 | |
| Formerly |
|
|---|---|
| Company type | Public company |
| Industry | Chemical manufacturing and distribution,car repair |
| Predecessors |
|
| Founded | September 6, 1866; 158 years ago (1866-09-06) inBinghamton, New York, U.S. (as the Continuous Oil Refining Company) |
| Founder | John Ellis |
| Headquarters | , U.S. |
Key people | |
| Revenue |  US$1.62 billion (2024) |
| US$367 million (2024) | |
 US$212 million (2024) | |
| Total assets | US$2.44 billion (2024) |
| Total equity | US$186 million (2024) |
Number of employees | 11,500 (2024) |
| Subsidiaries |
|
| Website | valvoline |
| Footnotes / references [1][2][3] | |
Valvoline Inc. (/ˈvælvəliːn/VAL-və-leen) is an American retail automotive services company. It licenses the name for a number of Valvoline-labeledautomotive oil,additives, andlubricants. It also owns theValvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023[update], it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.[4][5][6]
Dr. John Ellis, the inventor of a petroleum lubricant for steam engines, founded Valvoline in 1866, inBinghamton, New York, as the "Continuous Oil Refining Company". In 1868, Ellis renamed his Binghamton Cylinder Oil to the more memorable Valvoline. The next year, he moved the Continuous Oil Refining Company toBrooklyn. With his son and son-in-law, Ellis renamed the company to "Ellis & Leonard" and relocated toShadyside, New Jersey. Valvoline received commendations byCharles F. Chandler and others at theParis Exhibition of 1878.[7] By the 1890s, Valvoline oil was associated with winning race cars.[8] During the early 20th century, Valvoline was the recommended motor oil for theFord Model T.[4]
In 1949,Ashland Inc. purchased the Freedom-Valvoline Company.[9]
By 2016, Ashland's Valvoline subsidiary accounted for about 37% of the parent company's annual revenue.[4] Valvoline completed aninitial public offering on theNew York Stock Exchange on September 22, 2016,[10] ahead of Ashland spinning off Valvoline as an independent company on May 5, 2017.[1]
On August 1, 2022,Saudi Aramco announced the acquisition of Valvoline's lubricant unit for US$2.65 billion.[11][12]
Valvoline is an official recommended fuel and motor oil for allGeneral Motors marquees includingChevrolet,Buick andCadillac and also all-Honda Motor Company group brands including Honda andAcura for automobiles only as well as Honda for motorcycles only.
Valvoline sponsored a number of auto races to market its motor oil, including theSCCA National Championship Runoffs andBommarito Automotive Group 500. Valvoline also sponsored the first woman to compete in both theDaytona 500 andIndianapolis 500,Janet Guthrie,NASCAR Cup Series driverMark Martin (1992-2000),CART driverAl Unser Jr. (1988-1993), and NASCAR teamsRahMoc Enterprises, andGinn Racing andHendrick Motorsports (since 2014).[2]
In Australia, Valvoline ownsnaming rights to theSydney Speedway[13] and sponsors theAustralian Sprintcar Grand Prix. It also sponsored the1994 Australian Manufacturers' Championship.
Since June 2020, Valvoline sponsorsLa Liga association clubSevilla FC as a global partner, with their logo appearing on the sleeves of match kits.[14]
Since July 2023 Valvoline is currently sponsoring theAston Martin Formula One team as an extension of the team's existing partnership with Aramco, and the partnership will be upgraded to lubricant supply role from 2026 season onwards due toHonda engine direct partnership.[15] From 2025 season onwards Valvoline will also supplying lubricants toRenault-backedBWT Alpine F1 Team.
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