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<title>Valero is taking a $1 billion dollar loss just to get out of California by April 2026</title>
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<description>Valero is taking a $1 billion dollar loss just to get out of California by April 2026. The company will not comply with Gavin Newsom mandates and instead is willing to lose a billion dollars to leave. &#x26;#x201C;When a company takes a billion dollar loss just to leave, you know something is seriously broken.&#x26;#x201D; &#x26;#x201C;Valero just wrote off $1.1 billion. That is the cost they are taking to walk away from California rather than keep operating their Benicia refinery past April 2026. &#x26;#x2014; This facility processes 145,000 barrels of oil per day, representing 8.6% of California&#x26;#x27;s entire gasoline production. 400...</description>
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