Valero NNN Properties for Sale
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Type | Public |
---|---|
NYSE: VLO S&P 500 component | |
Industry | Oil and gas |
Founded | January 1, 1980; 43 years ago (1980-01-01) |
Founder | William Greehey |
Headquarters | , |
Area served | North America |
Key people | Joseph W. Gorder (President & CEO) |
Products | |
Revenue | US$117.033 billion (2018)[1] |
US$4.572 billion (2018)[1] | |
US$4.156 billion (2018)[1] | |
Total assets | US$50.158 billion (2018)[1] |
Total equity | US$21.667 billion (2018)[1] |
Number of employees | 10,015 (January 2018)[1] |
Website | www |
Valero Energy Corporation – A Fortune 500 Petrochemical Giant
Valero Energy Corporation is a transportation fuel marketer and Fortune 500 multinational manufacturer of petrochemical and power products, based in San Antonio, Texas. Currently, the company operates and owns 18 refineries across Canada, United Kingdom, United States and the Caribbean, with over 3 million barrels per day of united throughput capacity, a 50 MW wind farm and 10 ethanol plants with over 1.2 billion gallons per year of united production capacity. Before spinoff of CST Brands in 2013, Valero was among the leading retail operators of the US with over 6800 branded and retail wholesale outlets in Canada, US, UK and the Caribbean under Diamond Shamrock, Valero, Ultramar, Shamrock, Texaco and Beacon brands.
Revenue & Current Status
According to the current statistics, Valero Energy Corporation (NASDAQ: VLO) is enjoying continuing income from operations in 2015 and 2016. It is an international marketer and manufacturer of petrochemical products, transportation fuels, and power. It had the income of over US$4.9 billion. According to a stock market research portal Zacks, the existing cash flow of VLO is surprisingly 26.44%. This level is far higher than most of its rivals, as well as industry average. Actually, the average cash flow growth of the industry witnesses 5.54% and it suggests that VLO is better than cash flow overlook. It is estimate that earnings of VLO are heading to right direction. It is also going to consider the positive market trends on the analysis. According to the analysts, the company has been raising their estimates, and earning seems to be little more favorable.
As per Top Chronicle, Valero Energy Corporation has surged EPS by $1.24/share in last quarter ended on September 2016, beating the estimates of analyst of $0.93/share, with $0.31/share of difference. It seems to be the surprising growth of 33.3% of the company’s earnings in past quarter. The mean EPS is projected to be $1.75 per share according to 16 analysts for the Current Quarter. According to their findings and observations, the stock can generate $1.15/share of Low EPS and $2.37/share of high EPS. The 12-month forecasts have been offered by 19 analysts for Valero Energy with estimates, which show up to 5.47% rise over the last price of 66.37, according to CNN Money.
The Origin
On January 1, 1980, Valero Energy Corporation was established as a part of Coastal States Gas Corporation. It was the leading corporate spinoff in the history of United States. It took cover of the LoVaca Gathering Company’s natural gas operations, which is a defunct contributory of Coastal States Gas. Valero is the leading name from Mission San Antonio de Valero, which owned a small oil refinery in Texas in the year 1981 and started operating its refinery by the year 1984.
In 1997, the retail and refinery departments have been spun off in separate subsidiary under Valero. Rest of the divisions, including basically natural gas operations, were owned by the Pacific Gas & Electric Company. Later that year, Basis Petroleum has been acquired by the company and has four refineries in Louisiana and Texas. Then it acquired New Jersey refinery in 1998, the first refinery out of Gulf Coast region.
Valero acquired Benicia, California refinery from ExxonMobil as well as interest in 350 service stations in California branded by ExxonMobil in 2000, especially in San Francisco Bay. It has started offering gasoline to the market under its brand Valero. It acquired Huntway Refining Company in June 2001, as well as two West Coast-based asphalt plants.
Valero Energy Corp Real estate
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