Valero To Give The Heave Ho To Retail Unit

While releasing its Q2 earnings, Valero Energy (VLO) also dropped news of its plans to separate retail unit. While Valero is best known for its refining business, the company also operates over 6,000 retail and branded wholesale outlets. According to CapIQ, for the FYE 2011 the retail segment generated $11.7b of revenues and $381m of EBIT, small potatoes… Read More »