Valero Energy

San Antonio-based independent refiner

Overview

Valero Energy manufactures and markets transportation fuels and petrochemical products through Refining, Ethanol and Renewable Diesel segments.[2] Fortune records 2025 revenue of US$115.9bn, down 6.5% on 2024, and profit of US$2,348m, with 9,798 employees, the smallest workforce of any company in the top 25.[1]

Valero Energy strengths and limitations

Strengths

  • Very high revenue per employee
  • Ethanol and renewable diesel operations

Limitations

  • Thin profit margin
  • Revenue fell 6.5% in 2025

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