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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.
36
DitchCarbon score
+20 vs industry average
Valero Energy’s score of 36 is higher than 61% 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
Very High
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Valero Energy's reported carbon emissions
Valero Energy, headquartered in the US and operating in crude petroleum and related services, reported Scope 1 emissions of 24.3 billion kg CO2e and Scope 2 (market-based) emissions of 5 billion kg CO2e in 2024. For 2023, the company's Scope 1 emissions were approximately 24.9 billion kg CO2e, and Scope 2 (market-based) emissions were around 5.1 billion kg CO2e. In 2022, Valero Energy's Scope 1 emissions were about 24.8 billion kg CO2e, with Scope 2 (market-based) emissions at approximately 4.9 billion kg CO2e. The company reported Scope 1 emissions of 23.7 billion kg CO2e and Scope 2 (market-based) emissions of 4.9 billion kg CO2e in 2021. For 2020, Scope 1 emissions stood at 23 billion kg CO2e, and Scope 2 (market-based) emissions were 4.5 billion kg CO2e.
Valero Energy has set several climate commitments. The company aims to reduce and offset 63% of its global refining Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2025. This target was reportedly achieved three years ahead of schedule in 2022. Additionally, Valero Energy is targeting a 100% reduction and displacement of its global refinery Scope 1 and Scope 2 GHG emissions by 2035 through board-approved projects and carbon sequestration projects. The company has stated it is on track to achieve both its 2025 and 2035 targets.
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Valero Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Valero Energy3 months ago
36
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