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 (VLO) maintains its position as a global leader in petroleum refining and renewable fuel production. This dedicated news hub provides investors and industry observers with essential updates on Valero's operational developments, strategic initiatives, and market positioning.
Access authoritative coverage of Valero's quarterly earnings reports, refinery operations updates, and renewable energy projects. Our curated collection includes official press releases, regulatory filings, and expert analysis of the company's refining capacity expansions and sustainable fuel ventures.
Key focus areas include petroleum market trends, ethanol production volumes, and advancements in sustainable aviation fuel technology through Valero's Diamond Green Diesel joint venture. Track the company's responses to energy market fluctuations and environmental regulations affecting refinery operations.
Bookmark this page for continuous access to Valero's latest corporate announcements, partnership developments, and industry leadership updates. Stay informed about critical operational changes and strategic decisions shaping one of North America's largest independent refiners.
Valero Energy (NYSE: VLO) reported Q3 2024 net income of $364 million, or $1.14 per share, down from $2.6 billion ($7.49 per share) in Q3 2023. The company's refining segment posted operating income of $565 million, while renewable diesel and ethanol segments reported $35 million and $153 million respectively. Valero returned $907 million to stockholders through dividends ($342 million) and stock buybacks ($565 million). The company completed its Diamond Green Diesel Port Arthur Sustainable Aviation Fuel project in October, enabling conversion of up to 50% of its 470 million gallon renewable diesel capacity to SAF.
Darling Ingredients Inc. (NYSE: DAR) announced that its joint venture Diamond Green Diesel (DGD) will supply sustainable aviation fuel (SAF) to Chicago Midway International Airport. The two-year agreement involves Valero Marketing and Supply Company and Southwest Airlines Co. (NYSE: LUV). Southwest will purchase a minimum of 3.6 million gallons of neat SAF, with an option to buy up to 25 million gallons.
The SAF, produced from waste-based feedstocks, is expected to reduce lifecycle greenhouse gas emissions by up to 80% compared to conventional jet fuel. It will be certified by a CORSIA-approved Sustainability Certification Scheme. The DGD Port Arthur plant will be able to upgrade about 50% of its 470 million gallon annual production capacity to SAF by Q4 2024, potentially making DGD one of the world's largest SAF manufacturers.
Southwest Airlines Co. (NYSE: LUV) has announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Company. This agreement, the largest of its kind in Illinois, will bring SAF to Chicago Midway International Airport (MDW). Key points include:
- Southwest will purchase a minimum of 3.6 million gallons of neat SAF (about 12 million gallons blended) for use as early as Q4 2024.
- The agreement has an option to purchase up to 25 million gallons of neat SAF (about 84 million gallons blended) over its two-year term.
- The SAF is expected to reduce lifecycle greenhouse gas emissions by 74% to 84% compared to conventional jet fuel.
- The agreement was facilitated by the Illinois Sustainable Aviation Fuel Purchase Credit and support from Southwest's Corporate Customers.
Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Over a two-year period, World Fuel Services will deliver approximately 60 million gallons of blended SAF, including 18 million gallons of neat SAF, produced by DGD from used cooking oil and food waste.
The SAF will have at least 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel and will be used for DHL Express's GoGreen Plus emission-reduced air transportation services. DGD's Port Arthur plant is expected to be capable of upgrading about 50% of its 470 million gallon annual production capacity to SAF by the fourth quarter of 2024, potentially making it one of the largest SAF manufacturers globally.
Valero Energy (NYSE: VLO) has announced that it will release its third quarter 2024 earnings results on October 24, 2024. Following the release, the company will host a conference call at 10:00 a.m. ET to discuss the results and provide an update on company operations. Investors and interested parties can join the webcast of the conference call through Valero's Investor Relations website at investorvalero.com. This announcement sets the stage for Valero to share its financial performance and operational updates with shareholders and analysts, providing insights into the company's progress in the third quarter of 2024.
Valero Energy (NYSE: VLO) reported net income of $880 million, or $2.71 per share, for Q2 2024, down from $1.9 billion, or $5.40 per share, in Q2 2023. The company's Refining segment posted operating income of $1.2 billion, while the Renewable Diesel segment reported $112 million. Ethanol segment operating income was $105 million. Valero returned $1.4 billion to stockholders through dividends ($347 million) and stock buybacks ($1.0 billion). The company maintained strong liquidity with $5.2 billion in cash and a debt to capitalization ratio of 16%. Valero's Sustainable Aviation Fuel project at the DGD Port Arthur plant is on track for Q4 2024 completion, potentially making DGD one of the world's largest SAF manufacturers.
Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend of $1.07 per share on its common stock. The dividend will be paid on September 3, 2024, to shareholders of record as of the close of business on August 1, 2024. This declaration by Valero's Board of Directors demonstrates the company's commitment to returning value to its shareholders through consistent dividend payments.
Valero Energy (NYSE: VLO) has scheduled a conference call for July 25, 2024, at 10:00 a.m. ET to discuss its second quarter 2024 earnings results, which will be released earlier the same day. The call will also include an update on company operations. Investors and interested parties can access the webcast through Valero's Investor Relations website.
Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend on its common stock. The dividend, set at $1.07 per share, will be payable on June 28, 2024.
Shareholders who hold common stock as of the close of business on May 30, 2024, will be eligible to receive this dividend. This decision reflects the company's commitment to returning value to its shareholders.
