Does Valero Energy have any subsidiaries?

Yes, Valero Energy Corporation has subsidiaries. As one of the largest independent petroleum refining and marketing companies in the world, Valero operates through numerous subsidiaries across different sectors. Its subsidiaries include Valero Energy Partners LP, a publicly traded master limited partnership that owns, operates, develops, and acquires crude oil and refined petroleum product pipelines, terminals, and other transportation and logistics assets. Valero also has subsidiaries involved in ethanol production, such as Valero Renewable Fuels Company LLC. Additionally, Valero owns and operates several refineries under various subsidiary names, including Valero Refining Company and Valero Marketing and Supply Company. These subsidiaries allow Valero to efficiently manage and expand its operations while maintaining its position as a leading energy company.