Valero Is a U.S. Company—No Venezuelan Ownership or Partnership

Valero Energy Corporation is a Fortune 500 oil refining and marketing company headquartered in San Antonio, Texas. It is not owned by, nor in partnership with, Venezuela or its state oil company PDVSA. Valero operates 15 refineries in the U.S., Canada, and the U.K., and is one of the world's largest independent refiners. Any crude oil purchases from Venezuela (when sanctions allow) are commercial transactions, not structural ties.