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October 28, 2008Valero Energy Corporation Reports Third Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported third quarter 2008 income from continuing operations of $1.2 billion, or $2.18 per share, which compares to $848 million, or $1.34 per share, in the third quarter of 2007. The third quarter 2008 results include the company’s pre-tax gain of $305 million on the sale of its Krotz Springs, Louisiana refinery to a subsidiary of Alon USA...October 08, 2008Valero Texas Open Raises Another Record Amount for Charity With the help of more than 2,000 sponsors, businesses and community partners from across North America, the Valero Texas Open and Benefit for Children Golf Classic have raised a new record amount for children’s charities: $8.5 MILLION.
Funds for charity are raised through sponsorships sold during the Valero Texas Open and the Valero Benefit for Children Golf Classic. A record number of ...September 30, 2008Valero Energy Corp. to Announce Third Quarter 2008 Earnings Results Oct. 28 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call October 28, 2008 at 10:00 a.m. CT to discuss third quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com .
Valero Energy ...September 24, 2008Update on Valero's Refineries
Many of you have been curious about the progress of the restarts at Valero's Texas City and Houston refineries following hurricane-related shutdowns. As of this morning, the Texas City refinery has fully restarted, with all main production units up and operating. The refinery is currently at somewhat reduced rates but is moving toward normal rates. The Houston refinery is continuin...September 23, 2008Valero Energy Corporation Elects Compass Advisers Managing Partner to Board of Directors Valero Energy Corporation (NYSE: VLO) announced today that Stephen M. Waters, managing partner of Compass Advisers LLP, has been elected to the company's board of directors. Waters, who becomes Valero's 11th board member, will serve on the board's Finance Committee.
Waters is also a board member at Boston Private Financial Holdings, the Boston University School of Public Health, the United Sta...September 17, 2008Valero's Refineries Update - Hurricane Ike Update 10 The Valero Houston Refinery is in the preliminary stages of a multi-day restart process. The plant has power and steam, as well as a limited supply of industrial gases. Production at the main process units is not expected for several more days, and adequate supplies of external industrial gases remain an issue. Valero continues to work through issues at the Texas City and Port Arthur refineries, ...September 16, 2008Valero's Refineries Update - Hurricane Ike Update 9
Power has been restored to most production units at the Valero Houston Refinery and the Valero Texas City Refinery. Valero is working to restore power at its Port Arthur refinery. All three refineries remain shut down . Crews are working through other issues, such as ensuring supplies of fresh water and industrial gases. At this time we do not have a timetable either for when startup would ...September 14, 2008Update on Valero's Refineries - Hurricane Ike Update 8 Power has been restored to most production units at the Valero Houston Refinery, and Valero is working with local providers to restore power at its Texas City and Port Arthur refineries. All three refineries remain shut down, and the refineries are working on startup plans, but at this time we do not have a timetable either for when startup would begin at any of the refineries or how long the sta...September 13, 2008Update on Valero's Refineries - Hurricane Ike Update 7 Assessment crews have found no significant structural damage to production units at Valero's refineries at Houston, Texas City and Port Arthur in the wake of Hurricane Ike. All three refineries remain shut down and none has electrical power to production units at this time. Crews are working with local power providers to get electricity. The refineries are now developing startup plans, but at thi...September 13, 2008Update on Valero's Refineries - Hurricane Ike Update 6 Valero's refineries at Houston, Texas City and Port Arthur remain shut down following Hurricane Ike's landfall. Crews overseeing the plants made it through the storm safely. It's still too early to have an assessment of the refineries' condition, but we expect to have crews inside the Houston and Texas City refineries soon. We did lose power at all three refineries that were shut down. Valero's o...September 12, 2008Update on Valero's Refineries - Hurricane Ike Update 5 Valero's refineries at Houston, Texas City and Port Arthur have completed the shutdown process and are waiting for Hurricane Ike to make landfall. Valero's other Gulf Coast refineries remain in operation at planned rates. As of this morning, we had closed 64 company-operated retail stores out of nearly 200 in the Houston region due to evacuations. In most cases, even if the store is closed, custo...September 11, 2008Update on Valero's Refineries - Hurricane Ike Update 4
Due to the new projected path of Hurricane Ike, which has shifted eastward, Valero has decided to shut its 325,000 bpd Port Arthur refinery. In addition, the shutdown process is concluding at the 245,000 bpd Texas City refinery and the 130,000 bpd Houston refinery. Valero's o ther Gulf Coast refineries are operating at planned rates.
The total of company-operated retail sites that have...September 11, 2008Update on Valero's Refineries - Hurricane Ike Update 3
Valero is con cludin g its shutdown process at its 245,000 bpd Texas City refinery and its 130,000 bpd Houston refinery. For now, the 325,000 bpd Port Arthur refinery will continue to operate at minimum rates. We will continue to monitor Hurricane Ike, and we will respond with further steps at Port Arthur if necessary.
Additional company-operated retail sites have been closed in the Houst...September 11, 2008Update on Valero's Refineries - Hurricane Ike Update 2
Valero continues to monitor Hurricane Ike, and due to shifts in its projected path, Valero has begun the orderly shutdown of its refineries in Houston and Texas City and has released nonessential personnel so that they can evacuate the area. Production has been reduced at the Valero Port Arthur Refinery in anticipation of a possible shutdown decision later today. The Corpus Christi refineries ...September 10, 2008Update on Valero's Refineries - Hurricane Ike Update 1 As of this evening, Valero's Gulf Coast refineries are still operating as planned as still closely monitoring Hurricane Ike. Preliminary preparations have been taken, such as securing loose equipment and making sure adequate emergency supplies and materials are in place. Because the storm's projected path has been adjusted from earlier forecasts, we are going to continue monitoring and will mak...September 08, 2008Update on Valero's Refineries - Gustav Update 8 Main process units at the Valero St. Charles Refinery were restarted over the weekend after being shut down for a week in anticipation of Hurricane Gustav. The refinery is gradually returning to planned rates.
The refineries at Houston, Texas City and Port Arthur, which were at reduced rates for the storm, have all returned to planned rates. The Memphis refinery, which wa...September 02, 2008Valero Energy Corp. to Webcast Analyst Presentation Sept. 4
Valero Energy Corporation (NYSE: VLO) today announced that Bill Klesse, Chairman of the Board and Chief Executive Officer of Valero Energy Corporation, will conduct a presentation at the Lehman Brothers Energy Conference on Thursday, September 4 at 11:05 a.m. ET. The purpose of the presentation will be to provide an update on refining and marketing fundamentals and company ...August 12, 2008Valero Texas Open Secures a Spring Date Beginning in 2009 After an incredibly successful run in the fall, the Valero Texas Open is proud to announce a shift in schedule, placing the PGA TOUR’s top tournament in charity giving in a much-coveted spring date as part of the FedExCup competition. Beginning in 2009, the Valero Texas Open will be played May 14-17. The date for the upcoming 2008 Valero Texas Open has not changed, and it will b...July 29, 2008Valero Energy Corporation Reports Second Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported second quarter 2008 income from continuing operations of $734 million, or $1.37 per share. The company's income from continuing operations in the second quarter of 2007 was $2.1 billion, or $3.57 per share. For the six months ended June 30, 2008, income from continuing operations was $995 million, or $1.85 per share, compared to the company's i...July 09, 2008Valero Energy Corporation Declares Regular Cash Dividend on Common StockOn July 9, 2008, the Board of Directors of Valero Energy Corporation (NYSE:VLO) declared a regular quarterly cash dividend on the company's common stock of $0.15 per share. The dividend is payable September 10, 2008 to holders of record at the close of business on August 6, 2008.
About Valero: Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,...July 09, 2008Valero Safety Enhancements began before CSB Report Valero Energy Corporation (NYSE: VLO) had implemented safety measures throughout its refining system on its own in advance of the U.S. Chemical Safety and Hazard Investigation Board (CSB) report released today about a fire early last year at Valero’s McKee Refinery in Texas, Valero officials said today.
“Well before the CSB issued its report on the fire and recommendations for chan...July 07, 2008Valero Completes Sale of Krotz Springs RefineryValero Energy Corporation (NYSE: VLO) announced today that it has completed the sale of its Krotz Springs, Louisiana refinery to Alon USA Energy Inc. (NYSE: ALJ) to be effective for financial reporting purposes July 1. Valero received $333 million plus $143 million as part of an initial payment toward working capital, which will be settled with a final adjustment payment within 90 days of closing...July 01, 2008Valero to Announce Second Quarter 2008 Earnings Results July 29 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call July 29, 2008 at 10:00 a.m. CT to discuss second quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com .
About Va...May 08, 2008Valero Energy Corporation to Sell Krotz Springs Refinery Valero Energy Corporation (NYSE: VLO) announced today that it has agreed to sell its 85,000 barrel-per-day refinery in Krotz Springs, Louisiana to Alon USA Energy Inc. (NYSE: ALJ), for $333 million plus an earn-out provision currently valued in excess of $100 million. Both companies' boards of directors have approved the transaction, and the sale is expected to close in July 2008, subject to regu...May 01, 2008Valero Energy Increases Dividend on Common Stock by 25% The Board of Directors of Valero Energy Corporation (NYSE:VLO) has approved an increase in the company's regular quarterly cash dividend on common stock from $0.12 per share to $0.15 per share, effective with the quarterly dividend the Board has declared to be payable on June 18, 2008 to holders of record at the close of business on May 28, 2008. The increase in the dividend raises the annualized...April 29, 2008Valero Energy Corporation Reports First Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported first quarter 2008 income from continuing operations of $261 million, or $0.48 per share, which includes a pre-tax benefit of $101 million, or $0.12 per share, of business interruption insurance recovery related to the fire at the company’s McKee refinery in the first quarter of 2007. The company’s income from continuing op...March 20, 2008Valero Energy Corporation Announces Internet Availability of 2008 Annual Meeting Proxy Materials und Valero Energy Corporation (NYSE: VLO) announced today the Internet availability of proxy materials for its 2008 Annual Meeting of Stockholders under the new Notice and Access rule of the U.S. Securities and Exchange Commission (SEC). This rule allows companies to furnish proxy materials to stockholders via the Internet as an alternative to the traditional approach of delivering a printed set to e...January 29, 2008Valero Energy Corporation Reports Fourth Quarter and Annual Earnings Valero Energy Corporation (NYSE: VLO) today reported fourth quarter 2007 income from continuing operations of $567 million, or $1.02 per share, which compares to $1.1 billion, or $1.74 per share, in the fourth quarter of 2006. Fourth quarter 2006 results included a $196 million pre-tax gain, or $0.21 per share, on the sale of the company's remaining 59 percent ownership interest in NuStar G...December 28, 2007Valero Unveils the Road Runner Store Concept Valero introduced its new Road Runner retail store concept today, opening the company’s first 5,500-square-foot Road Runner store in western San Antonio. The new concept is a further refinement of Valero’s retail efforts, which have grown in recent years to add more prepared foods as well as the Fresh Choices line of proprietary products.
The new Road Runner stores are...December 26, 2007Valero Raises a Company Record $1.18 Million for Children's Miracle Network Valero Energy Corp. (NYSE: VLO) announced today that it has raised a record $1,181,377 for Children's Miracle Network during the recent fundraising campaign held in its company-operated Diamond Shamrock and Valero Corner Stores. The campaign raised funds for 30 children's hospitals located in eight of the states where Valero has retail operations.
This is the 13th year...December 11, 2007Greg King Resigns as President of Valero Energy CorporationValero Energy Corporation (NYSE:VLO) announced today that Greg King has decided to resign as President of Valero Energy Corporation and to leave the company effective December 31, 2007.
"This was unexpected, but I want to thank Greg for his dedication to Valero's success over his more than 14 years with the company," said Bill Klesse, Chairman of the Board and Chief Executive Officer of Valero ...November 08, 2007Update on Port Arthur Refinery There was a power outage at about 7 a.m. today at the Valero Port Arthur Refinery with a subsequent fire in a heater at a diesel hydrotreater unit. The fire was quickly contained, and Valero officials immediately notified all appropriate regulatory agencies. All Valero employees are accounted for and there were no reports of employee injuries, although there is a report of a contractor being tra...November 06, 2007Valero Energy Corporation Reports Third Quarter Earnings Valero Energy Corporation (NYSE:VLO) today reported third quarter 2007 income from continuing operations of $848 million, or $1.34 per share, which compares to $1.6 billion, or $2.48 per share, in the third quarter of 2006. The third quarter 2007 results include the effect on diluted earnings per share related to the company's settlement payment of $94 million, or $0.16 per share, for the acceler...October 29, 2007Valero Promotes Rich Marcogliese to Chief Operating Officer Valero Energy Corporation (NYSE: VLO) announced today that Rich Marcogliese, Executive Vice President-Operations, has been promoted to Executive Vice President and Chief Operating Officer by the company’s Board of Directors. In addition to refining operations, Mr. Marcogliese will be responsible for the company’s commercial operations, including marketing, supply and transportat...October 25, 2007Valero Energy Corporation Declares Regular Cash Dividend on Common Stock On October 25, 2007, the Board of Directors of Valero Energy Corporation (NYSE:VLO) declared a regular quarterly cash dividend on the company's common stock of $0.12 per share. The dividend is payable December 12, 2007 to holders of record at the close of business on November 7, 2007.
Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees an...October 10, 2007Valero Energy Corporation Provides Third Quarter 2007 Interim Update Valero Energy Corporation (NYSE:VLO) announced today that it expects to report third quarter earnings from continuing operations excluding special items in the range of $1.30 to $1.40 per share. The special items consist of a $91 million pre-tax gain on repayment of a loan by a foreign subsidiary and the effects on the computation of diluted earnings per share related to the company's $94.5 milli...October 07, 2007Valero Texas Open Raises Another Record Amount for Charity The Valero Texas Open has raised $8 million for charity, achieving its goal to surpass the total raised by the 2006 Valero Texas Open, which at the time was the most money raised for charity by an event on the PGA TOUR.
“We’re very pleased that we’ve been able to raise such a tremendous amount of money for children’s charities,” said Valero Execu...September 04, 2007Valero to Webcast Analyst Presentation on Sept. 5 Valero Energy Corporation (NYSE:VLO) today announced that Bill Klesse, Valero's Chairman of the Board and Chief Executive Officer, will conduct a presentation at the Lehman Brothers Energy Conference at 2:25 p.m. ET on Wednesday, Sept. 5. During the presentation, Klesse will provide an update on refining and marketing fundamentals and company operations. A link to the webcast is available at h...August 29, 2007Valero Donates $5 Million for Transplants, Other Key U.T. Health Science Center Programs Valero Energy Corporation Chairman and Chief Executive Officer Bill Klesse announced today that the company is donating $5 million to The University of Texas Health Science Center at San Antonio. It is one of the largest private gifts in the Health Science Center’s history and continues Valero’s own rich history of helping the community. UTHSC President Francisco G. Cigarroa, ...July 31, 2007Valero Energy Corporation Reports Second Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported second quarter 2007 net income of $2.2 billion, or $3.89 per share, which compares to $1.9 billion, or $2.98 per share, in the second quarter of 2006. The company’s second quarter 2007 results represent the highest quarterly net income in the company’s history. For the six months ended June 30, 2007, net income was $3.4 ...July 12, 2007Valero Energy Corp. Declares Regular Cash Dividend on Common Stock On July 12, 2007, the Board of Directors of Valero Energy Corporation (NYSE:VLO) declared a regular quarterly cash dividend on the company's common stock of $0.12 per share. The dividend is payable September 6, 2007 to holders of record at the close of business on August 8, 2007.
About Valero Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,00...July 05, 2007Valero Energy Corporation To Announce Second Quarter 2007 Earnings Results July 31 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call July 31, 2007 at 10:00 a.m. CT to discuss second quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com...July 03, 2007Valero Completes Sale of Lima, Ohio Refinery Valero Energy Corporation (NYSE:VLO) announced today that it has completed the sale of the Lima , Ohio refinery to Husky Energy Inc. (TSE: HSE).
About Valero Energy Corporation
Valero Energy Corporation is a Fortune 500 company based in San Antonio , with approximately 22,000 employees and 2006 revenues of more than $90 billion. The company owns and operates ...May 02, 2007Valero Energy Corp. to sell Lima refinery to Husky Energy for $1.9 billion Valero Energy Corporation (NYSE: VLO) announced today that it has agreed to sell, subject to regulatory approvals, its 165,000 barrel per day refinery in Lima, Ohio to Husky Energy Inc. (TSE: HSE) for $1.9 billion, plus net working capital estimated at $200 million to be valued at closing. The Boards of Directors of both companies have approved the transaction and the sale is expected to cl...April 26, 2007VLO Announces $6 Billion Share Repurchase Authorization and $3 Billion Accelerated Share Repurchase Valero Energy Corporation (NYSE:VLO) announced today that its Board of Directors has expanded its stock repurchase authorization from the $2 billion authorization announced last October to $6 billion. The company also announced that it has entered into a private accelerated share repurchase (ASR) agreement with an affiliate of JPMorgan, pursuant to which Valero will purchase its common stock for ...April 26, 2007Valero Energy Corporation Reports First Quarter Earnings Valero Energy Corporation (NYSE:VLO) today reported first quarter 2007 net income of $1.1 billion, or $1.86 per share, which compares to $849 million, or $1.32 per share, in the first quarter of 2006. First quarter 2007 operating income was $1.8 billion, compared to $1.3 billion achieved in the same period last year. The increase in operating income was primarily attributable to stronger gasoline...April 26, 2007Valero Energy Corp. Declares Regular Cash Dividend on Common Stock On April 26, 2007, the Board of Directors of Valero Energy Corporation (NYSE:VLO) declared a regular quarterly cash dividend on the company's common stock of $0.12 per share. The dividend is payable June 13, 2007 to holders of record at the close of business on May 16, 2007.
Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and 2006 re...April 20, 2007VALERO TOPS NEW ‘FORTUNE’ LIST OF NATION’S BEST BIG EMPLOYERS Valero Energy Corporation (NYSE: VLO) is pleased to announce a new ranking, issued by Fortune magazine, that highlights the company’s commitment to safety and its staying power as one of the nation’s top employers. Fortune magazine – publisher of the annual “Fortune 500” and “100 Best Companies to Work For” lists – has ranked Valero No. 1 on its ne...April 18, 2007Valero Energy Corporation Reschedules First Quarter 2007 Earnings Conference Call Valero Energy Corporation (NYSE:VLO) today announced that their previously scheduled conference call on April 24, 2007 at 10:00 a.m. CT has been rescheduled for 2:00 p.m. CT on April 26, 2007. During the call, management will discuss first quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the prese...April 05, 2007Valero Energy Corporation To Announce First Quarter 2007 Earnings Results April 24 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call April 24, 2007 at 10:00 a.m. CT to discuss first quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com .
Valero Energy Co...February 07, 2007Valero Energy Corporation to Webcast Analyst Presentation on Feb. 8 Valero Energy Corporation (NYSE:VLO) today announced that Bill Klesse, Chairman of the Board and Chief Executive Officer of Valero Energy Corporation, will make a presentation at the Credit Suisse Energy Summit on Thursday, February 8 at 11:05 a.m. CT. The purpose of the presentation will be to provide an update on refining and marketing fundamentals and company operations. A copy of the accompan...February 01, 2007Valero Energy Corporation Reports Fourth Quarter and Annual Earnings Valero Energy Corporation (NYSE:VLO) today reported fourth quarter net income of $1.1 billion, or $1.80 per share, which compares to $1.3 billion, or $2.06 per share, in the fourth quarter of 2005. Fourth quarter 2006 results include a $196 million pre-tax gain, or $0.21 per share, on the sale of the company's remaining 59 percent ownership interest in Valero GP Holdings, LLC in December. The fou...January 18, 2007Valero Energy Corporation Increases Dividend on Common Stock by 50% The Board of Directors of Valero Energy Corporation (NYSE:VLO) has approved an increase in the company's regular quarterly cash dividend on common stock from $ 0.08 per share to $0.12 per share, effective with the quarterly dividend the Board has declared to be payable on March 14, 2007 to holders of record at the close of business on February 14, 2007. The increase in the dividend increases the ...October 31, 2006 Valero Energy Corporation Reports Record Third Quarter Earnings
Valero Energy Corporation (NYSE: VLO) today reported record third quarter net income of $1.6 billion, or $2.55 per share, which compares to $862 million, or $1.47 per share, in the third quarter of 2005. The third quarter 2006 results include a $132 million pre-tax gain, or $0.13 per share, on the sale of 41 percent of the company’s ownership interest in Valero GP Holdings, LLC on...September 20, 2006 Valero Texas Open at La Cantera Raises Largest Charitable Contribution
of any Tournament in PGA TOUR History Valero Energy Corp. made history today when the company announced that the Valero Texas Open at La Cantera has raised $7 million for charity – the largest contribution of any tournament in the PGA TOUR’s history. With this unprecedented donation, the Valero Texas Open has set its fifth consecutive record for charitable contributions and taken its spot as the top charitable fundr...September 08, 2006 Valero Named Convenience Store Decisions' Convenience Store Chain of the Year Continuing a tradition it began in 1990, Convenience Store Decisions is proud to announce Valero Energy Corp. (NYSE: VLO) as its 2006 Convenience Store Chain of the Year.
Valero, which will be honored at an awards reception Oct. 9 in Las Vegas during the National Association of Convenience Stores (NACS) Trade Show and Exposition, was chosen for a number of reasons, s...August 17, 2006VLO to Become No. 1 Rack Fuel Marketer in Texas Valero Energy Corporation (NYSE:VLO) has signed an 11-year agreement with Susser Petroleum -- the largest single branded wholesale deal in Valero history in terms of both fuel volumes and number of sites -- to supply fuel and brand programs to over 300 of Susser's network of 324 retail stores in Texas and Oklahoma. Valero will also be branding selected sites from Susser's network of 352 wholesale...August 01, 2006 Valero Energy Corp. Reports Record Second Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported second quarter net income of $1.9 billion, or $2.98 per share, which compares to $847 million, or $1.53 per share, in the second quarter of last year. The company’s second quarter 2006 results represent the highest quarterly net income in the company’s history.
For the six months ended June 30, 2006, Val...July 14, 2006Valero Energy Corp. to Announce Second Quarter 2006 Earnings Results August 1 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call August 1, 2006 at 10 a.m. CT to discuss second quarter earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com.
Valero Energy Corpor...June 09, 2006Valero's Wholesale Network Shoots for the Stars in Fundraiser for Make-a-Wish Foundation® Valero Energy Corp. (NYSE:VLO), a Fortune 500 company based in San Antonio, will conduct its first Make-A-Wish Foundation fundraising campaign in nearly 900 of its branded distributor locations nationwide. Through Aug. 31, customers can participate in the campaign by donating to the Make-A-Wish Foundation at any of the company’s participating branded distributor sites.
All custom...April 28, 2006 Valero Energy Increases Dividend on Common Stock and Declares Dividend on its 2% Mandatory Convertible Preferred Stock The Board of Directors of Valero Energy Corporation (NYSE:VLO) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.06 per share to $0.08 per share, effective with the quarterly dividend the Board has declared to be payable on June 14, 2006 to holders of record at the close of business on May 17, 2006. The increase in the dividend brings the annu...April 26, 2006 Valero Energy Reports First Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record first quarter net income of $849 million, or $1.32 per share, which compares to $534 million, or $0.96 per share, in the first quarter of last year. As of March 31, 2006, the company’s debt-to-capitalization ratio, net of cash, was 23.5 percent, compared to 24.8 percent as of December 31, 2005.
First quarter 2006 operating inc...March 31, 2006 Valero Energy Announces Filing of IPO Registration Statement of Valero GP Holdings, LLC, the Indirect General Partner of Valero L.P. Valero Energy Corporation (NYSE: VLO) announced today that its subsidiary Valero GP Holdings, LLC has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for an initial public offering of approximately 37% of its units representing limited liability company interests. All units will be sold by subsidiaries of Valero Energy Corporation, which initially will...January 31, 2006 Valero Energy Corporation Reports Fourth Quarter and Full Year 2005 Earnings Valero Energy Corporation (NYSE: VLO) today marked its tenth consecutive quarter of record earnings with net income for the fourth quarter of 2005 of $1.3 billion, or $2.06 per share, compared to $489 million, or $0.88 per share, for the same period last year. Results for the fourth quarter include a $55 million pre-tax gain on the sale of the company’s 20 percent interest in the Javelina o...January 23, 2006 ENGELHARDT ELECTED TO VALERO BOARD OF DIRECTORS Valero Energy Corporation (NYSE: VLO) announced today that Irl F. Engelhardt, Chairman of Peabody Energy Corporation (NYSE: BTU), has been elected to the company's board of directors. Engelhardt, who becomes Valero's 12th board member, will serve on the board's Audit and Executive committees. "We're excited that Irl has agreed to serve on our board of directors," said Valero Chairman Bill Greehey...January 19, 2006Valero Energy Corporation Declares Dividend on Common Stock and 2 Percent Mandatory Convertible Preferred Stock The Board of Directors of Valero Energy Corporation (NYSE:VLO) has increased by $0.01 per share its regular quarterly cash dividend on the company's common stock to $0.06 per share, which represents a 20 percent increase in the common stock dividend. The dividend is payable March 15, 2006 to holders of record at the close of business on February 15, 2006.
The Valero Board of Directors has al...January 09, 2006 VALERO JUMPS TO NO. 3 ON FORTUNE'S LIST OF "AMERICA'S 100 BEST COMPANIES TO WORK FOR" IN AMERICA Just two weeks after finishing the best year in its history, Valero Energy Corporation (NYSE:VLO) was again named one of the top U.S. employers, rising to No. 3 on FORTUNE magazine’s list of the “100 Best Companies to Work For” – and being ranked No. 2 among the list’s large employers (companies with 10,000 or more employees).
Valero is the only San Antonio company, the only energy company and...January 03, 2006Valero Makes Organizational Changes Valero Energy Corporation (NYSE: VLO) today announced organizational changes that took place on Jan. 1 as Bill Klesse, former Chief Operating Officer, assumed the role of Chief Executive Officer. All of the following executives will now report to Klesse.
Rich Marcogliese, Senior Vice President of Refinery Operations, has been elected Executive Vice President of Operations by Valero’s Board o...December 30, 2005 VALERO RECEIVES SEVERAL TOP HONORS Valero Energy Corporation (NYSE:VLO) topped off a record-breaking year by receiving several top international accolades, including being ranked the world’s No. 1 refining and marketing company and the nation’s third best-performing big company for stock performance, as well as being named a top employer in Canada.
Earlier this month, Platts — a highly respected energy industry information s...December 15, 2005 VALERO AND ENCANA DECIDE NOT TO PURSUE JOINT VENTURE Valero Energy Corporation (NYSE: VLO) and EnCana Corporation (NYSE: ECA)announced today that they are no longer pursuing a proposed project in which EnCana would have supplied heavy crude oil from Western Canada to be processed at Valero’s refinery in Lima, Ohio.
“We had a series of good discussions with EnCana, but at the end of the day, the $2 billion cost to convert our 170,000 barrel-per...December 01, 2005Valero Stockholders Approve Proposal to Increase Authorized Shares Valero Energy Corporation (NYSE:VLO) announced today that its stockholders have approved a proposal to amend Valero’s Certificate of Incorporation to increase the authorized number of shares of common stock from 600 million to 1.2 billion shares, allowing Valero to complete a previously announced two-for-one stock split (to be effected in the form of a stock dividend), which was approved by Valer...October 31, 2005 Valero's Bill Greehey To Focus On Role As Chairman
Bill Klesse Named CEO and Vice Chairman Bill Greehey, Chairman and CEO of Valero Energy Corporation (NYSE: VLO), announced today that he will transition out of his role as CEO at the end of the year to focus on his responsibilities as Chairman. Executive Vice President and COO Bill Klesse has been appointed CEO, and has been elected to the board of directors and will serve as its Vice Chairman. The company has an orde...October 31, 2005Valero Energy Corporation Reports Third Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported net income for the third quarter of 2005 of $1.3 billion, or $4.37 per share, compared to $434 million, or $1.57 per share, for the same period last year. The third quarter 2005 results exclude a $621 million pre-tax LIFO charge to cost of goods sold related to the difference between the fair market value of the inventories acquired fro...October 25, 2005Valero Announces Special Stockholder Meeting To Approve Increase in Authorized Shares Valero Energy Corporation (NYSE:VLO) today confirmed that its previously announced special meeting of stockholders will be held at 10:00 a.m. on December 1, 2005. The meeting will be held at Valero’s offices at One Valero Way in San Antonio, Texas.
Stockholders will be asked to approve a proposal to amend Valero’s Certificate of Incorporation to increase the authorized number of shares o...October 20, 2005Valero Declares Dividend on Common Stock and 2 Percent Mandatory Convertible Preferred Stock The Board of Directors of Valero Energy Corporation (NYSE:VLO) has declared a regular quarterly cash dividend on the company's common stock of $0.10 per share. The dividend is payable December 14, 2005 to holders of record at the close of business on November 9, 2005.
The Valero Board of Directors has also declared a regular quarterly cash dividend on the company's 2 percent Mandatory Converti...October 17, 2005Port Arthur Refinery Update Valero's Port Arthur refinery came back online last week. We expect the refinery to ramp up to full production rates by the end of the week.
Current rates as of this morning are: Crude 200,000 bpd (max is 250,000 bpd) Coker 60,000 bpd (max is 85,000 bpd) &nbs...October 11, 2005Port Arthur Refinery Update Power generation systems and boilers at our Port Arthur refinery are online and we have one sulfur train online as well. A second is expected to start up today. (These units are generally the first units to restart.)
Barring any currently unforeseen problems, we expect to have the refinery back online by the end of the week. This is in line with our origi...October 11, 2005Updated 2005 Turnaround Schedule – 3rd Quarter and 4th Quarter 2005 Below is an updated listing of our activities scheduled for the second half of this year, including a slight delay of some work at our Corpus Christi West Plant, which changed from September to October, and the addition of turnaround work at our Delaware City refinery, which was also delayed from September to October. The McKee refinery turnaround was also pushed back a couple of weeks, but...October 06, 2005Port Arthur Refinery UpdateSeptember 30, 2005Hurricane Rita Update Our Houston refinery is at maximum capacity. Our Texas City refinery is at slightly reduced rates because our third-party hydrogen supplier has not yet been able to resume normal operations. (Crude rate is 203,000 BPD vs. 210,000 BPD and FCC rate is 62,000 BPD vs. 80,000 BPD.) We expect to be at max rates by late this weekend. Our Krotz Springs & Ardmore refineries are curre...September 26, 2005Hurricane Rita Update
We are circulating oil at our Houston and Texas City refineries in anticipation of starting up a few units late today or early tomorrow morning. We still expect to be back to normal operations in Houston by mid-week. At Texas city, we will not receive hydrogen from our third-party provider until Wednesday but we still hope to be back to normal operations later this week.
In Port Arthur, we ...September 22, 2005 Hurricane Rita Preparedness
Our 250,000 BPD Port Arthur refinery was reduced to minimum rates earlier this morning. All non-essential employees have been released and the refinery is currently in the process of shutting down.
Our Houston and our Texas City refineries will be completely shut down shortly.
Our Corpus Christi and Three Rivers refineries are operating at slightly reduced rates due to feedstock and...September 22, 2005 Jones Day Partner Elected to Valero Energy Corp. Board of Directors Valero Energy Corporation (NYSE: VLO) announced today that Robert A. Profusek, a partner in the New York office of internationally recognized law firm Jones Day, has been elected to the company’s board of directors. Profusek, who becomes Valero’s 10th board member, will serve on the board’s Nominating/Governance and Compensation committees.
Profusek is also a board member at CTS Corp., a NYSE...September 22, 2005Hurricane Rita Preparedness
Our 250,000 BPD Port Arthur refinery was reduced to minimum rates earlier this morning. All non-essential employees have been released and the refinery is currently in the process of shutting down.
Our Houston and our Texas City refineries will be completely shut down shortly.
Our Corpus Christi and Three Rivers refineries are operating at slightly reduced rates due to feedstock and prod...September 15, 2005 Valero Plans Two-For-One
Stock Split and Dividend Increase Valero Energy Corporation (NYSE: VLO) today announced that its Board of Directors has approved a two-for-one stock split on its common stock, to be effected in the form of a stock dividend, subject to shareholder approval of an amendment to the company's certificate of incorporation to increase the number of authorized common shares. A special meeting of Valero's shareholders is tentatively plann...September 01, 2005 Valero Mobilizes Relief Efforts, Rallies for St. Charles Refinery As Hurricane Katrina hurtled herself toward the Mississippi and Louisiana Gulf Coasts this week, Valero employees at the St. Charles and Krotz Springs refineries braced themselves for the worst. The rest of the company, meanwhile, prepared themselves for what they do best — caring and sharing.
“Rest assured, we are going to take care of our employees,” CEO Bill Greehey said. “Whatever fina...September 01, 2005Valero Commits $1 Million to Support Hurricane Katrina Relief Efforts Valero Energy Corp. (NYSE: VLO) has pledged a $1 million donation to the American Red Cross Disaster Relief Fund to help those affected by Hurricane Katrina.
“This is a national tragedy and we’re very concerned about the thousands of people who are going through such a difficult time in the wake of this disaster,” said Valero Chairman and CEO Bill Greehey. “The Red Cross does a great...September 01, 2005Valero Energy Corporation Completes Merger With Premcor Inc., Creating The Largest Refining Company In North America Valero Energy Corporation (NYSE: VLO) and Premcor Inc. (NYSE: PCO) closed on their merger at 9:00 a.m. ET today, making Valero the largest refining company in North America.
“This acquisition represents yet another well timed and executed transaction that should create tremendous value for our shareholders,” said Bill Greehey, Valero’s chairman of the board and CEO. “With the addition of...August 31, 2005 Aug. 31 Statement from Mary Rose Brown Below is an update of operations, community support & employee support:
We have not yet requested oil from the SPR but that remains an option.
To date, we have been able to cover substantially all of our contractual obligations.
We recognize that prices are high. The market is responding to the overnight loss of almost 2 million barrels per day (BPD) of domesti...August 30, 2005 August 30 Statement
Mary Rose Brown Our St. Charles refinery manager reports that he estimates one-to-two weeks before our St. Charles refinery can start up again.
Under non-hurricane conditions, simpler refineries could probably start up in the 3-to-5 day range. More complex refineries like St. Charles would typically require 5-to-7 days.
But circumstances are currently very challenging in Louisiana.
The refinery has no ...July 26, 2005Valero Energy Corporation Reports Highest Quarterly Earnings in Company’s History Valero Energy Corporation (NYSE: VLO) today reported record net income for the second quarter of 2005 of $847 million, or $3.06 per share, compared to $633 million, or $2.28 per share, for the same period last year. The company’s second quarter 2005 results represent the highest quarterly net income in the company’s history. For the six months ended June 30, 2005, Valero’s net incom...July 22, 2005Valero Opens First Valero-Branded Store in San Antonio as Part of National Conversion of Diamond Shamrock Network Valero Energy Corp. (NYSE: VLO) opened San Antonio’s first Valero Corner Store today as part of its plan to convert the company’s Diamond Shamrock retail network to Valero, giving the company a national brand presence for the first time. The company invested nearly $2 million to construct this new-to-industry store, which is only the second retail store in the state to be converted to the d...July 11, 2005Valero Energy Corporation to Announce Second Quarter 2005 Earnings Results July 26 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call July 26, 2005 at 10:00 a.m. CT to discuss second quarter earnings results, which will be released earlier that day, and provide an update on company operations. The conference call may be accessed by dialing 800/622-7620, reservation passcode 7708606. International callers may access the conferenc...June 30, 2005 Valero to Convert Diamond Shamrock Network to Valero Brand, Giving Company a National Presence On the eve of one of the busiest driving holidays of the year, Valero Energy Corp. (NYSE: VLO) announced that motorists soon will be seeing its distinctive teal-and-yellow Valero signs pop up at retail and branded wholesale stations across the country.
Valero will retire the approximately 30-year-old Diamond Shamrock brand, and when the conversion is complete, the Valero brand image wil...June 17, 2005 Valero Energy Corporation Expects Highest Quarterly Earnings in Company’s History Valero Energy Corporation (NYSE:VLO) today announced that it expects to report record earnings for the second quarter of about $3.00 per share, primarily as a result of exceptionally strong distillate margins and wide sour crude discounts. In addition, based on the outlook for the remainder of 2005, the company believes that the current First Call consensus estimate for 2005 of $7.51 per sh...June 16, 2005Valero, EPA Agreement to Result in Additional Clean Air Benefits Valero Energy Corporation (NYSE: VLO), which uses some of the most advanced environmental controls and has one of the cleanest baseline emission records in the petroleum refining industry, today announced an agreement with the U.S. Environmental Protection Agency (EPA) and the states of Texas, Louisiana, Oklahoma, New Jersey and Colorado, to invest more than $700 million in environmental improvem...June 01, 2005Suncor Energy acquires second refinery near Denver, Colorado Suncor Energy Inc. announced today that its U.S. subsidiary has expanded its refining operations by acquiring a Valero Energy Corporation (NYSE: VLO) refinery adjacent to Suncor’s refinery in Commerce City, Colorado, just outside of Denver.
Suncor Energy (U.S.A.) Inc. yesterday purchased the Colorado Refining Company, an indirect wholly-owned subsidiary of Valero. The purchase pr...April 25, 2005 VALERO TO ACQUIRE PREMCOR IN $8 BILLION TRANSACTION Valero Energy Corp. (NYSE: VLO) and Premcor Inc. (NYSE: PCO) announced today that the companies have executed a merger agreement for Valero to acquire Premcor in an $8 billion transaction. As a result, Valero will add four refineries and 790,000 barrels per day (BPD) of throughput capacity to its system, making it the largest refiner in North America.
With this acquisition, Valero will have to...April 21, 2005Valero Energy Corporation Reports Record First Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record net income of $534 million, or $1.92 per share, for the first quarter of 2005, which is more than double last year’s first quarter net income of $248 million, or $.91 per share (split adjusted). The company’s debt-to-capitalization ratio, net of cash, was 29.6 percent as of March 31, 2005, compared to 30.7 percent as of Decem...April 14, 2005Valero Opens Its First Retail Distribution Center Officials of Valero Energy Corp. (NYSE:VLO) today marked the grand opening of the company’s first retail distribution center by announcing that they’ve invested $20 million in the project, created more than 200 new jobs and donated $30,000 worth of food and other merchandise to the San Antonio Food Bank.
The 132,000-square-foot distribution center, which has 2.6 million cubic feet of...April 08, 2005Valero and Enterprise Announce First Deliveries of Domestic Crude Oil to Texas Gulf Coast via Longest Offhore Pipeline Valero Energy Corporation (NYSE: VLO) and Enterprise Products Partners L.P. (NYSE: EPD) announce the first deliveries of domestic crude oil production to major refining markets on the Texas Gulf Coast via the recently completed Cameron Highway Oil Pipeline System. This 390-mile pipeline is the longest offshore oil pipeline in the U.S. and is the first offshore link between the deepwater dev...March 07, 2005Valero Stores to Offer Pre-paid Gift Cards Valero Energy Corp. (NYSE:VLO) today announced its proprietary gift card program –- providing store customers the convenience of purchasing pre-paid gift cards for as little as $5 and as much as $300. The cards are available at Valero’s U.S.-based company-operated stores, which include the more than 4,700 retail and wholesale branded outlets under various brand names including Diamond Shamrock, V...February 03, 2005Former U.S. Senator Elected to Valero Energy Corporation Board of Directors Valero Energy Corp. (NYSE:VLO) announced that former U.S. Sen. Don Nickles has been elected to the company’s board of directors effective today. The ninth member of Valero’s board, Nickles will serve as a class III director and will sit on the Finance Committee.
"Sen. Nickles will be a tremendous asset to the Valero board, and we are honored that he has decided to serve as one of our directo...February 01, 2005Valero Energy Corporation Reports Record Fourth Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record net income of $488.5 million, or $1.76 per share, for the fourth quarter of 2004, which is well over three times the company’s prior record fourth quarter net income of $131.6 million, or $.50 per share, achieved last year. Results for the fourth quarter include a $57.2 million pre-tax write-off of the company’s joint venture inter...January 11, 2005Valero Ranked as One of America’s Best Big Companies and Best Employers After the most successful year in the company’s history, Valero Energy Corporation (NYSE: VLO) began 2005 by being ranked as the top performer among the nation’s largest companies and being named as one of the top U.S. employers. Valero ranks No. 1 on Forbes Magazine’s annual listing of the “Platinum 400—the Best Big Companies in America ,” which recognizes the company’s superior financial...January 07, 2005Valero Energy Corporation To Announce Fourth Quarter 2004 Earnings Results February 1 Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call February 1, 2005 at 10:00 a.m. CT to discuss fourth quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero’s web site at www.valero.com .
Valero Ene...November 10, 2004Valero Energy Corporation Captures Community Service Award Valero Energy Corporation, one of the nation’s top refining and marketing companies, was honored with the 2004 Community Service Award by Children’s Miracle Network at the Convenience Store News Hall of Fame Reception held recently at the National Association of Convenience Stores (NACS) Show in Las Vegas. Given each year to one company for outstanding community involvement, the award was p...October 26, 2004Valero Energy Corporation Reports Record Third Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record net income of $434.5 million, or $1.57 per share, for the third quarter of 2004, which is more than double the company’s prior record net income for the third quarter of $191.1 million, or $.75 per share, achieved last year. For the nine months ended September 30, 2004, Valero's net income was $1.3 billion, or $4.78 per share, agai...October 18, 2004Valero to Open Retail Distribution Center in San Antonio Area Core-Mark to Manage Operation of Center Valero Energy Corp. (NYSE:VLO) announced today that it will develop its own distribution center in the San Antonio area to supply the majority of its U.S.-based convenience stores with retail merchandise. As part of this initiative, Valero will enter into a multi-year logistics agreement with Core-Mark International, Inc. to manage the center and supply its network.
Valero is in final ...September 14, 2004Valero Texas Open Set to Raise Record-Breaking $4 Million The Valero Texas Open at La Cantera got into full swing today as defending champion Tommy Armour III and Valero chairman and chief executive officer Bill Greehey announced that the tournament will raise a record-breaking $4 million for charity, up nearly 700 percent from 2001 when Valero became the title sponsor.
To make the announcement, Armour and a group of children from Communities in Scho...September 07, 2004Valero Energy Corporation Provides Third Quarter 2004 Earnings Guidance Valero Energy Corporation (NYSE:VLO) today provided updated earnings guidance for the third quarter of 2004. Based on earnings to date and the outlook for the remainder of the quarter, the company expects to report earnings in the range of $2.50 per share, which would be a new record for the third quarter.
“Though somewhat lower than we had originally anticipated for the third quarter,...July 29, 2004 Valero Energy Corporation Reports Record Second Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record net income of $632.7 million, or $4.56 per share, for the second quarter of 2004, compared to net income of $128.4 million, or $1.08 per share, for the same period last year. For the six months ended June 30, 2004, Valero's net income was $880.8 million, or $6.41 per share, compared to net income of $298.8 million, or $2.59 per sha...July 28, 2004Valero's Paulsboro Refinery Honored With OSHA's Highest Industrial Safety Recognition Valero’s Paulsboro refinery today was officially honored as a “Star Site” within the Occupational Safety & Health Administration’s (OSHA) Voluntary Protection Program (VPP), which recognizes the nation’s most effective industrial safety and health programs. The facility became Valero’s fifth Star Site refinery and is one of only 13 out of 149 U.S. refineries to have earned this pre...July 27, 2004Valero Announces Special Stockholder Meeting To Approve Increase in Authorized Shares Valero Energy Corporation (NYSE:VLO - News) today confirmed that its previously announced special meeting of stockholders will be held at 10:00 a.m. on September 13, 2004. The meeting will be held at Valero’s offices at One Valero Way in San Antonio, Texas.
Stockholders will be asked to approve a proposal to amend Valero’s Certificate of Incorporation to increase the authorized number ...July 15, 2004Valero Plans Two-For-One Stock Split And Dividend Increase Valero Energy Corporation (NYSE: VLO) today announced that its Board of Directors has approved a two-for-one stock split on its common stock, to be effected in the form of a stock dividend, subject to shareholder approval of an amendment to the company’s certificate of incorporation to increase the number of authorized common shares. A special meeting of Valero’s shareholders is tentatively...July 12, 2004UTSA, Valero Team Up For Educational Experience Nearly 300 future engineering students will get hands-on refining industry experience in an innovative public/private sector initiative, July 13-15.
The University of Texas at San Antonio (UTSA) has teamed up with Valero Energy Corp. on its Prefreshman Engineering Program, which consists of rigorous mathematics and science courses, and targets primarily minority boys and girls in the ninth thr...July 09, 2004Valero, Valero L.P. & PEMEX Kick Off Partnership To Meet Mexico's Growing Demand For Propane Officials from Valero Energy Corporation (NYSE: VLO); Valero L.P. (NYSE: VLI); PEMEX Gas y Petroquimica Basica; and an affiliate of PEMEX, PMI Comercio Internacional, S.A. de C.V. today officially kicked off a partnership to provide propane to northern Mexico to meet that region’s growing demand for the fuel. The partners dedicated Valero L.P.’s new state-of-the-art propane storag...April 29, 2004Valero Energy Corporation Increases Dividend on Common Stock and Declares Dividend on its 2% Mandatory Convertible Preferred Stock The Board of Directors of Valero Energy Corporation (NYSE:VLO) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.12 per share to $0.15 per share, effective with the quarterly dividend the Board has declared to be payable on June 16, 2004 to holders of record at the close of business on May 19, 2004. The increase in the dividend brings the annu...April 28, 2004Valero Energy Corporation Reports Record First Quarter Earnings Outlook for 2004 Remains Outstanding Valero Energy Corporation (NYSE: VLO) today reported record net income of $248.1 million, or $1.82 per share, for the first quarter of 2004, compared to net income of $170.4 million, or $1.51 per share, for the same period last year.
First quarter operating income for the company’s refining segment was $494.8 million, compared to $390.7 million for the same period last year.&nbs...April 26, 2004Valero L.P. Reports First Quarter Earnings And Announces 6.7% Distribution Increase Valero L.P. (NYSE: VLI) today announced net income applicable to limited partners of $18.5 million, or $0.80 per unit, for the first quarter of 2004, compared to $11.8 million, or $0.60 per unit, for the first quarter of 2003. Distributable cash flow applicable to limited partners for the first quarter was $23.2 million, compared to $14.9 million for the first quarte...March 30, 2004Valero Energy Corporation Provides First Quarter Earnings Guidance Valero Energy Corporation (NYSE: VLO) today announced that it expects first quarter earnings to be around $1.75 per share. Strong refining margins coupled with widening sour crude discounts as well as higher throughput volumes are the primary reasons for the anticipated increase in earnings compared to the first quarter of last year.
In addition, Greg King, President of Valero Energy C...March 05, 2004Valero Energy Corporation Completes Aruba Acquisition Valero Energy Corporation (NYSE:VLO) today announced the closing of its acquisition of El Paso Corporation’s 315,000 barrel-per-day (BPD) refinery in Aruba for $365 million plus $100 million for the related marine, bunkering and marketing operations and $162 million for working capital at closing. In addition, Valero plans to acquire inventories owned by a third-party marketing firm u...February 18, 2004Valero Signs Agreement With GPM Investments Valero Energy Corporation (NYSE: VLO) has signed a 10-year agreement with GPM Investments, LLC to supply its network of 161 retail sites and convert them to the Valero brand. With an expected volume in excess of 1.5 billion gallons of fuel over the term of the contract, it is Valero’s largest agreement with a single distributor.
Valero will immediately begin re-branding the sites, a pr...February 04, 2004Valero Enters Into Purchase Agreement To Acquire El Paso's Aruba Refinery And Related Assets Valero Energy Corporation (NYSE:VLO) announced today that the company has executed a purchase agreement to acquire El Paso Corporation’s (NYSE:EP) 315,000-barrel-per-day (BPD) refinery in Aruba for $365 million plus $100 million for the related marine, bunkering and marketing operations, and an estimated $250 million for working capital.
“This acquisition represents a great value for Valero ...January 27, 2004 Valero Energy Corporation Reports Fourth Quarter Earnings Valero Energy Corporation (NYSE: VLO) today reported record net income of $131.6 million, or $1.01 per share, for the fourth quarter of 2003, compared to net income of $89.0 million, or $0.81 per share, for the same period last year. Results for the fourth quarter include a $25.8 million pre-tax, or $16.3 million after-tax, write-down of the company’s headquarters facility to its fair mar...January 26, 2004Valero L.P. Reports Fourth Quarter And Full Year 2003 Earnings And Announces The Fourth Quarter Distributions Valero L.P. (NYSE: VLI) today announced net income applicable to limited partners of $18.3 million, or $0.79 per unit, for the fourth quarter of 2003, compared to $14.2 million, or $0.74 per unit, for the fourth quarter of 2002. For the full year 2003, net income applicable to limited partners was $65.6 million, or $3.02 per unit, compared to $52.3 million, or $2.72 per unit, for the full...January 20, 2004SAWS To Sign Purchase Agreement To Acquire Valero Headquarters San Antonio Water System Trustees today authorized SAWS President and CEO Eugene Habiger to finalize an agreement to purchase Valero Energy Corporation’s corporate headquarters buildings and property located at Mulberry Avenue and U.S. Highway 281 North. The board also authorized the expenditure of $500,000 for earnest money and $150,000 for subsequent studies at the site.
“After our pre...January 13, 2004Valero's Houston Refinery Honored With OSHA's Highest Industrial Safety Recognition Valero’s Houston refinery today was officially honored as a “Star Site” within the Occupational Safety & Health Administration’s (OSHA) Voluntary Protection Program (VPP). This certification is OSHA’s highest industrial honor and recognizes the nation’s most effective industrial safety and health programs. The facility became just the 15th U.S. refinery to be named a Star Site and...December 31, 2003Valero Energy Corporation Announces Purchase of Logistics Assets From Link Energy, LLC Valero Energy Corporation (NYSE:VLO) announced today it has completed the purchase of Link Energy LLC’s (formerly EOTT Energy LLC) natural gas liquid (NGL) storage facilities located in Mont Belvieu and its idled MTBE plant assets located near the Houston Ship Channel at Morgan’s Point for $20 million in cash. The Mont Belvieu assets include ten NGL storage caverns with rated capacity of ap...December 29, 2003Valero Continues Its Rise Among Fortune's List of “100 Best Companies To Work For” Valero Energy Corporation (NYSE: VLO) received its highest-ever ranking among FORTUNE magazine’s annual list of the “100 Best Companies to Work For.” The San Antonio-based refining and marketing company rose all the way to no. 32 from its no. 70 ranking last year. Valero’s ranking has risen every year since it first made the list at no. 93 in 1999.
“Thanks to our employees, this ...December 17, 2003 Valero Celebrates Expansion and Future of Texas City Refinery Valero employees, local elected officials and other dignitaries gathered at the Valero Texas City refinery today to celebrate the completion of a two-year, $337 million upgrade and expansion project that will significantly increase the plant’s profitability.
“We’ve always had a world-class workforce in Texas City,” said Bill Greehey, chairman of the board and CEO of Valero. “With these...December 03, 2003 Valero’s Retail Stores on Track With Napster Prepaid Cards Valero Energy Corporation is now offering Napster prepaid cards in all of its U.S. company-operated Diamond Shamrock, Valero, Ultramar, Beacon and Total stores. At a cost of $14.85, the card allows the user to legally download 15 songs from the new Napster 2.0 website.
“We’re excited to be among the first in our industry to offer the new Napster card. Now, our customers have a fast, easy and l...November 11, 2003Valero Signs Its Largest Agreement With a Single Distributor Valero Energy Corporation announced today that it has signed a 10-year agreement with DB Companies to supply its 89 retail sites and convert them to the Valero brand. With an expected volume of 750 million gallons of fuel, it is the largest agreement that Valero has signed with a single distributor.
Based in Providence, Rhode Island, DB Companies owns sites located in New York, Connecticut, Rh...October 30, 2003Valero Energy Corporation Reports Record Third Quarter EarningsValero Energy Corporation (NYSE: VLO) today reported net income of $191.1 million, or $1.50 per share, for the third quarter of 2003, compared to net income of $29.8 million, or $.27 per share, for the same period last year. The net income for the third quarter of 2003 is the highest third quarter net income reported by Valero and is 50 percent higher than the previous record third quarter reporte...October 23, 2003Valero Energy Corporation Increases Dividend on Common StockThe Board of Directors of Valero Energy Corporation (NYSE:VLO) has approved an increase in the company's regular quarterly cash dividend on common stock from $.10 per share to $.12 per share, effective with the dividend payable December 10, 2003 to holders of record at the close of business November 12, 2003. The increase in the dividend brings the annualized dividend rate on the company's common ...October 16, 2003Valero Energy Corporation Reschedules Third Quarter Earnings Conference CallValero Energy Corporation (NYSE:VLO) announced today that their previously scheduled third quarter conference call at 10:00 a.m. CT on October 30, 2003 has been rescheduled for 9:00 a.m. CT on October 30, 2003. During the call, management will discuss third quarter earnings results, which will be released earlier that day. Persons interested in listening to the presentation via the internet may lo...September 30, 2003Valero Energy Corporation Raises Third Quarter Earnings EstimatesValero Energy Corporation (NYSE:VLO) today announced that, as a result of stronger than expected retail and wholesale margins during the month of September, it expects earnings for the third quarter of 2003 to be in the range of $1.45 per share. Retail and wholesale margins throughout the company’s entire system, including Canada, were exceptionally strong in September due to lower spot prices for...September 25, 2003Valero Texas Open at La Cantera On Course to Give Unprecedented $2.8 Million to CharityTournament organizers announced today that the Valero Texas Open at La Cantera will raise an unprecedented $2.8 million for charity -- $1 million over last year’s record-breaking charitable donation. With a donation of this amount, the Valero Texas Open scores a major victory, placing it among the top five tournaments on the PGA TOUR in terms of charitable giving.
“Last year, we more than trip...August 19, 2003Valero Announces CFO Danny Gibbons Has Retired & Mike Ciskowski Has Been Appointed to Replace Him Valero Energy Corporation (NYSE: VLO) announced today that Chief Financial Officer Danny Gibbons is taking early retirement, and Mike Ciskowski, currently Executive Vice President of Corporate Development, has been tapped to replace him.
“Over the last 22 years, Danny has made many contributions to the company’s successful financial transactions, and we greatly appreciate his hard work, dedic...July 29, 2003Valero Energy Corporation Reports Second Quarter EarningsValero Energy Corporation (NYSE: VLO) today reported net income of $128.4 million, or $1.08 per share, for the second quarter of 2003, compared to net income of $11.3 million, or $.10 per share, for the same period last year. For the six months ended June 30, 2003, Valero’s net income was $298.8 million, or $2.59 per share, compared to a net loss of $27.3 million, or $.26 per share, for the six mo...July 14, 2003GulfTerra Energy Partners and Valero Energy Corporation Finalize Agreements For Cameron Highway Oil Pipeline SystemGulfTerra Energy Partners, L.P. (NYSE:GTM), formerly El Paso Energy Partners, L.P. (NYSE:EPN), and Valero Energy Corporation (NYSE:VLO) announced today that they have completed agreements to form a 50/50 joint venture in the $458-million Cameron Highway Oil Pipeline System project. A $325 million non-recourse financing for the project was also completed.
Cameron Highway, which was announced in ...June 27, 2003Acquisition of Orion Refinery to Proceed A U.S. Bankruptcy Court has approved the sale of Orion Refining Corporation’s 185,000-barrel-per-day (BPD) refinery in Louisiana to Valero Energy Corporation (NYSE: VLO) for $400 million plus approximately $130 million for the refinery’s on-hand inventories. With Orion’s bankruptcy proceedings completed, and because the Federal Trade Commission (FTC) has already approved the acquisition, Valero e...June 25, 2003Pemex AgreementSubsidiaries of Valero Energy Corporation (NYSE: VLO) and Valero L.P. (NYSE: VLI) have forged a five-year agreement with MGI Supply Limited, a subsidiary of Pemex-Gas y Petroquimica Basica, to supply and ship 5,000 barrels per day (BPD) of propane to Northern Mexico. Valero expects to begin delivering the product early in the first quarter of 2004. As part of this transaction, Valero Energy has ...June 20, 2003Valero Energy Corporation Provides Second Quarter Earnings GuidanceValero Energy Corporation (NYSE: VLO) today provided earnings guidance for the second quarter of 2003. Based on actual financial results for April and May operations and the current outlook for the month of June, the company expects to report earnings per share for the second quarter in the range of $1.00 to $1.10 per share. “Although the quarter started off very strong, the combined impact of c...May 19, 2003Valero and NYNAS Forge Marketing Agreement Valero Marketing and Supply Company and Nynas USA, Inc. today announced that they’ve completed a long-term marketing agreement for the naphthenic base oils produced at Valero’s Three Rivers, Texas refinery. Under the agreement, Valero will purchase technology from Nynas to upgrade the naphthenic base oil processing facility at its Three Rivers refinery, improving the product quality and yield a...May 14, 2003Acquisition of Orion RefineryValero Energy Corporation (NYSE:VLO) announced today that the company has executed a purchase agreement to acquire Orion Refining Corporation’s 185,000-barrel-per-day (BPD) refinery in Louisiana for $400 million plus approximately $100 million for working capital. “This acquisition offers tremendous value for our shareholders as the refinery will be a great strategic fit for Valero’s refining ne...April 22, 2003Valero Energy Corporation Reports First Quarter EarningsValero Energy Corporation (NYSE: VLO) today reported net income of $170.4 million, or $1.51 per share, for the first quarter of 2003, compared to a net loss of $38.6 million, or $.37 per share, for the same period last year. Operating income for the first quarter was $358.1 million, compared to operating income of $.2 million for the same period last year. -First quarter operating income for the...March 26, 2003Valero Announces Common Stock OfferingValero Energy Corporation (NYSE: VLO) announced it has agreed to offer 6.3 million shares of its common stock through Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. All shares will be offered by Valero under its existing shelf registration statement filed with the Securities and Exchange Commission in March 2002. The net proceeds are estimated to be approximately $250 millio...March 18, 2003VLI Completes Transactions with VLOValero L.P. (NYSE: VLI) announced today that it has closed on the previously announced acquisition of assets and redemption of common units from Valero Energy Corporation (NYSE: VLO). Valero L.P. acquired 58 crude oil and intermediate feedstock storage tanks and related assets from Valero for $200 million, and, acquired Valero Energy’s South Texas pipeline system and related terminals for an add...March 11, 2003VLO Logistics Announces Private Offering of Senior NotesValero Logistics Operations, L.P., the 100 percent-owned operating subsidiary of Valero L.P. (NYSE: VLI), today announced that it intends to issue $250 million of senior notes due 2013 in a private placement offering to eligible purchasers. The offering is expected to be eligible for resale under Rule 144A. The private offering, which is subject to market and other conditions, will be made only to...March 11, 2003VLI Announces Public Offering of 5,750,000 Common UnitsValero L.P. (NYSE: VLI) today announced that it intends to make a public offering of 5,750,000 common units representing limited partner interests. Valero L.P. intends to use the net proceeds of the offering to finance, in part, its recently announced acquisitions of crude oil storage tanks and South Texas pipelines and related terminals from Valero Energy Corporation. These transactions are sched...March 10, 2003Valero L.P. Announces $350M in AcquisitionsValero L.P. (NYSE:VLI) announced today that it has entered into agreements with Valero Energy Corporation (NYSE: VLO) to acquire 58 crude oil and intermediate feedstock storage tanks and related assets located at Valero Energy’s refineries for $200 million in cash. Additionally, Valero L.P. announced that it has entered into an agreement to acquire Valero Energy’s South Texas pipeline system and r...March 10, 2003Valero Announces Agreements to Sell Assets to Valero L.P.Valero Energy Corporation (NYSE:VLO) announced today that it has entered into agreements with Valero L.P. (NYSE: VLI) to sell 58 crude oil and intermediate feedstock storage tanks and related assets for $200 million in cash. Additionally, Valero Energy has entered into an agreement with Valero L.P. to sell its South Texas pipeline system and related terminals for $150 million. Valero Energy also...March 06, 2003 Valero Provides First Quarter Earnings Guidance Valero Energy Corporation (NYSE: VLO) today provided earnings guidance for its first quarter 2003 earnings. Refined product margins in all of the geographic regions in which it operates have improved substantially from the low levels experienced during the month of January. In addition, better sour crude oil discounts have also contributed to the improved earnings outlook. Partially offsetting the...February 11, 2003Valero is First in Southwest to Introduce Ultra Low Sulfur DieselValero Energy Corporation (NYSE: VLO) is the first refiner in the U.S. Southwest to introduce Ultra Low Sulfur Diesel (ULSD), a specially refined diesel fuel that has significantly lower sulfur content than regular on-road diesel. As part of Valero’s clean fuels program, the company introduced its ULSD well in advance of regulatory requirements to help improve the air quality in cities that are cu...February 05, 2003Valero Names President and Senior OfficersValero Energy Corporation (NYSE: VLO) announced today that its board of directors elected Greg King as president of the corporation. In addition, the board named Bill Klesse as the corporation’s chief operating officer and elected Clayton Killinger as vice president and controller, Hal Zesch as vice president and chief information officer, and Kim Bowers as vice president, legal services. “Recog...January 28, 2003Valero Reports Fourth Quarter and Full Year EarningsValero Energy Corporation (NYSE: VLO) today reported net income of $89.0 million, or $.81 per share, for the fourth quarter of 2002, compared to $51.6 million, or $.82 per share, in the fourth quarter of 2001. Valero's net income for the full year 2002 was $91.5 million, or $.83 per share, compared to net income of $563.6 million, or $8.83 per share, in 2001. Full year 2002 EBITDA was $879 million...January 27, 2003Bank of America Expands Partnership with Valero Bank of America (NYSE: BAC) and Valero Energy Corporation (NYSE: VLO) today announced that they have expanded their partnership, creating one of the single largest Automated Teller Machine (ATM) contracts in U.S. banking history. By the end of the first quarter 2003, Bank of America will have installed its enhanced ATM software on more than 1,100 of Valero Energy Corporation-owned ATMs, which a...January 07, 2003Valero Named One of 100 Best Companies to Work ForValero Energy Corporation announced today that FORTUNE magazine has once again included the company on its annual list of the “100 Best Companies to Work for in America.” The San Antonio-based refining and marketing company moved up the list to no. 70 from its previous rankings at no. 82 in 2000 and no. 93 in 1999. Valero was not included on the 2002 list because the company’s merger with Ultram...January 07, 2003Valero LP Acquires Asphalt Storage Facility & TerminalValero L.P. (NYSE: VLI) announced today that it has purchased an asphalt terminal and storage facility near Benicia, California, for $15.0 million from Telfer Oil Company, a privately owned regional asphalt marketer. Telfer Oil Company has retained and will continue to operate its other businesses related to the manufacture and distribution of asphalt. The acquisition was funded with available cas...December 09, 2002Valero Adds Regional Sales ManagersValero Energy Corporation announced today that it has added three new Regional Sales Managers, Paul B. Moyer, Jr., Ted Xavier and Glenn M. Zomack, to introduce the Valero wholesale brand to the East Coast market. They will report to Greg Kaneb, Vice President of Valero’s Northeast/Southeast Region Wholesale Division. Moyer has 30 years experience in wholesale branded marketing. Before joining Va...October 30, 2002Valero Energy Corp. Announces Third Quarter EarningsValero Energy Corporation (NYSE:VLO) today reported net income of $29.8 million, or $.27 per share, for the third quarter of 2002, compared to net income of $101.1 million, or $1.58 per share, for the third quarter of 2001. For the nine months ended September 30, 2002, Valero's net income was $2.5 million, or $.02 per share, compared to net income of $512 million, or $7.96 per share, for the nine ...October 29, 2002Valero L.P. Announces Third Quarter Earnings ResultsValero L.P. (NYSE: VLI) today announced net income applicable to limited partners of $13.9 million, or $0.72 per unit, for the third quarter of 2002, compared to $13.5 million, or $0.70 per unit, for the third quarter of 2001. For the nine months ended September 30, 2002, net income applicable to limited partners was $38.1 million, or $1.98 per unit, compared to $32.3 million, or $1.68 per unit, f...October 22, 2002Valero Earns National Recognition for Exceptional Equal Employment Opportunity ProgramsValero Energy Corporation (NYSE: VLO) was one of just five companies to receive the “Exemplary Voluntary Efforts” (EVE) Award, which honors federal contractors that have demonstrated exemplary and innovative equal employment opportunity (EEO) programs. U.S. Secretary of Labor Elaine Chao presented the award to Valero during the Department of Labor’s annual awards ceremony in Washington, D.C., last...October 18, 2002Valero Energy Corporation Announces Quarterly Dividend on Common StockThe Board of Directors of Valero Energy Corporation (NYSE:VLO) today declared a regular quarterly cash dividend on the company's common stock of $.10 per common share. The dividend is payable December 11, 2002 to holders of record at the close of business November 13, 2002. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with more than 22,000 employees and annual revenues...October 07, 2002Fitch Affirms Valero Energy Corporation's Ratings Reuters News -- October 7, 2002 (Full text of press release provided by Fitch Ratings.) NEW YORK, Oct 7 - Fitch Ratings has affirmed Valero Energy Corporation's senior unsecured debt rating of 'BBB-', the rating of the company's Premium Equity Participating Security Units (PEPS) and Trust Originated Preferred Securities rating of 'BB+' and the company's short term rating of 'F3'. The Rating ...October 04, 2002Valero and El Paso Energy Partners to develop one of the largest crude oil delivery systems in the Gulf of MexicoValero Energy Corporation (NYSE:VLO) today announced that it has executed a Letter of Intent with El Paso Energy Partners (NYSE:EPN) to become a 50 percent partner in the Cameron Highway Oil Pipeline Project. When completed, Cameron Highway will be a 390-mile pipeline that will deliver up to 500,000 barrels per day of crude oil from major deepwater Gulf of Mexico fields directly to the major refin...October 02, 2002Valero Selects CB&I for Clean Fuels ProjectValero Energy Corporation (NYSE: VLO) announced today that it has selected Chicago Bridge & Iron Company N.V. (NYSE: CBI), through its subsidiary Howe-Baker International, to design and build a 53,000 barrel per day (BPD) Gasoline Desulfurization Unit at Valero's 240,000 BPD refinery in Texas City, Texas. Mechanical completion is expected in late 2003. Headquartered in San Antonio, Texas, Val...September 27, 2002Valero Texas Open Hosts Salute to Armed Forces DayThe Valero Texas Open at La Cantera will honor local men and women of the U.S. military by hosting a “Salute to Armed Forces Day” on Saturday, Sept. 28. Admission is free all day on Saturday for all active-duty military personnel who present a military I.D. at the admissions gate. “We think it’s important to honor these dedicated men and women for their commitment and loyalty to our great coun...September 26, 2002Valero's Diamond Shamrock Corner Store Sells Winning Lottery TicketWhat a difference a day makes. On Saturday afternoon, Sept. 21, long-time Valero Diamond Shamrock Corner Store customer Lester “Track” Carter made his near-daily stop at Valero’s Diamond Shamrock Corner Store in Taft, Texas, to purchase a lottery ticket for his wife Alvertia. The next day, 74-year-old Alvertia learned that she was holding the single winning ticket for the $7 million Lotto Texas dr...September 20, 2002Valero Texas Open to Feature One of the Strongest Fields in Event HistoryThe Valero Texas Open at La Cantera will feature one of the strongest fields in Texas Open History including bright young stars and well-known veteran contenders who will vie for the $3.5 million purse and challenge defending champion Justin Leonard as he contends for his third consecutive Valero Texas Open title. If Leonard succeeds, he will join Arnold Palmer as the only player to win the PGA ...September 17, 2002Valero CEO Presents Views on Industry at Take Stock in San Antonio EventTake Stock Remarks Valero Today - It’s great to be with all of you today. I’d like to especially thank Charlie Amato & Harriet Marmon Helmle for inviting me to participate on this year’s panel. They have been the force that has kept Take Stock in San Antonio going all these years and it is a great thing for San Antonio’s publicly traded companies and local investors. And, certainly, there ha...September 09, 2002Two-time Defending Champion Vies to Capture Third Valero Texas Open TitleWith his second place finish last week at the Bell Canadian Open and a tie for fourth at the PGA Championship, Justin Leonard has vaulted to #5 on the PGA TOUR money list with a career best $2.5 million in earnings. His four Top 10 finishes in his last nine starts have him well-positioned to make a run at his third consecutive Valero Texas Open at La Cantera title. If he succeeds, he will join Arn...September 05, 2002Valero Introduces State-of-the-Art ATM Machines to Retail SitesWincor Nixdorf, the leader in innovative, open ATM solutions, today announced that Valero Energy Corporation (NYSE: VLO), which owns Diamond Shamrock Corner Stores®, Stop N Go®, Ultramar®, Valero®, Beacon® and Total® retail outlets, will install Wincor Nixdorf’s ProCash 1500 cash dispensers in 1,200 company-owned gasoline and convenience store retail locations. Wincor Nixdorf and IBM competed agai...September 04, 2002Valero Selects CBI for Turnkey Clean Fuels ProjectChicago Bridge & Iron Company N.V. (NYSE: CBI) today announced that its subsidiary Howe-Baker Engineers, Ltd. was awarded a contract by Valero Energy Corporation (NYSE:VLO) to design and build a 25,000 barrel per day (BPD) CCR (Continuous Catalytic Regeneration) Platformer™ and associated facilities at Valero's 195,000 BPD refinery in Paulsboro, NJ. In addition to the CCR unit, Howe-Baker's s...August 30, 2002Valero Responds to Moody's Rating Outlook ChangeValero Energy Corporation (NYSE:VLO) today responded to Moody’s Investors Service action yesterday to change the company’s rating outlook from stable to negative while maintaining the company’s investment grade rating of Baa2. While refining margins are currently below average levels for this time of the year, the company does not anticipate any significant increase in its debt levels. Based on ...August 30, 2002Valero Awards Jacobs Engineering Major ContractJacobs Engineering Group Inc. (NYSE:JEC) announced today that it is providing multi-disciplined engineering and design, procurement and construction assistance services for a Valero Energy Corporation (NYSE: VLO) project in Paulsboro, New Jersey. Officials did not disclose the contract value. The project, which supports Valero's ongoing clean fuels initiative, consists of the conversion of the ex...August 16, 2002Valero and TABC Team Up Against Underage DrinkingIn 2001, Texas had the highest alcohol-related traffic fatalities among youth aged 15 to 20, according to the National Highway Traffic Safety Administration. So, as many high-school students return to school and begin driving to different social activities with friends, Valero Energy Corporation, which owns Diamond Shamrock Corner Stores, Stop N Go and Total retail outlets, and the Texas Alcoholi...August 07, 2002Valero Texas Open is Already One for the Record Books Sales Hit $5.5-Million Mark As Organizers Add Third Pro-Am Tournament for the First Time in the Texas Open’s 80-Year History
Officials of Valero Energy Corporation and Golf San Antonio today announced that this year’s Valero Texas Open at LaCantera has already earned a place in the history books due to record-breaking sponsorship sales. For the first time in the Texas Open’s 80-year histo...July 30, 2002Valero Energy Corporations Chairman and CEOBill Greehey, chairman and CEO of San Antonio-based Valero Energy Corporation, the largest independent refining company in the United States, has been selected for induction into the 2002 Texas Business Hall of Fame. Greehey is one of five Texas business legends who will be honored and officially inducted into the Hall of Fame at the foundation's annual dinner Thursday, October 17, 2002 at the H...July 30, 2002Valero Energy Announces Second Quarter Earnings ResultsValero Energy Corporation (NYSE:VLO) today reported net income for the second quarter of 2002 of $11.3 million, or $.10 per share, compared to net income of $274.8 million, or $4.23 per share, in the second quarter of 2001. For the six months ended June 30, 2002, Valero's net loss was $27.3 million, or $.26 per share, compared to net income of $410.9 million, or $6.35 per share, for the six months...July 29, 2002Valero L.P. Announces Second Quarter EarningsValero L.P. (NYSE: VLI) today announced net income applicable to limited partners of $14.6 million, or $0.76 per unit, for the second quarter of 2002, compared to $10.1 million, or $0.53 per unit, for the second quarter of 2001. For the first six months of 2002, net income applicable to limited partners was $24.2 million, or $1.26 per unit, compared to $18.8 million, or $0.98 per unit, for the fir...July 18, 2002Valero Energy Corporation Declares Dividend on Common StockThe Board of Directors of Valero Energy Corporation (NYSE:VLO) today declared a regular quarterly cash dividend on the company's common stock of $.10 per common share. The dividend is payable September 11, 2002 to holders of record at the close of business August 14, 2002. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with more than 22,000 employees and annual revenues ...July 11, 2002Valero to Announce Second Quarter Earnings on July 30Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call July 30, 2002 at 3 p.m. CT to discuss second quarter earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the presentation live via the internet may log on to Valero's website at http://www.valero.com. Valero Energy Corpor...June 19, 2002Richardson Resigns from Valero Energy Corporation BoardValero Energy Corporation (NYSE:VLO) announces that Bill Richardson is resigning from the company's board of directors so that he can focus on his candidacy for the office of governor of New Mexico. Richardson is the former U.S. secretary of energy, and he has been on the Valero board since March 2001. The resignation is effective June 30. “Valero’s friendship with Bill Richardson goes back more...May 17, 2002Valero Completes Sale of Golden Eagle Refinery and Related AssetsOfficials of Valero Energy Corporation (NYSE: VLO) today announced that they’ve closed on the sale of the 168,000 barrel-per-day (BPD) Golden Eagle Refinery and 70 associated retail sites in Northern California to Tesoro Petroleum Corporation (NYSE: TSO). The transaction recently received approval from Tesoro’s lenders, the Federal Trade Commission, the California Atto | |