Valero Energy Corporation, commonly referred to as Valero, is a leading player in the crude petroleum industry, with its headquarters situated in the United States. Established in 1980, the company has grown to become one of the largest independent refiners and marketers of petroleum products in North America, operating across major regions including the US, Canada, and the Caribbean.
Specialising in crude oil refining and related services, Valero’s core offerings include gasoline, diesel, jet fuel, and other petroleum-based products. Its integrated operations and focus on efficiency have distinguished it within the industry, contributing to its strong market position. Valero’s commitment to innovation and sustainable practices continues to underpin its reputation as a key player in the crude petroleum sector.
+21 vs industry average
Valero Energy’s score of 36 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Valero Energy's reported carbon emissions
Valero Energy's carbon emissions reporting indicates a strong focus on Scope 1 and Scope 2 greenhouse gas (GHG) emissions within the crude petroleum and services industry.
Recent Emissions Data:
- 2025: Valero reported Scope 1 and 2 emissions totalling approximately 11.9 billion kg CO2e.
- 2024: Scope 1 emissions were around 24.3 billion kg CO2e, with Scope 2 emissions at approximately 5 billion kg CO2e (both market-based and location-based).
- 2023: Scope 1 emissions were approximately 24.9 billion kg CO2e, and Scope 2 emissions were around 5.1 billion kg CO2e (market-based).
- 2022: Scope 1 emissions stood at approximately 24.8 billion kg CO2e, with Scope 2 emissions at about 4.9 billion kg CO2e (market-based).
- 2021: Scope 1 emissions were approximately 23.7 billion kg CO2e, and Scope 2 emissions were around 4.9 billion kg CO2e (market-based).
- 2020: Scope 1 emissions were approximately 23 billion kg CO2e, with Scope 2 emissions at about 4.5 billion kg CO2e (market-based).
- 2019: Scope 1 emissions were approximately 24.8 billion kg CO2e, and Scope 2 emissions were around 4.7 billion kg CO2e (market-based).
- 2018: Scope 1 emissions totalled approximately 25.4 billion kg CO2e, with Scope 2 emissions at about 5 billion kg CO2e (market-based).
- 2017: Scope 1 emissions were approximately 25.2 billion kg CO2e, and Scope 2 emissions were around 5.2 billion kg CO2e.
- 2011: Scope 1 and 2 emissions combined were approximately 31.8 billion kg CO2e.
Scope 3 emissions data is not currently disclosed by Valero Energy.
Climate Commitments and Reduction Targets:
Valero Energy has established several significant climate commitments:
- Net-Zero by 2035: The company is targeting to reduce and displace 100% of its global refinery GHG emissions (Scopes 1 and 2) by 2035 through board-approved projects and carbon sequestration initiatives.
- Early Achievement of 2025 Target: Valero has already achieved its 2025 target to reduce and displace 63% of its global refinery GHG emissions (Scopes 1 and 2) by 2025. This was accomplished in 2022, three years ahead of schedule. This 63% reduction is based on emissions from 2011.
These commitments highlight Valero Energy's proactive approach to managing its carbon footprint within the refining sector.
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Valero Energy’s Climate Goals (2030 & 2050)
7 goals2035
63% reduction in all scopes
We have established and disclosed targets to reduce/displace global refinery Scope 1 and 2 GHG emissions by 63% by 2025 and by 100% by 2035,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 7 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Valero Energy
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