Tag Archives: Valero Retail Spinoff

Valero Completes CST Brands Spinoff

By |
0 Comment

It’s official folks. Valero (VLO) completed the spinoff of CST Brands (CST) and the company began trading today as an independent entity on the NYSE. The new company operates in the US & Canada as an independent retailer of fuel and convenience merchandise while Valero is now a “more-focused refining, wholesale marketing, and alternative fuels company.” The Motley Fool’s Jim Royal is… Read More »

Valero To Give The Heave Ho To Retail Unit

By |
0 Comment

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 »