Welcome to our dedicated page for Valero Energy news (Ticker: VLO), a resource for investors and traders seeking the latest updates and insights on Valero Energy stock.
Valero Energy Corporation (symbol: VLO) is a leading Fortune 50 international manufacturer and marketer of transportation fuels and petrochemical products. Based in San Antonio, Texas, Valero operates as an independent petroleum refiner and ethanol producer. With approximately 10,000 employees, Valero's assets include 15 petroleum refineries with a combined throughput capacity of around 3.1 million barrels per day, located across the United States, Canada, and the United Kingdom. Additionally, Valero owns 11 ethanol plants in the mid-continent region of the U.S., with a combined production capacity of approximately 1.4 billion gallons per year.
Valero’s business model emphasizes refining and ethanol production. The company also owns a 2% general partner interest and a majority limited partner interest in Valero Energy Partners LP, a midstream master limited partnership. Valero’s products are sold in both wholesale rack and bulk markets, and its brand is carried by approximately 7,400 outlets.
Valero is renowned for its significant scale and efficiency in the refining industry. The company has expanded its operations to include a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel. This diversification into renewable energy underscores Valero's commitment to sustainable practices and innovation within the energy sector.
Recent achievements highlight Valero’s continued growth and adaptation in a dynamic market, including advancements in cleaner-burning fuels and strategic partnerships that enhance its market presence. With robust financial health, Valero continues to invest in infrastructure and technology to maintain its competitive edge.
For investors and stakeholders, Valero's consistent performance and strategic initiatives offer a comprehensive value proposition. The company's focus on operational excellence, combined with its significant refining capacity and growing renewable energy portfolio, positions it as a key player in the global energy landscape.
Valero Energy Corporation (NYSE: VLO) announces participation in two key events: the Bank of America Merrill Lynch Refining Conference on March 11, 2021 and the Evercore ISI Energy Summit on March 17, 2021. Valero, a Fortune 50 company headquartered in San Antonio, Texas, operates 15 petroleum refineries with a throughput capacity of 3.2 million barrels per day and 13 ethanol plants that produce 1.69 billion gallons annually. The company is also involved in a joint venture for North America’s largest biomass-based diesel plant.
Valero Energy Corporation (NYSE: VLO) announced its participation in two significant events: the Credit Suisse Energy Summit on March 2, 2021, and the Morgan Stanley Energy & Power Conference on March 3, 2021. Valero is a Fortune 50 company based in San Antonio, Texas, operating 15 refineries with a total throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a production capacity of 1.69 billion gallons annually. The company markets its products across the U.S., Canada, U.K., Ireland, and Latin America.
Darling Ingredients and Valero Energy have received board approval to construct a new renewable diesel facility via their joint venture, Diamond Green Diesel (DGD), at Valero's Port Arthur refinery in Texas. This facility will produce 470 million gallons of renewable diesel annually, set to commence operations in late 2023. Combining this with the existing Norco facility’s capacity, DGD’s total output will reach approximately 1.2 billion gallons. The estimated construction cost is $1.45 billion, shared equally between the partners and funded by internal cash flows.
Valero Energy Corporation (NYSE: VLO) reported a net loss of $359 million, or $0.88 per share, for Q4 2020, a stark contrast to a net income of $1.1 billion, or $2.58 per share, in Q4 2019. For the full year, the company faced a net loss of $1.4 billion, or $3.50 per share, compared to a net income of $2.4 billion in 2019. The refining segment posted a $377 million operating loss, while renewable diesel reported $127 million in operating income. Despite challenges, Valero anticipates improved product demand and refining margins as global vaccine distribution progresses.
Valero Energy Corporation (NYSE:VLO) will host a conference call on January 28, 2021, at 10:00 a.m. ET to discuss its fourth quarter and full year earnings results for 2020, releasing the results earlier that day. The call will provide updates on company operations. Valero is a leading manufacturer and marketer of transportation fuels and petrochemical products, operating 15 refineries with a throughput capacity of approximately 3.2 million barrels per day, and 14 ethanol plants with a combined capacity of 1.73 billion gallons per year.
Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on December 9, 2020. Shareholders on record as of November 18, 2020 will receive this payment. Valero operates 15 petroleum refineries and 14 ethanol plants globally, with a combined throughput of approximately 3.2 million barrels per day and production capacity of 1.73 billion gallons per year, respectively. The company is a key player in transportation fuels and petrochemical products.
Valero Energy Corporation (NYSE: VLO) reported a net loss of $464 million, or $1.14 per share, for Q3 2020, a significant decline from $609 million net income in Q3 2019. Adjusted net loss stood at $472 million. The refining segment suffered a $629 million operating loss, while renewable diesel saw an increase in operating income to $184 million. Capital investments totaled $517 million, with a focus on sustaining business and growth projects in renewable diesel. Valero's long-term payout ratio is targeted between 40-50%, with Q3 dividends reaching $399 million.
Valero Energy Corporation (NYSE: VLO) reported a net loss of $464 million, or $1.14 per share, for Q3 2020, compared to a net income of $609 million, or $1.48 per share, in Q3 2019. Adjusted net loss was $472 million. The refining segment experienced a $629 million operating loss, with throughput volumes down 428 thousand barrels per day year-over-year. Conversely, the renewable diesel segment showed growth with $184 million in operating income, up from $65 million in Q3 2019. Valero ended Q3 2020 with $15.2 billion in debt and $4.0 billion in cash.
Valero Energy Corporation (NYSE: VLO) has appointed Jason Fraser as the new Chief Financial Officer (CFO), effective July 15, 2020, succeeding Donna Titzman, who will retire on the same date. Fraser, previously Executive Vice President and General Counsel, brings extensive leadership experience to the role. Richard Walsh will be promoted to General Counsel in conjunction with this transition. The company's leadership expressed confidence in Fraser's ability to uphold Valero's strategic objectives and financial strength amidst current uncertainties.
Valero Energy Corporation (NYSE:VLO) announced a conference call set for July 30, 2020, at 10:00 a.m. ET to discuss its second quarter earnings results. The earnings results will be released earlier that same day. Valero, a leading manufacturer and marketer of transportation fuels and petrochemical products, operates 15 refineries with a throughput capacity of 3.2 million barrels per day and 14 ethanol plants with a production capacity of 1.73 billion gallons per year. The call will be accessible via Valero's Investor Relations website.
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