abstract:Premcor (formerly NYSE symbol PCO) was a Fortune 500 oil refinery group based in Greenwich, Connecticut. It operated five refineries, which are located in Port Arthur, Texas; Memphis, Tennessee; Lima, Ohio; Hartford, Illinois; and Delaware City, Delaware with a combined crude oil volume processing capacity of approximately (July, 2007).
Adams is heartened by the fact that Valero gets highly profitable, fully operational assets from Premcor (nyse: PCO - news - people ) for such a good price.