QA/QC Lab Technician - Ethanol Plant
About the job
- A high school diploma or GED is required.
- At least one year of experience in a laboratory setting or an associate’s degree or higher in a related scientific or technical field is required.
- Must be able and willing to work on-site and in person.
- A bachelor’s degree or higher in a related scientific or technical field is preferred.
- Experience implementing effective quality assurance and quality control programs is preferred.
- Experience operating and troubleshooting automated laboratory equipment, such as high-performance liquid chromatography or gas chromatography, is preferred.
- Experience with software programs such as Office, laboratory information management systems, Pi, or SAP is preferred.
- Experience with the Food Safety Modernization Act is preferred.
- Successful completion of a background check and hair-analysis drug screen is required.
- Assist in implementing the plant quality assurance and quality control program.
- Implement the plant quality assurance and quality control program using industry best practices, including sampling process points and conducting tests.
- Ensure sample analysis is accurate and provide results in a timely manner.
- Monitor the use and inventory of laboratory chemicals and supplies.
- Operate, maintain, and calibrate laboratory equipment.
- Review reports, analyze data, and recommend process-condition adjustments to ensure quality assurance and quality control standards are met.
- Maintain safety, health, and environmental policies and procedures.
- Ensure compliance with city, county, state, and federal regulations relating to the quality assurance and quality control laboratory.
- Participate in the laboratory safety program.
- Maintain a clean and orderly work environment.
- Assist with coordinating activities with other departments.
- Communicate directly with the production department to support process operators in implementing quality assurance and quality control policies and procedures.
- Implement programs and procedures to ensure laboratory and plant cleanliness.
- Maintain a thorough understanding of the ethanol process.
- Experience implementing effective quality assurance and quality control programs.
- Experience operating and troubleshooting automated laboratory equipment, such as high-performance liquid chromatography or gas chromatography.
- Experience with software programs such as Office, laboratory information management systems, Pi, or SAP.
- Experience with the Food Safety Modernization Act.
The starting rate of pay for this position is $25.00/hour and represents Valero’s good faith and reasonable estimate of the expected compensation at the time of this posting. Hired candidates may also be eligible to receive additional compensation in the form of a discretionary bonus. Actual compensation will be determined based on a number of job-related factors, including but not limited to, the individual’s qualifications and experience.
Benefit offerings for this position include medical and life insurance as well as company matched 401(k).
Valero is the best-in-class producer of essential fuels and products that are foundational to modern life. We invite you to join our ~10,000 employees to drive exceptional results for our company, the energy industry and our community.
As a Part-Time QA/QC Lab Technician you will implement the quality assurance (QA/QC) program for the ethanol plant to ensure maximum production quantity and quality, while supporting the policies, goals, and objectives of the company.
At Valero, this role performs duties that support our commitment to advancing the future of energy through innovation, ingenuity, and unmatched execution, including\:
- Assist in implementing plant QA/QC program.
- Implement plant QA/QC program based on best practice in the ethanol industry by sampling various points in the process and conducting QA/QC tests.
- Ensure accuracy of analysis of samples and provide results in a timely manner.
- Monitor use and inventory of laboratory chemicals and supplies.
- Operate, maintain, and calibrate laboratory equipment.
- Review reports, analyze data and make recommendations for adjusting process conditions to ensure that QA/QC standards are met.
- Maintain safety, health and environmental policies and procedures.
- Ensure city, county, state, and federal regulations relating to the QA/QC laboratory are met at all times.
- Participate in the safety program for the QA/QC laboratory.
- Maintain a clean and orderly work environment.
- Demonstrate teamwork and take initiative in daily work.
- Assist coordinating activities with other departments.
- Communicate directly with production department to ensure effective participation by the process operators in the implementation of QA/QC policies and procedures.
- Implement programs and procedures required to ensure laboratory and plant cleanliness.
- Demonstrate a thorough understanding of the ethanol process.
The starting rate of pay for this position is $25.00/hour and represents Valero’s good faith and reasonable estimate of the expected compensation at the time of this posting. Hired candidates may also be eligible to receive additional compensation in the form of a discretionary bonus. Actual compensation will be determined based on a number of job-related factors, including but not limited to, the individual’s qualifications and experience.
Benefit offerings for this position include medical and life insurance as well as company matched 401(k).
Valero is the best-in-class producer of essential fuels and products that are foundational to modern life. We invite you to join our ~10,000 employees to drive exceptional results for our company, the energy industry and our community.
As a Part-Time QA/QC Lab Technician you will implement the quality assurance (QA/QC) program for the ethanol plant to ensure maximum production quantity and quality, while supporting the policies, goals, and objectives of the company.
At Valero, this role performs duties that support our commitment to advancing the future of energy through innovation, ingenuity, and unmatched execution, including\:
- Assist in implementing plant QA/QC program.
- Implement plant QA/QC program based on best practice in the ethanol industry by sampling various points in the process and conducting QA/QC tests.
- Ensure accuracy of analysis of samples and provide results in a timely manner.
- Monitor use and inventory of laboratory chemicals and supplies.
- Operate, maintain, and calibrate laboratory equipment.
- Review reports, analyze data and make recommendations for adjusting process conditions to ensure that QA/QC standards are met.
- Maintain safety, health and environmental policies and procedures.
- Ensure city, county, state, and federal regulations relating to the QA/QC laboratory are met at all times.
- Participate in the safety program for the QA/QC laboratory.
- Maintain a clean and orderly work environment.
- Demonstrate teamwork and take initiative in daily work.
- Assist coordinating activities with other departments.
- Communicate directly with production department to ensure effective participation by the process operators in the implementation of QA/QC policies and procedures.
- Implement programs and procedures required to ensure laboratory and plant cleanliness.
- Demonstrate a thorough understanding of the ethanol process.
Minimum Requirements\:
- High school diploma or GED required.
- Minimum one year of experience in a laboratory setting or an Associate’s degree (or higher) in a related scientific or technical field required.
- Able and willing to work on-site and in-person, required.
Preferred Requirements\:
- Bachelor’s (or higher level) degree in a related scientific or technical field preferred.
- Experience with implementing effective QA/QC programs preferred.
- Experience operating and troubleshooting automated laboratory equipment (such as HPLC or GC) preferred.
- Experience with software programs such as Office, LIMS, Pi or SAP preferred.
- Experience with Food Safety Modernization Act (FSMA) preferred.
Need more reasons to work for a company that is both professionally challenging and culturally rewarding? Take a look at some of our best-in-class benefits\:
- Competitive Pay and Annual Bonus Program
- 100% match on 401(K) up to 7%, plus additional discretionary 3% annual company contribution
- Comprehensive Healthcare and Wellness Programs
Benefits described above are highlights only, subject to an employee’s eligibility and work location.
Discover more about Welcome and how we're making a difference there.
Valero's employees and team-focused culture drive our success. We’re invested in our dedicated workforce through a comprehensive, customizable benefits package, while supporting a caring culture that delivers a rewarding work environment built on teamwork, excellence and career growth. To explore the ways we build a stronger team, visit Valero.com/Careers.
Valero is an EEO Employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to legally protected status, including race, color, religion, sex, national origin, age, disability, protected veteran or any other status protected by applicable federal, state or local laws.
Please be advised, if you are viewing this position on a website that lists an estimated salary rate/range, it was not provided by Valero. Valero’s market specific salary rate/range will be provided during the recruiting process and tends to be higher than what is estimated by such websites.
The posting may close earlier than the advertised date based on applications received.
Note\: Valero’s pre-employment process includes successful completion of a background check and hair-analysis drug screen.
Minimum Requirements\:
- High school diploma or GED required.
- Minimum one year of experience in a laboratory setting or an Associate’s degree (or higher) in a related scientific or technical field required.
- Able and willing to work on-site and in-person, required.
Preferred Requirements\:
- Bachelor’s (or higher level) degree in a related scientific or technical field preferred.
- Experience with implementing effective QA/QC programs preferred.
- Experience operating and troubleshooting automated laboratory equipment (such as HPLC or GC) preferred.
- Experience with software programs such as Office, LIMS, Pi or SAP preferred.
- Experience with Food Safety Modernization Act (FSMA) preferred.
Need more reasons to work for a company that is both professionally challenging and culturally rewarding? Take a look at some of our best-in-class benefits\:
- Competitive Pay and Annual Bonus Program
- 100% match on 401(K) up to 7%, plus additional discretionary 3% annual company contribution
- Comprehensive Healthcare and Wellness Programs
Benefits described above are highlights only, subject to an employee’s eligibility and work location.
Discover more about Welcome and how we're making a difference there.
Valero's employees and team-focused culture drive our success. We’re invested in our dedicated workforce through a comprehensive, customizable benefits package, while supporting a caring culture that delivers a rewarding work environment built on teamwork, excellence and career growth. To explore the ways we build a stronger team, visit Valero.com/Careers.
Valero is an EEO Employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to legally protected status, including race, color, religion, sex, national origin, age, disability, protected veteran or any other status protected by applicable federal, state or local laws.
Please be advised, if you are viewing this position on a website that lists an estimated salary rate/range, it was not provided by Valero. Valero’s market specific salary rate/range will be provided during the recruiting process and tends to be higher than what is estimated by such websites.
The posting may close earlier than the advertised date based on applications received.
Note\: Valero’s pre-employment process includes successful completion of a background check and hair-analysis drug screen.
About the company
Valero Energy refines crude oil into gasoline, diesel, jet fuel and asphalt, selling to wholesale buyers, airlines and branded fuel stations in North America and Europe. Unlike oil majors, it does not drill for oil; it buys crude and runs complex refineries along the U.S. Gulf Coast and Mid-Continent, in Quebec and in Wales. Through Diamond Green Diesel, a joint venture with Darling Ingredients, it turns waste fats and oils into renewable diesel and sustainable aviation fuel, and it also runs corn ethanol plants in the Midwest. Valero earns money on the gap between crude costs and fuel prices, and sells under the Valero, Diamond Shamrock, Ultramar and Texaco brands. The company was founded in 1980 and is based in San Antonio, Texas.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Antonio, Texas
Founded
1980
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Simplify's Take
What believers are saying
- Ethanol adds a second engine: 12 Midwest plants make Valero the world's second-largest corn ethanol producer.
- Profits surged: net income hit $3.7 billion in the quarter ending June 2026, versus $714 million a year earlier.
- Renewables recovered: Diamond Green Diesel earned $717 million in the June 2026 quarter after losing $79 million a year earlier.
What critics are saying
- Valero is shrinking in California: closing its Benicia refinery cut 237 jobs between March and July 2026.
- Plant work carries hazards: a March 23, 2026 explosion at its Port Arthur refinery in Texas forced a shutdown.
- Earnings ride fuel margins alone: Valero has no pipeline or chemicals segment to steady results, unlike Phillips 66.
What makes Valero unique
- Its green fuel comes from waste: Diamond Green Diesel, co-owned with renderer Darling Ingredients, refines animal fats and used oils.
- Valero refines beyond the U.S.: it runs plants in Wales and Quebec and sells Texaco-branded fuel in Britain and Ireland.
- Valero sells straight into Mexico: long-term contracts give it import terminals at Veracruz and Altamira feeding inland depots by rail.
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Company News
Valero made $6.8B in the last 3 months. High gas and diesel prices are connected to strong returns. Gas and diesel shortages have led to spiking costs at the pump, but they also helped Valero generate more net income in the past three months than the company made in 2024 and 2025 combined. The San Antonio-based oil refiner made $46 billion in profits and $6.8 billion after expenses and taxes between July and September of 2026, one of its best quarters ever. That was driven in large part by soaring income in Valero's refining sector. A global shortage in refining capacity means Valero can make more from the oil it refines. "The refining segment reported operating income of $8.8 billion for the third quarter of 2026, compared to $1.6 billion for the third quarter of 2025," Chief Financial Officer Homer Bhullar told investors on an earnings call Thursday morning. Valero also reported growth in its ethanol and renewable diesel sectors, which had $272 million and $353 million in net-income in the third quarter, respectively. In the third quarter of 2025, Valero made $183 million from its ethanol production and actually lost money, around $28 million, from its renewable diesel operations. Conflicts between Iran and U.S. and Israel led to blockades in the Strait of Hormuz over the past year that had prevented oil and gas from leaving the Middle East, increasing prices for consumers and leaving companies like Valero with less competition. Randy Hawkins, Valero's vice president of crude and feedstocks supply and trading, said that oil supplies were beginning to flow out of the Strait of Hormuz in larger quantities over the last few weeks. But freight and shipping costs were keeping oil prices high, even with that increased supply. "As the flow through the Straits increase, the inefficient process of the ship-to-ship transferring that they're doing for crude oil in the Gulf of Oman is really tying up global shipping and requiring more tankers to move the same amount of oil," Hawkins said. "This is in addition to you know insurance risk premiums, transshipment delays, higher bunker costs. They're all kind of driving freight higher." Hawkins added that Gulf Coast refiners are positioned to weather that storm, with close access to oil produced in the United States and in Latin America. The U.S. ouster of former president Nicolás Maduro in Venezuela opened oil supplies there to U.S. companies like Valero. Valero's stock has skyrocketed this year, and the company has returned profits of more than $40 per share to its investors as it benefits from multiple foreign policy decisions from President Donald Trump's administration. Local economic experts noted the role of global conflict in Valero's profits. Damaged refineries have created global shortages, particularly for diesel. "The world isn't short of oil. It's short of the ability to make gas from crude oil," said David Macpherson, chair of Trinity University's Economics Department. "War has affected refining capacity elsewhere." Taylor Collins, an associate professor of economics at the University of the Incarnate Word, said Valero actually processed less oil than it did at the same time last year, but its revenue per barrel nearly tripled. "Pump prices are being driven less by crude than by a shortage of refined fuel, especially diesel," Collins said. "War-damaged Gulf refineries are still exporting less fuel than before the war, Ukrainian drone strikes have cut Russian output and the International Energy Agency estimates global diesel supply was 1.7 million barrels a day lower in the third quarter than a year earlier." Collins added that the U.S. Energy Information Administration projects diesel prices to remain elevated at $6 a gallon this month and at an average of $4.50 a gallon in 2027. That will maintain Valero's strong margins, he added. On Thursday, Valero leaders told investors that demand has remained strong for their products, despite widespread concern about gas prices. Valero's Chief Operating Officer Gary Simmons said he was surprised that consumers hadn't changed their demand for gas and diesel. "In terms of a price level where you would expect some kind of demand destruction, I don't really know where that is, because most people would have predicted we would have already seen it," Simmons said. Preparing for the future. The good times will not keep rolling, Macpherson said. "There's a real cyclicality in those margins. Just because they're high now, doesn't mean it will be high forever," he said during the call. When offline or damaged refineries in the Middle East and Russia are repaired, Valero will have more competition. Demand for oil decreases when the economy slows down or contracts, Macpherson added. Valero is saving some of its surplus cash for changes in oil and gas commodity prices, according to Bhullar, the company's CFO. "When you have a rapid pullback in commodity prices, it's generally accompanied by a draw on working capital and a draw on cash," Bhullar said. "We wanted to make sure that we're not constrained on our ability to return cash to shareholders." Bhullar added that Valero is maintaining its scheduled investments into its refinery infrastructure. In the third quarter, Valero completed updates to its St. Charles, Louisiana, facilities on schedule. Repairs to its Port Arthur refinery are scheduled to be completed by the end of this year. Texas and the Gulf Coast continue to be the center of the company's refining operations. Bhullar projected Valero to produce between 1.8 million and 1.9 million barrels per day in that region, while producing no more than 500,000 barrels per day in each of its other regions. Collins anticipated that Valero would continue investing in other Texas facilities in the near future. He also anticipated that Valero's profits would mostly find their way to the company's shareholders and owners, including investors like Vanguard and BlackRock. "History suggests the windfall won't add many local jobs: after a then-record $11.5 billion profit in 2022, Valero's workforce held at about 9,800 through 2025, while it spent more than $9 billion buying back stock in 2022 and 2023," Collins said. He added that the robust profits would help job security at the company's San Antonio headquarters.
Valero (VLO) posts $8.8 billion refining income and cash flow. What happened. Valero Energy Corporation (NYSE VLO) reported third-quarter 2026 net income attributable to stockholders of $6.8 billion, or $23.89 per share. Adjusted net income was $6.8 billion, or $23.90 per share, compared with $1.1 billion, or $3.66 per share, in the third quarter of 2025. Refining segment operating income was $8.8 billion, compared with $1.6 billion in the third quarter of 2025. The company said the St. Charles FCC Unit optimization project was completed during the quarter, on schedule and within budget. Valero also repaid $100 million of 7.65% Debentures and $426 million of 3.400% Senior Notes that matured in July and September. Capital investments totaled $432 million, including $371 million for sustaining the business. Key numbers. | Metric | Latest | Change | Source | | Refining segment operating income | $8.8 billion | from $1.6 billion, +$7.2 billion | SEC 8-K | | Adjusted operating income | $8.8 billion | from $1.7 billion, +$7.1 billion | SEC 8-K | | Net income attributable to Valero stockholders | $6.83 billion | from $1.10 billion, +$5.73 billion | SEC 8-K | | Earnings per common share | $23.90 | from $3.54, +$20.36 | SEC 8-K | | Net cash provided by operating activities | $6.93 billion | from $1.88 billion, +$5.05 billion | SEC 8-K | Why it matters. OptimistFi's case is that Valero converts scale, integrated refining assets and a strong balance sheet into cash in cycles. This filing strengthens that view with a sharp rebound in refining earnings and strong cash generation. Refining segment operating income rose by $7.2 billion from the third quarter of 2025, and adjusted operating income matched the reported figure at $8.8 billion. Renewable Diesel operating income was $353 million after a $28 million loss a year earlier, and Ethanol operating income rose to $272 million from $183 million. Net cash provided by operating activities was $6.9 billion, while adjusted operating cash flow was $7.3 billion, against $432 million of capital investments. Valero ended the quarter with $9.8 billion of cash and cash equivalents and $8.6 billion of total debt. The main caveat is that operating cash flow included a $526 million unfavorable impact from working capital, so part of the cash figure reflects timing effects. What's next. Valero's senior management will hold a conference call at 10 a.m. ET today to discuss the earnings release and provide an update on operations and strategy. Confirmation that the St. Charles FCC Unit optimization project is working as planned would support the case, while a weaker cash flow update would temper it. From optimistfi perps. Sources. * SEC 8-K - Third quarter 2026 earnings release and tables * SEC filing Browse every company OptimistFi covers at optimistfi.com/stocks, or read the latest evidence-first research. The full Valero Energy Corporation investment case, its status and the next test to watch live on the Valero Energy Corporation thesis page. Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
Raymond James raises target to USD 100 for Delek US Holdings stock. Published on 10/20/2026 at 22:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS Second-quarter revenue reached USD 4.09 billion, up 47.90 percent. Delek US Holdings stock costs EUR 69.01 on October 20, 2026 at 10:07 p.m. CEST. Raymond James raises target. * Raymond James raised its Delek US target from USD 90.00 to USD 100.00 on October 19, 2026. * Second-quarter revenue reached USD 4.09 billion, up 47.90 percent year over year. * Delek US Holdings stock costs EUR 69.01 at Lang & Schwarz on October 20, 2026 at 10:07 p.m. CEST. Raymond James raised its Delek US price target to USD 100.00 from USD 90.00 and kept an Outperform rating on October 19, 2026, according to Markets Insider. The stock was trading at EUR 69.01 at Lang & Schwarz on October 20, 2026 at 10:07 p.m. CEST. Discover more Plan Finances Invest in Stocks Revenue reached USD 4.09 billion. Delek US reported USD 4.09 billion in second-quarter 2026 revenue, up 47.90 percent from USD 2.76 billion in the prior-year quarter. Net income attributable to common shareholders reached USD 169.5 million, compared with a GAAP net loss of USD 106.4 million a year earlier, according to Markets Insider. The investor-relations page describes Delek US as a downstream energy company with refining, logistics and renewable-fuels operations. Its refining system has stated crude throughput capacity of 302,000 barrels per day, according to Delek US Holdings. Stock sits below its yearly high. On the NYSE, DK was last at USD 77.64 on October 20, 2026 at 3:59 p.m. ET. The quote was 5.63 percent below the USD 82.27 52-week high and above the USD 25.85 low; trading volume was 1,285,397 shares. Delek US had a market capitalization of USD 4.8 billion and a price-to-earnings ratio of 21.81. Valuation and November date. Raymond James' USD 100.00 target stands 28.80 percent above the NYSE price of USD 77.64, using the same October 20, 2026 trading snapshot. A separate update from Markets Insider said Goldman Sachs raised its target to USD 97.00 from USD 83.00 on October 15, 2026. Delek US is scheduled to host its third-quarter 2026 conference call on November 6, 2026, according to the Financial Times. Comparison with peers. Delek US: up 3.41 percent, price-to-earnings ratio 21.81, market capitalization USD 4.8 billion. Valero Energy Corporation (NYSE, USD): up 0.10 percent, price-to-earnings ratio 17.99, market capitalization USD 124.9 billion. Marathon Petroleum Corporation (NYSE, USD): up 0.27 percent, price-to-earnings ratio 16.35, market capitalization USD 133.4 billion. What the target means. The target revisions place valuation and refining execution beside the sharp second-quarter improvement. The November 6 reporting date is the next scheduled point at which investors can compare operating results with the updated analyst view. Discover more Track Stock Market Explore Exchanges Stock remains below its high. Delek US Holdings combines a stronger second-quarter earnings base with a stock price below its 52-week high. The next company report will provide a fresh operating comparison. The further course of trading is shown by the continuously updated real-time quote of Delek US Holdings stock. Delek US Holdings at a glance. * Company: Delek US Holdings, Inc. * ISIN: US24665A1034 * Ticker: DK * Primary exchange: NYSE * Price Lang & Schwarz (as of October 20, 2026, 10:07 p.m. CEST): EUR 69.01 * Market capitalization: USD 4.8 billion (as of October 20, 2026) * Sector / Industry: Energy / Oil and Gas Refining and Marketing Sponsored Ad Delek US stock: new analysis - 24 October. Fresh Delek US information released. What's the impact for investors? Our latest independent report examines recent figures and market trends. Disclaimer regarding our articles: This is not investment advice, nor is it a recommendation to buy or sell. Information regarding prices, companies, and markets is provided without guarantee; changes may occur at any time. Stock market transactions can result in significant losses. Our articles are created and reviewed, in whole or in part, automatically with the assistance of AI. en | US24665A1034 | DK | boerse | 70378464 | bgmi
325.5 billion dollars in 2026... profits of American refining companies * Refined products offset crude costs * $243 billion in profits for 8 companies in 2025 * Oil refinery output highest in 5 years October 2, 2026 12:19 pm | Last updated: October 2, 2026 13:09 Reading time - 2 minutes Independent American refineries are expected to generate $325.5 billion in revenue in 2026, driven by record margins, supply disruptions, and increased production and exports amid calls for government intervention. The Financial Times said that revenues of the eight independent American refining companies are expected to reach $325.5 billion during the current year, compared with $242.9 billion the previous year, based on the companies' second-quarter results and Wall Street's third-quarter forecasts. This jump comes as the rise in crude oil costs is offset - more than expected - by strong prices for refined products, pushing refining margins to record levels. Arne Schiaveland, an analyst at Rystad Energy, points out that fuel supply disruptions caused by conflicts in the Middle East and Russia are radically changing financial performance, with profit margins approaching levels not seen by markets except during the 2022 energy crisis. The three largest independent oil refining companies - Valero, Marathon Petroleum, and Phillips 66 - are expected to achieve net profits of $8.7 billion, $10.9 billion, and $7.9 billion, respectively, during the six months ending in September. All eight refining companies are also expected to maintain their profitability in the third quarter, as they raise production rates to record levels to meet the global shortage in diesel and other fuel supplies. U.S. refinery output reached its highest level in five years, recording 17.4 million barrels per day in August, as facilities operated at more than 95% of their production capacity for 15 consecutive weeks - the longest such period since 1998 - according to Rystad Energy data. Exports of diesel, gasoline, jet fuel, and naphtha rose to 2.8 million barrels per day, compared with 2.3 million barrels the previous year, as buyers in Europe and Latin America sought alternatives to limited supplies coming from the Middle East and Russia. Integrated oil companies are also benefiting from this situation; Chevron announced its highest quarterly profit in its history during the three months ending in June, while Exxon Mobil recorded its strongest quarterly profit since 2022. This profit boom has escalated calls for intervention in Washington, including calls to impose a ban on diesel exports or impose a windfall profits tax on oil companies. Democrats are pushing toward passing the Big Oil Windfall Profits Tax Act, while some Republican lawmakers from agricultural states support imposing restrictions on exports, hoping to lower fuel costs for farmers. The Trump administration is studying options for dealing with the sharp rise in diesel and gasoline prices ahead of the midterm elections scheduled for November, but it has so far resisted the idea of imposing an export ban. Energy analysts warn that such a move could push refining companies to reduce production and raise prices for other types of fuel, while the American Petroleum Institute stresses that refineries are already operating near maximum capacity, and that current price levels reflect a severe disruption in global supplies, not deliberate behavior by companies. The war and the expansion of sanctions imposed on Iran have increased concerns about supply disruptions, pushing Brent crude and West Texas Intermediate prices sharply higher.
Par Pacific appoints Jerry Stumbo Executive Vice President, Refining and Logistics. Richard Creamer to retire in April 2027; will serve as Senior Advisor through the transition. HOUSTON, Sept. 28, 2026 (GLOBE NEWSWIRE) - Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR) ("Par Pacific" or the "Company") today announced that Jerry Stumbo has joined the Company as Executive Vice President, Refining and Logistics, effective September 28, 2026. Stumbo succeeds Richard Creamer, who will serve as Senior Advisor until his planned retirement on April 1, 2027. "Richard has been instrumental in building the refining and logistics organization we have today," said William Monteleone, President and Chief Executive Officer of Par Pacific. "His deep refining expertise, thoughtful and direct leadership, and commitment to our employees shaped our culture and drove the performance and growth of our refining system, including the acquisition and integration of Par Montana. We are fortunate to have his counsel through the transition, and we are grateful for his contributions to Par Pacific and our success." Monteleone continued, "Jerry is a proven refining leader with nearly three decades of operating experience and a record of improving safety, reliability, environmental performance, and financial results. He is a visible, field-oriented leader who builds trust and accountability, which is exactly what this next chapter requires. We have a strong platform and real opportunity to continue to improve our reliability, efficiency, and commercial execution, and Jerry is the right leader to help us capture it." Stumbo joins Par Pacific from Valero Energy, where he most recently served as Vice President and General Manager of the Port Arthur, Texas Refinery. He led Valero's largest refinery and one of North America's most complex refining facilities, with approximately 435,000 barrels per day of throughput capacity and 850 employees. Stumbo previously led Valero's St. Charles, Louisiana Refinery for seven years. During his tenure, the refinery earned Valero's Chairman's Safety Award four times. He also led the organization through Hurricane Ida and the COVID-19 pandemic and completed major capital investments, including the expansion of the Diamond Green Diesel renewable fuels facility. Earlier in his career, Stumbo held operations leadership roles at Valero's Benicia, California Refinery and the Phillips 66 Santa Maria, California Refinery, following engineering and operations roles with ConocoPhillips at its San Francisco, California Refinery and Ponca City, Oklahoma Technology Center. Stumbo holds bachelor's degrees in chemical engineering and psychology from Oklahoma State University. "Par Pacific operates in markets where execution matters, and this team has built a differentiated refining and logistics system," said Stumbo. "I have spent my career in the field, alongside the people who run these assets safely and reliably every day. Richard and his team have built something strong here, and I am looking forward to building on the team's success." About Par Pacific Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage and marine, rail, rack, and pipeline assets. In addition, Par Pacific operates the Hele retail brand in Hawaii and the "nomnom" convenience store chain in the Pacific Northwest. More information is available at www.parpacific.com. Forward-Looking Statements This news release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, without limitation, statements about the leadership transition described in this news release. Forward-looking statements are subject to certain risks, trends and uncertainties, such as the risks and uncertainties detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents that the Company files with the Securities and Exchange Commission. The Company cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should any of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this news release. Except as required by applicable law, the Company does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events or otherwise. Investor Contact Ashimi Patel Vitter VP, Investor Relations & Sustainability (832) 916-3355 [email protected]