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.
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.
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