Form 8-K · Current report
Valero Energy 8-K, filed Oct 30, 2026
- Filed
- CIK
- 0001035002
- Accession no.
- 0001628280-26-068387
Summary
Valero Energy subsidiary Valero Refining-Texas agreed to acquire LYB Houston Hub Holdings LLC from a LyondellBasell subsidiary for $320.5 million, gaining an approximately 700-acre former petroleum refinery adjacent to Valero's Houston refinery. Valero expects to initially restart 165,000 barrels per day of light sweet crude processing capacity by year-end 2027, with closing expected by the end of 2026 subject to antitrust clearance.
Key points
- Valero Refining-Texas, L.P. agreed to acquire all outstanding equity interests of LYB Houston Hub Holdings LLC for $320.5 million, subject to closing adjustments.
- The approximately 700-acre facility is adjacent to Valero's Houston refinery on the Houston Ship Channel in Texas and operated as a petroleum refinery.
- Closing is subject to customary conditions, including expiration or termination of the Hart-Scott-Rodino waiting period, and is expected by the end of 2026.
- Chairman, CEO and President Lane Riggs said the acquisition is expected to expand Valero's U.S. Gulf Coast footprint and provide a compelling financial return, with later opportunity for high-complexity, heavy sour crude processing.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01Regulation FD Disclosure. On October 30, 2026, Valero Energy Corporation (the “Company”) issued a press release announcing the execution of a definitive agreement with a subsidiary of LyondellBasell Industries N.V. (“LyondellBasell”) to acquire its approximately 700-acre facility adjacent to the Company’s Houston refinery on the Houston Ship Channel in Texas that operated as a petroleum refinery. A copy of the press release is furnished with this report as Exhibit 99.01 and is incorporated by reference into this Item 7.01. The Company also prepared a presentation related to the transaction, which will be posted on its Investor Relations website at investorvalero.com. …
An excerpt of the text as filed with the SEC, cut for length.
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