Does Valero have a convenience store business?
Previously, Valero used to operate fuel stations and convenience stores through this business. In August 2016, Alimentation Couche-Tard, the parent company of Circle K, agreed to buy CST in an all-cash deal worth $4.4 billion. Valero’s fourth-quarter and 2020 results, which were released at the end of February, were quite disappointing as expected.
What is the history of the corner store at Valero?
Valero introduced its updated "Corner Store" retail concept on December 28, 2007, opening the company's first 5,500-square-foot (510 m 2) prototype in western San Antonio. The Corner Store retail division, originally part of Diamond Shamrock, was absorbed into Valero's business portfolio in 2001.
What is the history of Valero?
Valero took over the natural gas operations of the defunct subsidiary of Coastal States Gas, LoVaca Gathering Company. The name Valero comes from Misión San Antonio de Valero, the original name of the Alamo.
Is Valero Energy Corporation now a public corporation?
Valero agrees to merge its natural gas-related service business with PG&E Corporation and spin off its refining assets into a new public corporation still known today as Valero Energy Corporation.
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Who is Valero owned by?
Valero has been a publicly-held company since 1997, so it is owned by its shareholders. As of Wednesday, its share price was $87.14, with a market capitalization of nearly $35.7 billion, according to Yahoo Finance.
Is Circle K buying Valero?
A $4.4 billion buyout involving a convenience store giant in Canada means the local Valero Corner Store locations will become Circle K outlets in the near future, with a color scheme of red, white and orange. The buyer, Couche-Tard, plans no changes in the management or staffing of the stores.
Can I use my Valero card at Circle K?
You can find the closest location where your Valero Credit Card is accepted online. Valero gas cards do not work at any Circle K's!
What companies does Circle K own?
Today, Couche-Tard owns nearly 7,800 stores in the U.S. under the Circle K, Corner Store, Kangaroo Express and Holiday brands.
Are Circle K and Valero the same?
Other brands of fuel sold at Circle K stores include Valero, BP, Exxon, Marathon, Irving, Mobil, Esso and Phillips 66. Approximately 13% of stores worldwide do not sell gasoline.
Who bought Circle K 2022?
Majors ManagementMajors Management acquires 69 convenience stores across six states. LAWRENCEVILLE, Ga. — Majors Management LLC and its affiliates took ownership of 69 convenience stores from Circle K Stores Inc.
Is Valero gas Russian?
Valero Energy Corporation is a Fortune 500 international manufacturer and marketer of transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States.
Is Valero gas good quality?
The short answer to that would be a resounding, absolutely! The excellent quality of Valero gas has earned it a seat at the table of the most trusted gas suppliers in the U.S.
Where all can I use my Valero gas card?
Keep in mind that Valero Credit Card doesn't belong to any credit card network (like Visa or Mastercard), so you will only be able to use it at the gas stations and stores affiliated with Valero.
Did Circle K buy out Shell?
LAVAL, Quebec -- In a deal reported first by CSNews yesterday, Alimentation Couche-Tard's U.S. subsidiary, Circle K, acquired 236 Shell-branded sites from Shell Oil Products US and its affiliate Motiva Enterprises LLC.
What does the K in Circle K stand for?
The letter K comes from Kay Misenheimer, which founded Kays in Texas 1951. When the company grew over the years, the name and logo evaolved to what we now know as Circle K.
Is Circle K owned by Russia?
Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. We are recognized for our strong food service brands, Simply Great Coffee, and of course our icy cold, flavour abundant Frosters.
Who did Circle K buyout?
Circle K celebrates 50 years of fast, friendly service. Phillips Petroleum Company, headquartered in Bartlesville, Oklahoma, acquires Tosco Corporation and the Circle K brand.
Who did Valero buyout?
Valero purchases its St. Charles Refinery from Orion Refining Corporation in South Louisiana, expanding Valero's Gulf Coast reach and creating one of the most dramatic industrial turnarounds in company history.
Did Circle K buy out Shell?
LAVAL, Quebec -- In a deal reported first by CSNews yesterday, Alimentation Couche-Tard's U.S. subsidiary, Circle K, acquired 236 Shell-branded sites from Shell Oil Products US and its affiliate Motiva Enterprises LLC.
Who owns Circle K gas?
Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations
What company did Valero acquire?
The name Valero comes from Mission San Antonio de Valero, the original name of the Alamo. Valero acquired Corpus Christi Marine Services Company ("CCMS"), a small barge company in Corpus Christi, ...
Who owns Valero refinery?
Shortly after the divestiture of Delaware City, the company sold its refinery at the Port of Paulsboro to PBF Holdings, a wholly owned subsidiary of PBF Energy, as well. The sale concluded Valero's refinery ownership on the East Coast.
Why did Valero lay off 500 employees?
Valero laid off 500 employees at its refinery in Delaware City, Delaware on November 20, 2009, due to profitability concerns. It was reported the refinery had lost $1 million per day since the beginning of the year.
How much did Valero Energy make in 2017?
For the fiscal year 2017, Valero Energy reported earnings of US$4.065 billion, with an annual revenue of US$93.980 billion, an increase of 24.2% over the previous fiscal cycle. Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.2 billion in November 2018.
How much did Valero buy Chevron?
On March 11, 2011, Valero announced that it had agreed to a major European purchase from Chevron Corp. for $730 million in cash, not including working capital that will be determined at closing. Estimates on the value of the working capital would place the total price at $1.73 billion.
How many retail outlets does Valero have?
Before the 2013 spinoff of CST Brands, Valero was one of the United States' largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Beacon, and Texaco brands.
What was Valero's contribution to Proposition 23?
Valero was the biggest financial backer of the failed 2010 California Proposition 23 and contributed more than $4 million by August 2010. Had it passed, Proposition 23 would have delayed action on greenhouse-gas emissions in the state of California by delaying current implementation of the California's Global Warming Solutions Act of 2006 until the state attained an unemployment rate of 5.5% or less for one full year. Critics argued that because that had happened only three times over the last 40 years, the proposition would have had the practical effect of repealing the law.
Is the Diamond Shamrock gas pump dead giveaway?
These gas pumps are a Diamond Shamrock dead giveaway. The center number with the circular border was unique to them. Notice that the wide format double ad holders are still in place. This was a problem towards the end of the Circle K changeover in Houston with many spots going blank.
Is Circle K still a corner store?
All in all this turned out to essentially still be a Corner Store in all but name. Looking at county records it seems that this location along with a few others were sold to the franchisee in 2020. Interestingly the location is still on the Circle K website and the features listed are even all correct. Who knows in a few years this may end up like the old Stop n Go’s in Houston that became “Stop and Go” or Circle K’s that became “Korner Store”.
What is Valero's business?
Valero is managing its business to responsibility meet the world's growing demand for reliable and affordable energy. It is investing in innovative low-carbon technologies, while at the same time prioritizing safety, environmental stewardship and community engagement that are foundational to its success.
Who is Valero Energy?
On January 1, Valero Energy Corporation is born as the corporate successor of Lo-Vaca Gathering Company, a natural gas pipeline subsidiary of Houston-based Coastal Corporation. At the time, this represents the largest corporate spinoff in U.S. history.
What is Valero LP?
This solidifies Valero’s foothold as one of the nation’s top refining and marketing companies, and expands its retail and branded wholesale networks to approximately 4,700 sites. The deal also gives Valero a stake in a midstream logistics business, later named Valero LP, which was spun off in 2006 and renamed NuStar Energy LP.
How many gallons of diesel does Valero produce?
Valero a leading renewable fuels producer. Diamond Green Diesel annually produces 690 million gallons of renewable diesel, and Valero now has 12 ethanol plants with an annual capacity of 1.6 billion gallons.
How many windmills does Valero have?
Valero also completes 33 wind turbines in the Texas Panhandle, partly powering the McKee refinery. Valero Renewables grows to 10 ethanol plants with the purchase of three more sites (Bloomingburg, Ohio; Linden, Indiana; and Jefferson, Wisconsin), and one additional site in Mount Vernon, Indiana in 2014.
How many outlets does Valero have?
Valero supplies approximately 7,000 independently owned fuel outlets carrying its family of brands in the U.S., Canada, the U.K., Ireland and Mexico, as well as rack and bulk markets in those countries and Peru.
Where is Valero located?
Valero officially commissions its first full-scale refinery in Corpus Christi, Texas (later named the Bill Greehey Refineries West Plant). As the last grassroots refinery built in the U.S., Valero’s Corpus Christi investment is labeled the “Refinery of the Future.”.
Where did Circle K start?
By the way, Circle K stores got their start right here in El Paso, when Fred Hervey bought three local food stores and then began expanding into New Mexico and Arizona.
When did Couche Tard buy Circle K?
Couche-Tard, which now operates about 15,000 convenience stores around the world, bought Circle K in 2003.
Did Couche Tard get rid of Valero employees?
Media reports at the time said Couche-Tard didn't plan to get rid of any workers at Valero stores, they'd simply become Circle K employees.
Who owns Circle K?
Circle K Stores, Inc. (stylized as Circle Ⓚ) is an international chain of convenience stores, owned by the Canadian multinational Alimentation Couche-Tard. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003.
What brands of fuel are sold at Circle K?
Other brands of fuel sold at Circle K stores include Valero, BP, Exxon, Marathon, Irving, Mobil, and Phillips 66. Approximately 13% of stores worldwide do not sell gasoline.
What is Circle K?
In September 2015, Couche-Tard announced that Circle K would become the worldwide brand of all of its convenience stores, replacing Mac's, Kangaroo Express, and Statoil brands (except the Couche-Tard brand in Quebec and the INGO brand in Europe).
How many Circle K franchises are there in Hong Kong?
Circle K had 387 franchised locations throughout Hong Kong as of May 2020. The Circle K brand entered the Canadian market in 2008, in connection with Couche-Tard's acquisition of Irving Oil 's convenience store network.
What size are fountain drinks at Circle K?
Fountain drinks at Circle K are sold in Polar Pop cups, previously called Thirst Busters, are available in expanded polystyrene cups. In areas where polystyrene containers are illegal, plastic cups are offered. The 52-ounce cups are plastic. Most American locations offer any size, 32 ounce or under for under one American dollar. 52-ounce or above cups are priced at over a dollar. The price point of its 44 ounce size (marketed as "Epic XL" in some regions) may vary, as it may be under or over $1, depending on region.
How many states does Circle K have?
Within the United States, Circle K owns and operates stores in 48 states, with the largest concentration of stores found in Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, North Carolina, Ohio, South Carolina, and Texas.
How many Circle K stores are there in 2020?
As of February 2020, Circle K has 9,799 stores in North America (primarily in the United States and Canada), 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.
Who bought Circle K?
In 1984, Circle K reached $1 billion in sales, and in 2003, it was acquired by Couche-Tard. It now has a presence in 20 countries.
How many Valero stores are there in Waco?
A total of seven Valero Corner Store locations do business in Greater Waco, and all reportedly will become Circle K stores.
Where is Circle K located?
But Circle K now belongs to Alimentation Couche-Tard Inc., based in Quebec, Canada, which wants to make its presence felt in the Sun Belt of the United States, especially Texas.
When did Circle K start?
Circle K can trace its roots to 1951, when Fred Harvey bought three Kay’s Food Stores in El Paso, then shortly thereafter spread into New Mexico and Arizona.
Overview
History
Valero was created on January 1, 1980, as the successor of Coastal States Gas Corporation's Subsidiary, LoVaca Gathering Company. Valero took over the natural gas operations of the LoVaca Gathering Company, later renamed the Valero Transmission Company. The name Valero comes from Mission San Antonio de Valero, the original name of the Alamo. Valero acquired Corpus Ch…
Finances
For the fiscal year 2017, Valero Energy reported earnings of US$4.065 billion, with an annual revenue of US$93.980 billion, an increase of 24.2% over the previous fiscal cycle. Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.2 billion in November 2018. Valero is ranked No. 31 on the Fortune 500 rankings of the largest United State…
Environmental record
The Political Economy Research Institute ranks Valero 28th among corporations that emit airborne pollutants in the United States. The ranking is based on both the quantity (3.4 million pounds in 2005) and the toxicity of the emissions.
Valero was the biggest financial backer of the failed 2010 California Proposition 23 and contributed more than $4 million by August 2010. Had it passed, Proposition 23 would have delayed action …
Defense contracts
For many years, Valero Energy Corp. has been awarded contracts worth several hundred millions of dollars by the United States Defense Logistics Agency Energy (DLA Energy) through the U.S. Defense Energy Support Center (DESC) to provide fuel, often JP-8, to Israel.
Divestitures
During 2010, Valero sold its operations on the United States Atlantic coast.
In November 2009, Valero Energy closed its operations at Delaware City. Later, Valero Energy reached an agreement to sell the assets of its Delaware City Refining and Delaware Pipeline to a Petroplus Holdings subsidiary, PBF Energy Partners LP, for approximately $220 million in September 2010.
Acquisitions
Through acquisitions in 2011, Valero entered the European market while strengthening its position in the United States, by reducing costs in supplying the Atlantic coast.
On August 1, 2011, Valero acquired the Pembroke Refinery from Chevron, as well as the marketing and logistics assets, for $730 million, excluding working …
Retail
Valero retails gasoline branded as Valero, Shamrock, Diamond Shamrock, Beacon, and Total, the last under license from Total S.A. While this arm of the company was the most visible to the public, it was, according to CEO Bill Greehey, "a very small part of [Valero's] operations".
Valero attempted to shift its focus from being a discount gasoline brand to beco…