M&A Deal Summary |
|
|---|---|
| Date | 2007-05-02 |
| Target | Valero Energy - Lima Refinery |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Husky Energy |
| Sellers(s) | Valero Energy |
| Deal Type | Divestiture |
| Deal Value | 1.9B USD |
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| Category | Company |
|---|---|
| Founded | 1938 |
| Sector | Oil/Gas Exploration |
| Employees | 4,802 |
| Revenue | 20.3B CAD (2019) |
Husky Energy is an integrated energy and energy-related company. Husky has two business segments - Husky Energy's Upstream unit which is involved in oil and gas exploration, and Downstream, which is its refining operations. Husky Energy was founded in 1938 and is based in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Energy Services and Equipment |
| Employees | 9,886 |
| Revenue | 144.8B USD (2023) |
Valero Energy owns and operates petroleum refineries throughout the United States, Canada, and the United Kingdom. The Company's refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. Valero markets branded and unbranded refined products on a wholesale basis in the U.S., Canada, the Caribbean, the U.K., and Ireland through an extensive bulk and rack marketing network and through approximately 7,400 outlets that carry our brand names. The Company also owns ethanol plants in the central plains region of the U.S. that primarily produce ethanol. Valero Energy was founded in 1980 and is based in San Antonio, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 8 |
| Sector (Oil/Gas Exploration) | 1 of 7 |
| Type (Divestiture) | 1 of 8 |
| Country (United States) | 1 of 8 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-04-25 |
Premcor
Old Greenwich, Connecticut, United States Premcor, Inc., a independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the United States. Premcor owns and operates refineries in Port Arthur, Texas, Lima, Ohio, Memphis, Tennessee and Delaware City, Delaware with a combined crude oil throughput capacity of approximately 790,000 barrels per day. |
Buy | $8.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-07 |
Valero Energy - Krotz Springs
Dallas,, Texas, United States Valero Energy - Krotz Springs, a high conversion crude oil refinery in Krotz Springs. |
Sell | $476M |
