Valero Energy Corp. has donated $3 million to Feeding America, as part of its “Fill Up to Fight Hunger” campaign. Motorists across America fought hunger in their communities simply by filling up with fuel at participating Valero-branded outlets for the past three months. For each 8-gallon fuel purchase made at a participating Valero outlet, Valero [...]
Separating upstream and downstream operations will make ConocoPhillips the largest independent refiner in the U.S. ConocoPhillips has announced it plans to split its business in two, separating its upstream and downstream operations, the Wall Street Journal reported. The news that the company will separate its refining-and-marketing assets from its energy and power companies sent shares of [...]
Convenience stores continue to play an important role in raising much-needed funds in times of trouble. By: Erin Rigik, Associate Editor. When disaster strikes, convenience stores are often at their best stepping up to support the community. But what makes the industry so special is that it often continues to give back long after the [...]
By John Lofstock, Editor When Greg Ehrlich joined Certified Oil Co. in 2006, the company set myriad of goals aimed at upgrading the brand’s retail image, redesigning the convenience stores and developing a comprehensive loyalty program. With the projects complete, Ehrlich will step away from the day-to-day operations of Columbus, Ohio-based oil company and assume [...]
Valero Energy Corp. has approved the Nucleus point-of-sale (POS) system by Dresser Wayne, an innovator of fuel dispensers and technologies, for implementation at Valero-branded fuel sites across the U.S. The popular touch-screen POS system has demonstrated its compatibility with the Valero payment network and seamless integration with Valero operations. To celebrate the announcement, both Dresser [...]
Winning Over CPG Customers According to a new study commissioned by MEI Computer Technology Group Inc., there is an increased emphasis on improving trade promotion effectiveness, as consumer packaged goods (CPG) manufacturers look to bolster the value and return on their trade spend, and capture wallet share from consumers. Despite the current climate, [...]
Valero Marketing and Supply Co. has partnered with Outsite Networks to launch the Valero Rewards Club loyalty program in its wholesale marketing channel of 4,000 sites. This is the first scalable, customizable loyalty program offered by a major oil company that is deployable across a diverse set of dealer and distributor stores and geographic regions. [...]
Valero has added Spacenet to serve as a provider for its broadband network managed services and offer connectivity to its nationwide branded wholesale locations. Spacenet Inc., is a wholly owned subsidiary of Gilat Satellite Networks Ltd., and a provider of broadband network solutions. Valero, an independent refiner in North America and a retail operator with [...]
San Antonio-based Valero Energy Corp. has discontinued operations in Delaware City after completing the sale of its terminal operation there to Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Company LLC. Valero received total proceeds of $220 million from the sale. Valero had announced the sale of [...]
The Valero Texas Open and Benefit for Children Golf Classic have raised $8 million for children’s charities. Despite the lingering economic difficulties facing all industries, the amount generated for charity matches last year’s total, and is likely once again to make the Valero Texas Open the top fundraising event on the PGA TOUR. Funds are [...]
In the first quarter of 2010, Valero Energy Corp. reported a loss of $101 million from continuing operations (or $0.18 per share) compared to the first quarter of 2009 gain from continuing operations of $364 million ($0.70 per share). The first quarter 2010 operating loss was $32 million, versus first quarter 2009 operating gain of [...]
The Valero company has agreed to a set of measures aimed at reducing tobacco sales to minors at more than 4,900 gas station convenience stores operating nationwide under Valero trademarks, Iowa Attorney General Tom Miller announced Wednesday. “Valero owns 1,000 convenience store outlets and has nearly 4,000 franchise outlets, so this will make a difference,” [...]
San Antonio-based Valero Renewable Fuels is donating more than $40,000 in funds and equipment to 10 local fire departments in Midwestern communities where the company owns ethanol plants, the Boston Herald reported. Valero owns the former VeraSun plant in Aurora, S.D. The San Antonio, Texas-based company will also pay tuition and travel expenses for 20 [...]
The Muscular Dystrophy Association today announced that, with 92% of some 10,000 retail locations reporting, its 2010 Shamrocks Against Dystrophy fundraiser is the most successful in the event’s 27 year history. As of today, the grass-roots initiative with a St. Patrick’s Day theme, has raised more than $20 million to advance MDA’s lifesaving mission. More Shamrocks [...]
Valero Renewable Fuels Company LLC, a wholly owned subsidiary of San Antonio-based Valero Energy Corporation has closed on the purchase of an ethanol plant from Renew Energy. The plant, located near Jefferson, Wis., has an annual production capacity of 110 million gallons. Valero paid $72 million for the plant. The purchase gives Valero Renewables a [...]