It dates back 103 years to 1922, when it was first called the Texas Open; San Antonio-based Valero Energy Corporation took over naming rights in 2002.

With the demise of the Atlanta Classic, the PGA Tour moved the Texas Open into that slot on the schedule in May 2009 and it became a regular FedEx Cup event.

In 2011, the event moved to the week following the Masters Tournament; that 2011 edition is best known for Kevin Na's 16 (+12) on the ninth hole in the opening round.

As a Fall Series event, the Valero Texas Open was the alternate tournament to the Presidents and Ryder Cups.

Since Valero became title sponsor in 2002, the tournament has become the annual leader in charitable fundraising among PGA Tour events.

In 2015, the Valero Texas Open become only the fourth PGA Tour event to eclipse the $100 million milestone in funds raised for charity.