Valero is a U.S. oil refiner and retail gasoline brand based in San Antonio, Texas. Valero operates 15 refineries in North America, with 5,800 retail stores distributing fuel. Valero also owns the Diamond, Shamrock, Ultramar, and Beacon brands. Valero has rapidly become a major producer of ethanol fuel, purchasing 10 ethanol plants in less than a year.
Bill Klesse, Valero’s President, CEO and Chairman, was compensated a total of almost $11.7 million in 2009.