Describe how Valero Energy has Maintained Energy Production? (Essay Sample)

Valero Energy
Name
Institution
Valero Energy
Introduction
Valero energy is a corporation that was founded in early 1980 and was at the time the only largest corporate spinoff in the United States history. It represented the Coastal states Corporation which later took over the natural Gas operations of the Lavaca Gathering Company Ltd. The company acquired Corpus Christi which was in Texas in 1981, it however started its operations in 1984. The company has over the years developed to a fortune company with over 500 international manufacturers and is also a marketer of transportation fuels, power and other petrol related products. (Ontario Securities Commission 2013).
The company operates throughout the U.K, the U.S and the Caribbean using its 16 refineries which it owns and operates in the aforementioned states and has a throughput capacity of more than 3 million barrels which translates to over 480,00meters/cuboids. It also produces 1.2 billion U.S gallons (over 4,500,000meters/cuboids) per 10 ethanol plants as well as a 50 megawatt wind farm. Valero has along the years been the largest United States’ largest retailer with over 6,800 both retail and wholesale outlets in the U.S, the U.K, the Caribbean and Canada until the emergence of spinoff CST brands in 2013. (Ontario Securities Commission 2013).
Conclusion
The Valero Corporation completed its spinoff to CST Brands Inc. which is and Independent Corporation inherited by the company’s stakeholders and retail businesses. It however continued to use the long-term supply agreement that was developed by the former company. After the spinoff, over 1,500 formerly Valero-operated ...