Valero at Quarter Century Mark
Greehey rings NYSE Closing Bell to celebrate company's anniversary
SAN ANTONIO -- Board members and executives of Valero Energy Corp. rang the Closing Bell at the New York Stock Exchange (NYSE) last Thursday to celebrate the company's 25th anniversary.
The company was founded and listed on the NYSE on Jan. 2, 1980.
Over the past 25 years, Valero has grown from a regional energy company with one refinery and 170,000 barrels per day (bpd) of capacity, to the 22nd largest company among the Fortune 500 with 14 plants that have 2.5 million bpd of capacity and a network of more than 4,700 retail and [image-nocss] branded wholesale outlets in the United States, Canada and the Caribbean.
Its aggressive growth is continuing as Valero is poised to become the largest refiner in North America, it said, when it completes its acquisition of Premcor Inc. later this year.
And as reported in CSP Daily News, the company recently announced that it will convert all of its retail sites to the Valero brand.