Valero Energy
Neil Siler
American Military University
Professor Bobby Barrett
May 1st, 2016
Abstract
This paper is a strategic management essay for Valero Energy. Valero Energy is a refiner of gasoline, diesel and many other fuels. This paper lists the many aspects of Valero Energy’s business components. The paper will reflect the leadership and corporate culture of Valero, as well as provide insight to their community pledge.
Executive Summary
Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products
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and spins off its refining and marketing operations as a new company retaining the Valero name. Valero acquired Basis Petroleum Inc. in 1997, making it the largest independent refining and marketing company on the Gulf Coast. Valero acquired the Benicia refinery, one of the most complex refineries in the nation, and also gets a 270-store retail distribution chain and 80 company-operated sites. Valero accelerated its expansion with purchases of a 115,000-barrel-per-day refinery in Corpus Christi (which became the Bill Greehey Refineries East Plant), two asphalt refineries on the West Coast, and then its largest transaction, the purchase of Ultramar Diamond Shamrock in 2001. Valero acquired Orion Refining Corp.'s St. Charles Refinery in Norco, La., outside New Orleans, in 2003. Valero's international reach expanded in 2004 with the purchase of El Paso Corp.'s 315,000-barrel-per-day refinery on the Caribbean Island of Aruba. In 2005 Valero's became the largest independent North American refiner with the acquisition of Premcor Inc. and its four refineries (Inside, …show more content…
Environment - We produce environmentally clean products and are committed stewards of the environment.
Communities - We share our success with the communities where we live and work through volunteerism, charitable giving and the economic support of being a good employer.
Employees - We consider our employees a competitive advantage and our greatest asset. As such, we provide them with a safe and rewarding work environment with opportunities for growth and personal development.
Stakeholders - Our stakeholders are our partners to whom we pledge to deliver operational excellence, disciplined management of capital and long-term value (Inside, 2016).
Mission Statement
Valero will be the premier manufacturer, distributor and marketer of quality transportation fuels and petrochemical feedstocks, while serving the needs of our employees, communities and stakeholders (Inside, 2016).
Corporate Values & Culture
SWOT Analysis