Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which can produce 1.2 billion gallons per year of renewable diesel.

With total capacity of approximately 2.9 million barrels per day, Valero is the world's largest independent petroleum refiner and marketer. The company has 15 refineries and 11 ethanol plants in the U.S., Canada, the U.K., and the Caribbean, and its refineries can process heavy, low-quality crude oil. The company is a component of the S&P 500 and employs approximately 10,300 people.

The major indices are mixed but trending lower at midday on Monday. Bond yields continue to move up after the higher-than-expected inflation numbers from last week. Oil remains above the $100 level, the yield on the 10-year note is at 4.60%, and the VIX volatility index is creeping higher at 19 -- but is still below the historical average of 20.

Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which can produce 1.2 billion gallons per year of renewable diesel.