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Corporate Score 48 Neutral

Valero Optimizes Global Refining Capacity for Q2 Amid Benicia Closure

Apr 30, 2026 22:54 UTC
VLO
Short term

Valero Energy is pushing its global refinery network to near-maximum capacity for the second quarter. The company is balancing the restart of its Port Arthur facility with the permanent cessation of fuel production at its Benicia site.

  • Q2 utilization rates projected between 92% and 95%
  • Combined throughput capacity stands at 3 million barrels per day
  • Port Arthur refinery in Texas successfully restarted
  • Permanent cessation of fuel production at Benicia facility
  • Operational focus spans 13 refineries in the US and UK

Valero Energy (VLO) announced on Thursday that it is operating its fleet of 13 refineries across the United States and the United Kingdom at high utilization rates. The company expects these facilities to run at 92% to 95% of their combined total throughput capacity during the second quarter. This operational push is supported by a total combined capacity of 3 million barrels per day. The high utilization rate follows the successful restart of the company's Port Arthur refinery in Texas, which helps maintain high output levels across its network. In a strategic shift, Valero confirmed the permanent closure of fuel production at its Benicia refinery. This move indicates a reallocation of resources and a change in the company's regional operational footprint. For investors, the high utilization rates suggest strong demand for refined products heading into the peak season. However, the permanent closure of the Benicia facility represents a long-term reduction in specific regional capacity that may impact local supply dynamics.

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