Valero Energy Corporation operates in the Petroleum refining sector. Valero Energy Corporation (Valero), incorporated in 1981, is a North America's independent petroleum refiner and marketer. As of December 31, 2010, it owned 14 petroleum refineries, which were located in the United States, Canada and Aruba. Its refineries can produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending and reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel and oxygenates. It operates in three segments: refining, ethanol and retail. On December 17, 2010, it sold its Paulsboro Refinery to PBF Holding Company LLC. In November 2010, it sold its 50% interest in Cameron Highway Oil Pipeline Company to Genesis Energy, L.P. In our complete report available for purchase the company is compared to: Marathon Oil Corporation, Conocophillips and Chevron Corporation.