Valero Serves Aggressive East Coast Expansion with Latest Refinery Acquisition

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Background
Valero built a com­pa­ny w/ 1 refin­ery in 1997 into a 15-refin­ery behe­moth
Lim­it­ed indus­try-wide capac­i­ty and strong demand for gaso­line and oth­er refined prod­ucts pushed prof­its up
Valero returned 380% to share­hold­ers com­pared w/ 11% loss for Stan­dard & Poor