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31 - Valero Energy

A vehicle passes in front of the Valero Energy Corp. St. Charles Refinery at night in Norco, Louisiana, U.S., on Thursday, Feb. 8, 2018. U.S. refiners exported staggering amounts of diesel and gasoline last year, hitting records in both categories while continuing to eye more opportunities to expand. Photographer: Luke Sharrett/Bloomberg via Getty Images - Luke Sharrett —Bloomberg via Getty Images
A vehicle passes in front of the Valero Energy Corp. St. Charles Refinery at night in Norco, Louisiana, U.S., on Thursday, Feb. 8, 2018. U.S. refiners exported staggering amounts of diesel and gasoline last year, hitting records in both categories while continuing to eye more opportunities to expand. Photographer: Luke Sharrett/Bloomberg via Getty Images Luke Sharrett —Bloomberg via Getty Images

Valero’s refinery operations ran at near full capacity by the end of 2017, increasing quarterly output by 156,000 barrels per day. CEO Joe Gorder says the company has completed its recovery efforts following Hurricane Harvey, and that it performed “very well.” A 77% increase in profits on revenues of $88.4 billion appear to back that up. Valero experienced a significant increase in biofuel blending costs, but the expense is a relatively small part of the company’s overall operations.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank37
Revenues ($M)$88407
Revenue Percent Change26.0%
Profits ($M)$4065.0
Profits Percent Change77.6%
Assets ($M)$50158
Market Value — as of March 29, 2018 ($M)$39977
Employees10015

Company Facts

Employees10015
SectorEnergy
IndustryPetroleum Refining
HQ LocationSan Antonio
CEOJoseph W. Gorder
CEO Title-
Websitewww.valero.com
Years on Fortune 500 List20

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