Company

Valero Energy To Acquire LyondellBasell's Houston Refinery For $320.5M; To Initially Restart 165Kb/d Of Light Sweet Crude Processing Capacity By Year-End 2027

Oct 30, 2026 · 06:28 AM ET· updated 1h ago

Valero Energy Corporation (NYSE:VLO, "Valero"))) announced today that its wholly owned subsidiary, Valero Refining-Texas, L.P., entered into a definitive agreement to acquire all the outstanding equity interests

Why It Matters

Valero is buying a oil refinery from LyondellBasell for about $320 million. This shows Valero believes it can run the refinery well and make money from it.

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