VALERO ENERGY CORP/TX
Customers
1
1 federal agency
Suppliers
5
2 disclosed
Top supplier share
22%
of NuStar Energy L.P. revenue · FY to 2023-12-31
Top supplier by $
$178.0M
TALO · FY to 2025-12-31
Federal obligations
$525.8M
FY2026 · USAspending.gov
Latest period
Dec 31, 2025
10-K filed 2026-02-25
Suppliers 5
Companies that disclose VLO as a major customer, as a share of their own revenue. 2 active, 3 lapsed.
| Company | % of their revenue | Est. $ from VLO | Period | Trend | Status | Source |
|---|---|---|---|---|---|---|
| Callon Petroleum Co Callon Petroleum Co |
23% | $237.6M | FY 2020-12-31 | Lapsed Last seen 2020-12-31 |
10-K 2021-02-25 | |
For the year ended December 31, 2020, two purchasers accounted for more than 10% of our revenue: Shell Trading Company (31%) and Valero Energy (23%). | ||||||
| NuStar Energy L.P. NuStar Energy L.P. |
22% | — | FY 2023-12-31 | +4.0pp | Active | 10-K 2024-02-22 |
For the years ended December 31, 2023, 2022 and 2021, Valero Energy Corporation accounted for approximately 22%, or $360.4 million, 18%, or $307.3 million, and 19%, or $308.5 million, of our revenues, respectively. For the years ended December 31, 2022, 2021 and 2020, Valero Energy Corporation accounted for approximately 18%, or $307.3 million, 19%, or $308.5 million, and 20%, or $295.1 million, of our revenues, respectively. For the years ended December 31, 2021, 2020 and 2019, Valero Energy Corporation accounted for approximately 19%, or $308.5 million, 20%, or $295.1 million, and 21%, or $307.2 million, of our revenues, respectively. | ||||||
| EXE EXPAND ENERGY Corp |
17% | $1.5B | FY 2023-12-31 | +7.0pp | Lapsed Last seen 2023-12-31 |
10-K 2024-02-21 |
For the 2023 Successor Period, sales to Valero Energy Corporation and Shell Energy North America accounted for approximately 17% and 10%, respectively, of total revenues (before the effects of hedging). For the 2021 Successor Period, sales to Valero Energy Corporation and Energy Transfer Crude Marketing accounted for approximately 14% and 11%, respectively, of total revenues (before the effects of hedging). For the 2021 Predecessor Period and 2020 Predecessor Period, sales to Valero Energy Corporation accounted for approximately 19% and 17%, respectively, of total revenues (before the effects of hedging). For the 2021 Successor Period, sales to Valero Energy Corporation and Energy Transfer Crude Marketing accounted for approximately 14% and 11%, respectively, of total revenues (before the effects of hedging). | ||||||
| Chaparral Energy, Inc. Chaparral Energy, Inc. |
13.3% | — | FY 2017-12-31 | ±0.0pp | Lapsed Last seen 2017-12-31 |
10-K 2019-03-14 |
Valero Energy Corporation * 13.3 % 15.6 % Valero Energy Corporation * * 13.3 % Valero Energy Corporation 13.3 % 15.6 % 20.7 % Valero Energy Corporation 15.6 % 20.7 % 23.7 % Valero Energy Corporation 20.7 % 23.7 % 20.1 % | ||||||
| TALO TALOS ENERGY INC. |
10% | $178.0M | FY 2025-12-31 | ±0.0pp | Active | 10-K 2026-02-25 |
The percent of consolidated revenue of major customers, those whose total represented 10% or more of the Company’s oil, natural gas and NGL revenues, was as follows: Year Ended December 31, 2025 2024 2023 Shell Trading (US) Company 35 % 48 % 54 % Exxon Mobil Corporation 23 % 17 % ** Valero Energy Corporation ** ** 21 % Chevron Corporation 12 % ** ** ** Less than 10%The loss of a major customer could have material adverse effect on the Company in the short term. The percent of consolidated revenue of major customers, those whose total represented 10% or more of the Company’s oil, natural gas and NGL revenues, was as follows: Year Ended December 31, 2024 2023 2022 Shell Trading (US) Company 48 % 54 % 44 % Exxon Mobil Corporation 17 % ** ** Valero Energy Corporation ** 21 % 23 % Chevron Products Company ** ** 11 % ** Less than 10%The loss of a major customer could have material adverse effect on the Company in the short term. The percent of consolidated revenue of major customers, those whose total represented 10% or more of the Company’s oil, natural gas and NGL revenues, was as follows: Year Ended December 31, 2023 2022 2021 Shell Trading (US) Company 54 % 44 % 45 % Valero Energy Corporation 21 % 23 % ** Chevron Products Company ** 11 % 29 % ** Less than 10%The loss of a major customer could have material adverse effect on the Company in the short term. For the year ended December 31, 2022, 44%, 23% and 11% of our oil, natural gas and NGL revenues were attributable to Shell Trading (US) Company, Valero Energy Corporation and Chevron Products Company, respectively, which are the customers that individually represented 10% or more of our oil, natural gas and NGL revenues. | ||||||
Federal contracts 1
Agencies that awarded contracts to this company, from USAspending.gov. Dollars are obligated amounts as reported, not estimates; $525.8M in the latest fiscal year shown per agency.
| Agency | Obligated | Fiscal year | Awards | Trend | Largest award |
|---|---|---|---|---|---|
| Department of Defense
Defense Logistics Agency |
$525.8M | FY 2026 | 113 | $1.2B → $1.1B → $1.2B → $525.8M | SPE60226FC68A |
8512014033!DISTILLATE,NAVAL | |||||
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