Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company owns and operates renewable diesel and ethanol plants, as well as produces renewable diesel and naphtha under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distiller grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
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Valero Energy Corporation has announced layoffs affecting 237 employees as part of changes to its refinery operations. The decision comes amid ongoing adjustments within the company, reflecting its response to current market conditions and operational needs. While specific details regarding the locations or departments impacted were not disclosed, this move indicates a strategic shift in Valero's workforce management. The layoffs are part of a broader effort to streamline operations and improve efficiency in the face of industry challenges.
Valero Energy Corporation has announced upcoming layoffs at its refinery, set to begin in March 2024. While specific numbers of affected employees have not been disclosed, the company is preparing for a workforce reduction as part of its operational adjustments. The layoffs are part of a broader strategy to streamline operations and improve efficiency within the company. Details regarding the exact location and departments impacted have not been specified, but the announcement indicates a significant shift in Valero's workforce management. This decision reflects ongoing challenges in the energy sector and aims to position Valero for future stability.
Valero Energy Corporation has announced the layoff of approximately 300 employees as it proceeds with the shutdown of its Northern California refinery. This decision comes as part of the company's strategic adjustments in response to market conditions and operational challenges. The layoffs are effective immediately, impacting workers at the facility. Valero's closure of the refinery reflects broader trends in the energy sector, where companies are reevaluating their operations amidst fluctuating demand and economic pressures. The company has not specified any plans for future operations at this site.
Valero Energy Corporation has announced the layoff of 237 employees as it moves toward a permanent shutdown of its Benicia refinery. This decision comes amid ongoing challenges in the refining sector and reflects the company's strategic shift in operations. The layoffs are part of a broader restructuring plan aimed at optimizing Valero's business amidst changing market conditions. The affected employees will be notified shortly, with the layoffs expected to take effect immediately. This closure marks a significant change for the local workforce and the community dependent on the refinery's operations.
Valero Energy Corporation has laid off approximately 200 employees, nearly 70% of the staff at its Benicia Refinery, as part of preparations for the facility's impending shutdown. The layoffs were announced as the company moves to discontinue operations at the refinery, which has been a significant part of its operations. This decision reflects the company's strategic shift and the challenges faced in the current market environment. The layoffs are effective immediately, impacting a substantial portion of the workforce at this location.
Valero Energy Corporation has announced upcoming layoffs at its refinery operations in Texas, set to begin in March 2024. The company plans to cut approximately 200 positions as part of its restructuring efforts. This decision comes amid ongoing challenges in the energy sector, prompting Valero to adjust its workforce to align with current market conditions. The layoffs are expected to impact various roles within the refinery, although specific departments have not been detailed. Valero aims to streamline operations while maintaining its commitment to safety and efficiency during this transition.
Valero Energy Corporation has announced plans to lay off approximately 300 workers as it prepares to close its refinery in California. This decision comes as part of the company's restructuring efforts in response to changing market conditions. The layoffs are expected to significantly impact the local workforce, although specific dates for the job cuts have not been disclosed. Valero's closure of the refinery reflects broader challenges in the energy sector, as companies adapt to fluctuating demand and regulatory pressures.
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