Valero Energy
Valero Energy Corporation, commonly known as Valero, is a leading international manufacturer and marketer of transportation fuels and petrochemical products. Headquartered in San Antonio, Texas, Valero operates refineries and facilities across the United States, Canada, and the United Kingdom, solidifying its presence in key operational regions. Founded in 1980, Valero has achieved significant milestones, including becoming one of the largest independent refiners in the world. The company’s core offerings include gasoline, diesel, jet fuel, and a variety of petrochemicals, distinguished by their commitment to sustainability and innovation. Valero's strategic focus on renewable fuels and advanced technologies positions it as a market leader, recognised for its operational excellence and environmental stewardship.
DitchCarbon Score
How does Valero Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Valero Energy's score of 15 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Valero Energy's reported carbon emissions
In 2023, Valero Energy reported significant carbon emissions, with Scope 1 emissions totalling approximately 24,900,000,000 kg CO2e and Scope 2 emissions at about 5,100,000,000 kg CO2e (market-based). This reflects a slight increase in Scope 1 emissions from 2022, which were approximately 24,800,000,000 kg CO2e, while Scope 2 emissions also rose from about 4,900,000,000 kg CO2e. Valero has set ambitious climate commitments, aiming to reduce and offset 63% of its global refining Scope 1 and 2 greenhouse gas (GHG) emissions by 2025 through board-approved projects. Notably, in 2022, the company achieved this target three years ahead of schedule, successfully displacing the equivalent of 63% of its GHG emissions from its global refinery operations. Looking towards the future, Valero is targeting a complete reduction and displacement of 100% of its refinery GHG emissions (Scopes 1 and 2) by 2035, which will be achieved through ongoing projects and carbon capture and storage (CCS) initiatives. These commitments underscore Valero's proactive approach to addressing climate change and reducing its carbon footprint in the energy sector.
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| 2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Valero Energy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
