Where does Valero’s oil come from? Answers to 5 questions about S.A.’s largest public company
Valero Energy Corporation's headquarters is located near Loop 1604 and Interstate 10, by UTSA. July 24, 2020.In the 13 days since Russia invaded Ukraine, San Antonio motorists have seen gas prices spiral at the pump — and prices will likely surge again following President Joe Biden’s ban on Tuesday of Russian crude oil.
Of course, this doesn’t include the oil that Valero refines that was extracted in the U.S. It is unclear how much domestic oil the company processes. According to its annual report to the U.S. Securities and Exchange Commission, filed last month, it refines crude oil from West and South Texas at its refineries in Corpus Christi. It also uses crude from the Gulf Coast.Valero has been a publicly-held company since 1997, so it is owned by its shareholders. As of Wednesday, its share price was $87.
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