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  • Previous Rank
    74
  • Revenues ($M)
    $111,407.00
  • Revenue Percent Change
    26%
  • Profits ($M)
    $3,122.00
  • Profits Percent Change
    -23.2%
  • Assets ($M)
    $50,155.00
  • Employees
    10,261

Revenue at refiner Valero continued to increase in 2018, gaining 26% year-on-year to $111.4 billion, as weaker crude prices widened the company’s refining margins. It wasn’t all smooth, sailing as profits sank due to weaker gasoline prices and the acquisition of three ethanol plants that coincided with that price slump. Nevertheless, Valero, owner of 15 refineries and 14 ethanol plants, continues to expand: in 2018, it invested in pipelines and storage facilities, and has pledged to invest $2.5 billion in both 2019 and 2020.

Company Information

Excise taxes have been deducted.
CEO
Joseph W. Gorder
Sector
Energy
Industry
Petroleum Refining
HQ Location
San Antonio
Websitehttps://www.valero.com
Years on Global 500 List19
Employees10,261
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Valero Energy Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$111,407.0026%
Profits ($M)$3,122.00-23.2%
Assets ($M)$50,155.00-
Total Stockholder Equity ($M)$21,667.00-

Profit Ratios

Profit as % of Revenues2.8%
Profits as % of Assets6.2%
Profits as % of Stockholder Equity14.4%