Valero Energy Corporation (VLO), headquartered in San Antonio, Texas, manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products. Valued at $45 billion by market cap, the company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as offers diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.
Shares of this largest independent refiner have underperformed the broader market considerably over the past year. VLO has gained 13.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.1%. In 2024, VLO’s stock rose 8.6%, compared to the SPX’s 24.1% rise on a YTD basis.
