• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Valero Announces CEO Transition Plan

    5/9/23 6:33:00 AM ET
    $VLO
    Integrated oil Companies
    Energy
    Get the next $VLO alert in real time by email

    Joseph W. Gorder to Retire as CEO; Will Remain as Executive Chairman

    R. Lane Riggs to Assume CEO Position and Become Director

    Valero Energy Corporation (NYSE:VLO, "Valero"))) announced today that Joseph W. Gorder, Valero's Chief Executive Officer and Chairman of the Board, has chosen to retire as CEO and has been elected as Executive Chairman of the Board, both effective June 30, 2023. In his new role, Mr. Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and Valero's leadership on Company decisions.

    R. Lane Riggs, Valero's President and Chief Operating Officer, has been elected to serve as Valero's CEO and as a member of the Board, also effective June 30, 2023.

    Mr. Gorder has led Valero as CEO since May 1, 2014, and has served as Chairman of the Board since December 31, 2014. "Joe's strong and principled leadership steered a repositioning of Valero's strategy that has been steadfastly executed for nearly a decade and has been pivotal to Valero's ability to deliver distinctive financial results and peer-leading returns to stockholders while establishing its position as one of the world's leading manufacturers of low-carbon liquid transportation fuels," said Robert A. Profusek, Valero's Lead Independent Director. "With the strong foundation for continued success that Joe established in place along with a strong succession development plan being executed, the Board unanimously agrees that now is the time to transition to Lane as CEO. We are fortunate and grateful to have Joe continue as Executive Chairman and for Lane to be assuming the role of CEO."

    "I would like to thank our employees, stockholders, business partners, and our communities where we live and work for their courage, humility and unwavering commitment to get Valero where it is today," Gorder said. "Lane has long played a vital role in developing and implementing our strategies as a key member of Valero's executive team. Our succession plan has been in place for some time and has progressed as planned with the complete involvement and support of the Board."

    "The tenets of Valero's strategy – pursuing excellence in operations, deploying capital with an uncompromising focus on returns, and honoring our commitment to stockholders – that have been in place for nearly a decade under Joe's leadership will remain a constant and continue to position us well for the future," said Lane Riggs.

    In addition to his current position, Mr. Riggs has held several leadership positions with Valero overseeing refining operations, crude and feedstock supply, and planning and economics. Mr. Riggs also served on the board of directors of Valero Energy Partners GP LLC (the general partner of Valero Energy Partners LP (NYSE: VLP)) from 2014 to 2019.

    About Valero

    Valero Energy Corporation, through its subsidiaries (collectively, "Valero"), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States ("U.S."), Canada, the United Kingdom ("U.K."), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which owns two renewable diesel plants located in the U.S. Gulf Coast region with a combined production capacity of approximately 1.2 billion gallons per year, and Valero owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.6 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit investorvalero.com for more information.

    Safe-Harbor Statement

    Statements contained in this release that state Valero's or management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "believe," "expect," "should," "estimates," "intend," "target," "will," "plans," "forecast," and other similar expressions identify forward-looking statements. Forward-looking statements in this release include statements relating to Valero's strategy, among other matters. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of Valero's control, such as legislative or political changes or developments, market dynamics, cyberattacks, weather events, and other matters affecting Valero's operations or the demand for Valero's products. These factors also include, but are not limited to, the uncertainties that remain with respect to current or contemplated legal, political or regulatory developments that are adverse to or restrict refining and marketing operations, or that impose profits, windfall or margin taxes or penalties, the Russia-Ukraine conflict, the impact of inflation on margins and costs, economic activity levels, and the adverse effects the foregoing may have on Valero's business plan, strategy, operations and financial performance. For more information concerning these and other factors that could cause actual results to differ from those expressed or forecasted, see Valero's annual report on Form 10-K, quarterly reports on Form 10‑Q, and other reports filed with the Securities and Exchange Commission and available on Valero's website at www.valero.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20230508005755/en/

    Get the next $VLO alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $VLO

    DatePrice TargetRatingAnalyst
    4/28/2025$127.00Sell → Neutral
    Goldman
    4/25/2025$121.00 → $118.00Buy
    TD Cowen
    10/25/2024$145.00 → $140.00Buy
    TD Cowen
    10/17/2024$150.00Neutral
    BofA Securities
    10/9/2024$172.00 → $165.00Equal Weight → Overweight
    Wells Fargo
    9/20/2024$169.00 → $123.00Overweight → Neutral
    Piper Sandler
    7/18/2024$177.00Outperform
    Wolfe Research
    7/17/2024$165.00 → $175.00Neutral → Outperform
    Mizuho
    More analyst ratings

    $VLO
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

      The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero")) has declared a regular quarterly cash dividend on common stock of $1.13 per share. The dividend is payable on June 18, 2025 to holders of record at the close of business on May 20, 2025. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a comb

      5/6/25 4:20:00 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • Valero Energy Reports First Quarter 2025 Results

      Reported a net loss attributable to Valero stockholders of $595 million, or $1.90 per share Reported adjusted net income attributable to Valero stockholders of $282 million, or $0.89 per share Issued $650 million aggregate principal amount of 5.15% Senior Notes due 2030 in February for debt repayment and general corporate purposes Repaid the outstanding principal balances of $189 million of 3.65% Senior Notes that matured in March and $251 million of 2.85% Senior Notes that matured in April Declared a regular quarterly cash dividend on common stock of $1.13 per share on January 16 Returned $633 million to stockholders through dividends and stock buybacks Valero Energy Corporati

      4/24/25 6:30:00 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • Valero Announces Notice to the California Energy Commission Regarding its Benicia, California, Refinery

      Valero Energy Corporation (NYSE:VLO, "Valero")) announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero's Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic alternatives for its remaining operations in California. "We understand the impact that this may have on our employees, business partners, and community, and will continue to work with them through this period," said Lane Riggs, Chairman, CEO and President of Valero. In connection with the evaluation of strategic alternatives for Valero's operations i

      4/16/25 8:30:00 AM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Valero Energy upgraded by Goldman with a new price target

      Goldman upgraded Valero Energy from Sell to Neutral and set a new price target of $127.00

      4/28/25 8:13:39 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • TD Cowen reiterated coverage on Valero Energy with a new price target

      TD Cowen reiterated coverage of Valero Energy with a rating of Buy and set a new price target of $118.00 from $121.00 previously

      4/25/25 8:12:19 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • TD Cowen reiterated coverage on Valero Energy with a new price target

      TD Cowen reiterated coverage of Valero Energy with a rating of Buy and set a new price target of $140.00 from $145.00 previously

      10/25/24 7:58:53 AM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    Financials

    Live finance-specific insights

    See more
    • Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

      The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero")) has declared a regular quarterly cash dividend on common stock of $1.13 per share. The dividend is payable on June 18, 2025 to holders of record at the close of business on May 20, 2025. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a comb

      5/6/25 4:20:00 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • Valero Energy Reports First Quarter 2025 Results

      Reported a net loss attributable to Valero stockholders of $595 million, or $1.90 per share Reported adjusted net income attributable to Valero stockholders of $282 million, or $0.89 per share Issued $650 million aggregate principal amount of 5.15% Senior Notes due 2030 in February for debt repayment and general corporate purposes Repaid the outstanding principal balances of $189 million of 3.65% Senior Notes that matured in March and $251 million of 2.85% Senior Notes that matured in April Declared a regular quarterly cash dividend on common stock of $1.13 per share on January 16 Returned $633 million to stockholders through dividends and stock buybacks Valero Energy Corporati

      4/24/25 6:30:00 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • Valero Energy Corporation to Announce First Quarter 2025 Earnings Results on April 24, 2025

      Valero Energy Corporation (NYSE:VLO) announced today that it will host a conference call on April 24, 2025 at 10:00 a.m. ET to discuss first quarter 2025 results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United King

      3/7/25 3:58:00 PM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    SEC Filings

    See more
    • Amendment: SEC Form SCHEDULE 13G/A filed by Valero Energy Corporation

      SCHEDULE 13G/A - VALERO ENERGY CORP/TX (0001035002) (Subject)

      4/30/25 11:11:25 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • SEC Form 10-Q filed by Valero Energy Corporation

      10-Q - VALERO ENERGY CORP/TX (0001035002) (Filer)

      4/24/25 11:55:24 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • Valero Energy Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - VALERO ENERGY CORP/TX (0001035002) (Filer)

      4/24/25 8:13:40 AM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Amendment: SEC Form 4 filed by Director Diaz Fred M

      4/A - VALERO ENERGY CORP/TX (0001035002) (Issuer)

      5/8/25 5:46:42 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Wilkins Rayford Jr

      4 - VALERO ENERGY CORP/TX (0001035002) (Issuer)

      5/8/25 5:26:37 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Weisenburger Randall J

      4 - VALERO ENERGY CORP/TX (0001035002) (Issuer)

      5/8/25 4:47:26 PM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    Leadership Updates

    Live Leadership Updates

    See more
    • Valero Announces Board Leadership Transition

      Joseph W. Gorder to Retire as Executive Chairman and Director CEO and President R. Lane Riggs to Assume Chairman Position Valero Energy Corporation (NYSE:VLO, "Valero")) today announced that Joseph W. Gorder has chosen to retire as Executive Chairman and as a member of the Board effective as of the close of business on December 31, 2024. R. Lane Riggs, Valero's Chief Executive Officer and President, and member of the Board, has also been elected to the additional position of Chairman of the Board effective as of such date. Mr. Gorder retired as Valero's CEO effective as of the close of business on June 30, 2023 and has served as Executive Chairman of the Board since that time. In his rol

      10/30/24 4:13:00 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • JetBlue Announces First Regular Supply of Blended Sustainable Aviation Fuel (SAF) for Commercial Air Travel in New York

      JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in

      7/31/24 8:17:00 AM ET
      $DAR
      $JBLU
      $VLO
      $WKC
      Packaged Foods
      Consumer Staples
      Air Freight/Delivery Services
      Consumer Discretionary
    • Valero Announces CEO Transition Plan

      Joseph W. Gorder to Retire as CEO; Will Remain as Executive Chairman R. Lane Riggs to Assume CEO Position and Become Director Valero Energy Corporation (NYSE:VLO, "Valero"))) announced today that Joseph W. Gorder, Valero's Chief Executive Officer and Chairman of the Board, has chosen to retire as CEO and has been elected as Executive Chairman of the Board, both effective June 30, 2023. In his new role, Mr. Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and Valero's leadership on Company decisions. R. Lane Riggs, Valero's President and Chief Operating Officer, has been elected to serve as Valero's CEO and as a member of the Board, also ef

      5/9/23 6:33:00 AM ET
      $VLO
      Integrated oil Companies
      Energy

    $VLO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Valero Energy Corporation (Amendment)

      SC 13G/A - VALERO ENERGY CORP/TX (0001035002) (Subject)

      2/13/24 4:55:57 PM ET
      $VLO
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by Valero Energy Corporation (Amendment)

      SC 13G/A - VALERO ENERGY CORP/TX (0001035002) (Subject)

      1/30/24 11:48:05 AM ET
      $VLO
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by Valero Energy Corporation (Amendment)

      SC 13G/A - VALERO ENERGY CORP/TX (0001035002) (Subject)

      2/9/23 10:54:49 AM ET
      $VLO
      Integrated oil Companies
      Energy