Valero Energy Corporation: Large scale refiner to sustain solid credit metrics through 2024 despite weaker refining margins
Valero benefits from large scale, diversified assets, conservative financial policies, excellent liquidity, a strong track record and resilience to the cyclical refining sector.Valero Energy is an international manufacturer and marketer of transportation fuels and petrochemical products. The company's segments include: Refining, which includes its refining operations, the associated marketing activities, and logistics assets that support its refining operations; Ethanol, which includes its ethanol operations, the associated marketing activities, and logistics assets that support its ethanol operations; and Renewable Diesel, which includes the operations of its joint ventture, Diamond Green Diesel Holdings LLC, which owns and operates a renewable diesel plant in Norco, LA.
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