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Tag Archives: Valero Energy Corp.

Valero CEO enjoys $813 k in stock sales

Valero Energy Corp. Director Stephen Waters nabbed more than $300,000 through an inside trade of 5,000 shares of company stock last week. The San Antonio Journal reports that Waters still owns more than 13,000 shares of the company, totaling up to nearly $813,000 based off of the average stock sale price of $60.47. Octafinance released an investment report that suggests, ...

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Valero Energy earns $964M in first quarter

SAN ANTONIO (AP) — Valero Energy Corp. has reported first-quarter earnings of $964 million. The San Antonio-based company said Tuesday that it had a per-share profit of $1.87. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share. The oil refiner posted revenue of $21.33 billion ...

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Valero seals subsidiaries for $671 million

Valero Energy Partners, LP announced late last week that an acquisition to acquire subsidiary businesses Valero Partners Houston, LLC and Valero Partners Louisiana, LLC. The transaction was valued at roughly $671 million. The deal closed on Sunday, March 1. Valero Energy stated that the Partnership will receive the outstanding membership interests of both lesser companies. Additionally, numerous assets and operations ...

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Top 5 Eagle Ford stories of the week

5. IHS study suggests U.S. oil production to halt by mid-year A new report released by Colorado-based IHS Energy suggests that oil production in the United States could come to a screeching halt by the middle of this year. According to the report, growth is still expected in the early months of 2015, but that momentum will begin to level off ...

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Valero refinery expansion means steady work for Eagle Ford

Valero Energy Corp. is adapting to the reality of cheap oil as it gears up to expand processing capacity to meet the growing demand of diesel and jet fuel. The San Antonio-based company is expected to its increase processing operations by an additional 185 thousand barrels per day of light crude by the first half of 2016. According to a ...

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U.S. workers strike for second day at nine refineries; one to shut

HOUSTON  – Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants. The walkouts were the first in support of a nationwide pact since 1980 and targeted plants with a combined 10 percent of U.S. refining capacity. ...

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Valero Energy tops Street 4Q forecasts

SAN ANTONIO — Valero Energy Corp. (VLO) on Thursday reported fourth-quarter earnings of $1.16 billion. On a per-share basis, the San Antonio-based company said it had profit of $2.22. Earnings, adjusted for non-recurring gains, came to $1.83 per share. The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.21 ...

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Valero restarts ethanol plant

Vicki Vaughan | The San Antonio Express-News SAN ANTONIO — Valero Energy Corp. has restarted production at a corn ethanol plant in Indiana that was shuttered more than two years ago by its previous owner. Locally based Valero bought the plant in March from Illinois-based Aventine Renewable Energy Holdings Inc. for $34 million, boosting the number of its ethanol plants ...

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Valero protests property tax bill

Dave Hendricks | Corpus Christi Caller-Times (Corpus Christi, Texas) CORPUS CHRISTI — Valero Energy Corp. apparently isn’t happy about the hefty property tax bill on the company’s Corpus Christi refinery complex. For the second straight year, Valero filed paperwork with the Nueces County Appraisal District contesting the company’s property tax valuations. The San Antonio-based company formally protested 109 accounts currently ...

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Pipeline to deliver crude to Valero plant

Vicki Vaughan | The San Antonio Express-News SAN ANTONIO — Valero Energy Corp.’s Memphis, Tennessee, refinery will begin receiving more low-cost domestic crude oil in two years as part of a plan by another company to build a pipeline to the plant. Houston-based Plains All American Pipeline LP said Thursday it plans to build a pipeline that would deliver as ...

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