Search Results for: VLO
The Department of Energy has just released what may seem like a shocking drop in its weekly report on oil inventories. This morning’s data has a potential impact on the key ETFs of Oil Services...
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US refiners might be facing a squeeze on earnings if crude inventories continue to build and prices continue to drop for diesel fuel. Valero Energy Corp. (NYSE: VLO), Tesoro Corp. (NYSE: TSO), and...
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The refining industry has been under pressure for some time. It seems that rising prices were not a shoe-in for windfall profits at all. A rapid drop in oil prices was also not a recipe for...
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Marathon Oil (NYSE:MRO) today gave an interim update on its third quarter performance. The company will announce earnings on October 30th. Production is expected to be up by about 34,000 barrels of...
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Valero Energy Corp. (NYSE: VLO) has just recently announced its routine $0.05 dividend per common share per quarter. This $0.20 comes to a yield of only about 0.7% for investors. Oil investors...
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The rise in the dollar and the most recent wave of added risks that are coming from Europe combined with the loan halts in China have brought havoc to the commodities markets. Oil has not been...
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Fitch Ratings published a short report on the effect of the compression in crude oil spreads on refiners. We looked at this phenomenon about a month ago. Fitch concludes that the “relative cost...
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ExxonMobil (NYSE:XOM) is set to report its third quarter earnings next week pre-market on November 1, 2007. What is curious to 24/7 Wall St. is whether or not the biggest integrated oil play will...
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Source: ThinkstockFalling U.S. demand for gasoline has combined with high corn prices to force the closure of several U.S. ethanol plants. Ethanol makers are actually losing money on every gallon of...
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Valero Energy Corp. (NYSE: VLO) looks set to surge after the refinery giant posted earnings. The company posted $1.86 EPS from continuing operations, which may have some questionable numbers...
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Valero Energy Corp. (NYSE:VLO) has won the auction for seven ethanol plants formerly owned by VeraSun Energy Corporation (VSUNQ), which is now in Chapter 11 bankruptcy. Valero will pay $477 million...
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This week’s report from the Energy Information Administration noted that “strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to...
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A gallon of unleaded gasoline cost an average of $4.49 in California yesterday. In San Francisco, gasoline is a dime per gallon more expensive. Gas stations are closing either because they cannot get...
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