 64th running of the list.

This year's Fortune 500 marks the 63rd running of the list.

Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.

World's Most Admired Companies

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 62nd running of the list.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

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Valero Energy is an oil refiner with operations in the U.S., Canada, Latin America, and Europe. Founded in 1980, the company sells gasoline, diesel, and ethanol through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Texaco, and Ultramar brands.

Valero Energy

Valero Energy in Fortune Rankings

Valero Energy stock chart