Valero Energy is a multinational company engaged in the refining and marketing of petroleum products
It operates a diverse portfolio of refineries that convert crude oil and other feedstocks into various fuels and chemicals, including gasoline, diesel, and jet fuel. Additionally, Valero has a robust wholesale and retail distribution network, supplying its products to customers through a range of channels. The company is also involved in the production of renewable fuels and operates several facilities that focus on biofuels, reflecting a commitment to sustainability and reducing environmental impact. Valero's operations span across North America and the United Kingdom, positioning it as a key player in the global energy market.
Excluding items, the company reported adjusted earnings of $0.64 per share for the fourth quarter, compared with the market estimate of $0.06 per share.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
Valero Energy reported a 13.2% decline in Q4 sales to $30.76 billion, surpassing estimates. The Refining segment saw a significant drop in operating income, while the Renewable Diesel segment grew. Adjusted EPS of $0.64 far exceeded consensus.
Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $281 million, or $0.88 per share, for the fourth quarter of 2024, compared to $1.2 billion, or $3.55 per share, for the fourth quarter of 2023. Excluding the adjustment shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $207 million, or $0.64 per share, for the fourth quarter of 2024, compared to $1.2 billion, or $3.57 per share, for the fourth quarter of 2023.
The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $1.07 per share to $1.13 per share. The dividend is payable on March 3, 2025 to holders of record at the close of business on January 30, 2025. The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $4.52 per share.
Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal Reserve interest rate policy.
Canada is considering export taxes on goods, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he has pledged.
Valero Energy Corporation (NYSEVLO) announced today that it will host a conference call on January 30, 2025 at 10:00 a.m. ET to discuss 2024 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.
2024 hurricane season continues with deadly storms, threatening the Gulf Coast and potentially impacting companies such as Exxon Mobil, Chevron and Generac.
Valero Energy Corporation (NYSE: VLO, “Valero”) today announced that Joseph W. Gorder has chosen to retire as Executive Chairman and as a member of the Board effective as of the close of business on December 31, 2024. R. Lane Riggs, Valero’s Chief Executive Officer and President, and member of the Board, has also been elected to the additional position of Chairman of the Board effective as of such date.
The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on December 20, 2024 to holders of record at the close of business on November 20, 2024.
Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQTSLA), which skyrocketed 18% in midday trading following stronger-than-expected quarterly financial results.
Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQTSLA), which skyrocketed 18% in midday trading following stronger-than-expected quarterly financial results.
