Home / Tag Archives: Valero Energy

Tag Archives: Valero Energy

Valero Energy 1Q adjusted profit misses analysts’ estimates

Valero Energy 1Q adjusted profit misses analysts' estimates

SAN ANTONIO (AP) — Valero Energy’s first-quarter adjusted profit missed analysts’ estimates, as the oil refiner contended with lower product margins. Shares fell more than 2 percent before the market open on Tuesday. For the three months ended March 31, Valero Energy Corp. earned $495 million, or $1.05 per share. A year ago the San Antonio-based company earned $964 million, ...

Read More »

Valero Energy posts better-than-expected profit

Valero Energy posts better-than-expected profit

Valero Energy reported higher-than-expected earnings on Thursday. The San Antonio-based company earned $862 million in profit during the fourth quarter 2015. The San Antonio oil refiner reported earnings of $1.79 per share, beating the average estimate of $1.41 per share. High crack spreads, the difference between crude oil and refined petroleum products, have meant strong profits for oil refiners despite ...

Read More »

Valero pumps out strong profit as refining margins rise

U.S. refiner Valero Energy Corp <VLO.N> reported a better-than-expected quarterly profit, helped by robust demand for refined products and lower crude costs. Valero also raised its quarterly cash dividend to 50 cents per share from 40 cents. The company’s shares were up 2.4 percent at $63.99 in premarket trading on Wednesday. Refiners have been pumping out strong profits due to ...

Read More »

Valero pairs with unlikely allies

same side of the fence

SAN ANTONIO — Valero Energy Corp. makes no bones about opposing a push to lift the nation’s ban on exporting crude oil. That puts the locally based independent refiner at odds with oil giants Exxon Mobil Corp. and ConocoPhillips, along with the American Petroleum Institute, an industry trade group. All have said that allowing exports of crude is reasonable given ...

Read More »