American operations lead Valero’s global operations
Valero operates through three reportable segments: refining segment, ethanol segment and VLP segment. Valero’s US-based refining operations include refining, wholesale marketing, product supply and distribution and transportation. Valero controls 12 refineries in the United States, accounting for 84.0% of the company's total production capacity. The US Gulf Coast contains six refineries, with a combined production capacity of 1.6 million barrels per day. Valero's remaining US refineries are capable of producing 590,000 barrels per day. The company's refining business has benefited from processing sweet crude oils from the inland United States. These crude oils, such as West Texas Intermediate (WTI) crude oil, have lower costs than the benchmark sweet crude oils.
Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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