Asked in Fuel Economy and MileageInvesting and Financial MarketsVenezuelaInternational Business and Trade
Fuel Economy and Mileage
Investing and Financial Markets
International Business and Trade
Does Venezuela own Valero?
Asked in Venezuela, Fossil Fuels
Is Valero owned or in partnership with Venezuela?
Valero is absolutely not owned by Venezuela. Valero is the largest U.S. independent refiner and it's based in San Antonio, Texas. The U.S. company that Venezuela owns is called CITGO, which used to be partnered with 7-Eleven stores. According to wikipedia, Valero gets its name from Mision San Antonio de Valero (which is actually better known as The Alamo).
Asked in Definitions
If a store has the Valero Logo on it does it mean that it's a Valero?
Yes, it does...but that would be the short answer. If you're asking if a Valero Logo'ed store is owned by Valero -- then the answer is "maybe." It could be a wholesale distributor or a branded (read:franchised) store. A good indicator is the shop itself. It's a Valero Corner Store, it's most likely owned by Valero Energy Corporation (or a subsidiary of that company).