Post Tagged with: "Valero"

Source: Reuters

Valero posts bumper Q3 profit as demand for its fuels exceeds 2019 levels

Oil Price


Major U.S. refiner Valero Energy (NYSE: VLO) reported on Tuesday third-quarter earnings above analyst expectations, thanks to strong product demand exceeding 2019 levels and solid refining fundamentals in the U.S. and worldwide.

 

Valero, which launched …

Source: Bloomberg

Valero, Motiva were buyers in Biden’s latest oil reserves sale

World Oil


(Bloomberg) — Valero Energy Corp.’s  trading division was the largest buyer of crude oil in the Biden administration’s second sale of emergency stocks that were part of the White House’s efforts to combat surging energy prices after Russia …

April 22, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron, Exxon, Valero, others win bids for planned U.S. SPR sale

Reuters


WASHINGTON – The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy …

Valero Energy reports second quarter 2021 results

Valero Energy reports second quarter 2021 results

Reported net income attributable to Valero stockholders of $162 million, or $0.39 per…

Source: Reuters

Valero warns of bigger first-quarter loss on costs from Texas deep freeze

Reuters


U.S. refiner Valero Energy Corp on Thursday warned that its first-quarter loss would exceed the previous three months, joining the ranks of energy firms hit hard by the severe winter storm in Texas in February.

The cold wave in …

Source: Reuters

Twin U.S. Gulf Coast storms stir deep production cuts by energy giants

Reuters


HOUSTON – Energy companies are moving to cut production at U.S. Gulf Coast oil refineries after shutting half the area’s offshore crude oil output ahead of back-to-back storms aiming for the coast this week.

Tropical Storms Marco and Laura, …

August 24, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Falling Latam demand deprives U.S. refiners of top customers

Reuters


MEXICO CITY/NEW YORK  – Latin American demand for refined products is rapidly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their main export destination.

The crisis has nearly shut down worldwide air travel and fuel demand, …

Valero Energy and Valero Energy Partners LP Announce Definitive $950 Million Merger

Valero Energy and Valero Energy Partners LP Announce Definitive $950 Million Merger

Valero Energy Corporation and Valero Energy Partners LP Announce Definitive Merger Agreement; Valero Energy Partners LP Declares Quarterly Distribution

October 18, 2018 - 4:26 pm Closing Bell Story‎, Press Releases
Refining Sector Attracts U.S. Mutual Funds

Refining Sector Attracts U.S. Mutual Funds

Tesoro and Valero bright-spots on S&P500 Energy Index

The outlook for the refining sector continues to be a bright spot in an otherwise gloomy outlook for the energy industry. While E&Ps look for the best ways to cut costs amid …

October 9, 2015 - 4:35 pm Downstream, Oil and Gas 360 Articles
Valero Energy, Fueled by Lower Oil Prices, Reports Personal-Best Q1 Earnings

Valero Energy, Fueled by Lower Oil Prices, Reports Personal-Best Q1 Earnings

Expects to Significantly Expand its Midstream Business Long Term

Valero Energy (ticker: VLO), the largest refiner in the United States with throughput capacity of 2.90 MMBOPD, reported net income of $964 million, or $1.87 per share, in its Q1’15 results …

April 28, 2015 - 6:59 pm Downstream, Earnings, Finance, Midstream, Oil and Gas 360 Articles
Valero Aims to Sustain CapEx, Dividend Growth in 2015

Valero Aims to Sustain CapEx, Dividend Growth in 2015

Despite the tumbling price of oil, Valero looks to sustain expenditures and continue to grow dividends

Valero (ticker: VLO), the world’s largest independent refiner, released a presentation last week setting the company’s many objectives for 2015. In the face of …

January 13, 2015 - 3:36 pm Oil and Gas 360 Articles