Oil Refinery Valero to Acquire Premcor San Antonio, Texas-based Valero Energy plans to acquire competitor Premcor of Greenwich, Conn., in a deal valued at nearly $7 billion. If the merger goes through, Valero will become the largest refiner of crude oil in North America.

Oil Refinery Valero to Acquire Premcor

Oil Refinery Valero to Acquire Premcor

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San Antonio, Texas-based Valero Energy plans to acquire competitor Premcor of Greenwich, Conn., in a deal valued at nearly $7 billion. If the merger goes through, Valero will become the largest refiner of crude oil in North America.