No business can succeed without a developed organizational structure. This vital asset allows the organization to communicate between the different sections within that organization. The organization structure has many sections, each designated to accomplish a specific work task that required when performing assigned duties, each section contributing to the organization's mission. Without coordination and control of each section, an organization will not survive. The following will illustrate Valero Energy Corporation's organizational structure, and compare and contrast with two of its biggest competitors, Exxon Mobil Corporation and Chevron Corporation.
Valero Energy Corporation founded in 1980 as a corporate successor of LoVaca Gathering Company, based in San Antonio, Texas. Valero engages in refining and marketing of petroleum products. Refining, retail, and ethanol are the company's three main business segments. Valero Energy owns and operates 16 refineries in the United States, Canada, and in the Caribbean islands. Valero also owns 10 ethanol plants in the Midwest. Today this company produces approximately three million barrels of petroleum products per day, emerging as the largest refinery company in North America. Valero Energy with a steady growth, emerged as a small company in a very tough petroleum market, thus becoming a very competitive corporate global company (Company History, 2013).
In 2011, Valero expanded into Western Europe's market by purchasing four major pipelines and 11 fuel terminals, and a network of 1000 Texaco wholesale sites. Valero Energy became the largest branded network dealer in the United Kingdom, and the second largest in Ireland. This move into Western Europe raised the company's retail and branded wholesale sites to 6800, operating under the brand names of Valero, Beacon, Diamond Shamrock, and Ultramar (Company History, 2013). This company ranked sixth of 68 gas and oil refinery, and