The company said its wholly owned subsidiary Valero Refining-Texas, L.P. entered into a definitive agreement on October 29, 2026 to acquire all outstanding equity interests in LYB Houston Hub Holdings LLC from a LyondellBasell subsidiary, for a purchase price of $320.5 million, subject to closing adjustments.

8-KRegulation FD DisclosureFiled Oct 30, 2026Period of report Oct 29, 2026Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said its wholly owned subsidiary Valero Refining-Texas, L.P. entered into a definitive agreement on October 29, 2026 to acquire all outstanding equity interests in LYB Houston Hub Holdings LLC from a LyondellBasell subsidiary, for a purchase price of $320.5 million, subject to closing adjustments.
The company disclosed that LYB Houston indirectly owns a facility of approximately 700-acre adjacent to the company's Houston refinery on the Houston Ship Channel, which previously operated as a petroleum refinery.
The company said closing of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and expects the deal to close by the end of 2026.
Valero said it currently expects to initially restart 165,000 BPD of light sweet crude processing capacity by the end of 2027. It also said the acquisition provides an opportunity to later invest in high-complexity, heavy sour crude processing.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

LYB Houston Stake Deal Sets Purchase Price at $320.5 million

The company said its wholly owned subsidiary Valero Refining-Texas, L.P. entered into a definitive agreement on October 29, 2026 to acquire all outstanding equity interests in LYB Houston Hub Holdings LLC from a LyondellBasell subsidiary, for a purchase price of $320.5 million, subject to closing adjustments.

Source · Based on the filing body and exhibits

Facility of About 700-acre Next to Houston Ship Channel Refinery

The company disclosed that LYB Houston indirectly owns a facility of approximately 700-acre adjacent to the company's Houston refinery on the Houston Ship Channel, which previously operated as a petroleum refinery.

Source · Based on the filing body and exhibits

Closing Conditions and Expected Timing

The company said closing of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and expects the deal to close by the end of 2026.

Source · Based on the filing body and exhibits

Plan to Restart 165,000 BPD

Valero said it currently expects to initially restart 165,000 BPD of light sweet crude processing capacity by the end of 2027. It also said the acquisition provides an opportunity to later invest in high-complexity, heavy sour crude processing.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.