Customers include Chevron , ConocoPhillips , Suncor Energy , Kinder Morgan Energy , Valero Energy and Sunoco .
How long can Valero and its larger rivals ExxonMobil and ConocoPhillips surf this wave?
And Valero management says it has every intention of paying down the borrowings in 2006.
"I'm not surprised that we are where we are, " says Valero Chairman William Greehey.
Initial food supplies would come through the distribution chain that stocked Valero gas stations.
Valero's Houston and Texas City refineries were shut down for the storm as well.
The 60 mobile homes Valero sent to help the recovery effort have been dubbed Valeroville.
It has lined up some blue chip partners, including Dow, Valero and the engineering firm Linde.
Valero owns 10 ethanol plants in the U.S. Midwest with capacity of 1.1 billion gallons.
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The cargo was insured and Valero has plenty of time to find backup crude.
That freaked bondholders, who dumped Valero (nyse: VLO - news - people ) bonds.
"We never envisioned a multiple-refinery emergency response, " said Richard Marcogliese , Valero's senior vice president of refining.
Another damage report: Managers had discovered another possible oil spill at Valero's Natchez Station terminal in Louisiana.
The only ones that will struggle, perhaps, are those that deal with refining like Valero and Tesero.
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Greehey, 67, has run Valero since the 1970s, when it was little more than a troubled pipeline operator.
Valero Energy , a refiner that processes lower quality crude oil into products like gasoline and jet fuel.
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The report also cited the strong quarterly dividend history at Valero Energy Corp.
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In the next room, phone operators sitting at computer terminals took calls from employees to Valero's emergency hot line.
Returning Valero staff would be violating direct evacuation orders from Texas Gov. Rick Perry and Houston Mayor Bill White.
And they'll keep doing that until Valero is back up and running 100%.
Valero Energy Corp. shares are currently trading down about 1.1% on the day.
"There are too many permits because of the recession, " said Isaac Valero, spokesman for EU Climate Commissioner Connie Hedegaard.
In 2009 you could inventory at par bonds like Valero, Altria, Lubrizol and Rio Tinto, all carrying 9 percent coupons.
Every day Valero turns 2 million bbl. of crude oil into 40 million gallons of gasoline--10% of the nation's supply.
The nation's biggest refiner, Valero, for example, made less gasoline in the first quarter than it did a year ago.
Incredibly, the video was of Valero's (nyse: VLI - news - people ) 250, 000-barrels-a-day Port Arthur refinery.
In the wake of the less merciful Katrina, Valero sent doctors to its New Orleans plant to help the injured.
In 1997 he launched Valero on a spending spree, eventually grabbing 14 refineries for a slim fraction of their replacement value.
More recently the 30-year-old finished 45th at the Valero Texas Open in May, having ended the Players Championship in 47th place.
Valero and defensive stalwart Gonzalo Rodriguez were once highly rated, but both came from Villarreal, which was relegated from Spain's Liga.
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