Valero Energy Corporation: Large scale refiner to sustain solid credit metrics through 2025 despite lower refining margins
Valero benefits from its large scale, conservative financial policies, strong liquidity, solid operating track record, and resilience to the cyclical and volatile 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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