Valero crushed Q2 with a 24% EPS beat as refining margins nearly doubled to $23.62 per barrel and renewable diesel swung to a $717 million profit on surging RIN prices, propelling operating income up 421% year-over-year.
Valero Energy :
VLO
VLO
Stock Data
$323.92
$8.97 (2.85%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS REFINING & MARKETING
Valero Energy Corp is a leading manufacturer and marketer of petroleum-based and low-carbon transportation fuels, along with petrochemical products, serving markets in the U.S., Canada, the UK, Ireland, Latin America, and more. With operations in refining, renewable diesel, and ethanol, Valero produces a wide range of products including gasoline, diesel, jet fuel, and asphalt. It markets its products under well-known brands such as Valero, Beacon, and Texaco. The company also focuses on renewable energy, operating plants that produce renewable diesel and ethanol, contributing to a more sustainable energy future. Founded in 1980, Valero is headquartered in San Antonio, Texas.
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