Welcome to our dedicated page for Valero Energy Corporation news (Ticker: VLO), a resource for investors and traders seeking the latest updates and insights on Valero Energy Corporation 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) reported a record net income of $3.1 billion, or $8.15 per share, for Q4 2022, compared to $1.0 billion or $2.46 per share in Q4 2021. The full-year net income reached $11.5 billion, or $29.04 per share, up from $930 million in 2021. The Refining segment achieved an operating income of $4.3 billion in Q4. Valero reduced debt by $2.7 billion in 2022, totaling $4.0 billion since the second half of 2021. The new DGD Port Arthur plant commenced operations, significantly boosting renewable diesel production capacity. Valero returned 45% of adjusted net cash to stockholders, reinforcing its commitment to shareholder value.
Valero Energy Corporation (NYSE: VLO) will host a conference call on January 26, 2023, at 10:00 a.m. ET to discuss its fourth quarter and full year earnings for 2022, releasing the results on the same day. Interested parties can access the call via the company's Investor Relations website.
Valero Energy Corporation (NYSE: VLO) has announced the appointment of Marie A. Ffolkes as an independent director on its board, effective immediately. Ffolkes, founder and CEO of Axxelist LLC, has extensive experience in various sectors including industrial gas production. Her past roles include CEO of TriMark USA and President of Industrial Gases, Americas at Air Products & Chemicals. This addition aims to bring a global operational perspective to Valero's board. Ffolkes also serves on the board of Masco Corporation (NYSE: MAS).
Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on December 8, 2022. Record holders as of November 17, 2022 will receive this dividend. Valero operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day and is involved in renewable and ethanol production, emphasizing its role in the U.S., Canada, and the U.K. This dividend reflects Valero's commitment to providing returns to its shareholders.
Valero Energy Corporation (NYSE: VLO) reported a robust net income of $2.8 billion, or $7.19 per share, for Q3 2022, a significant increase from $463 million in Q3 2021. Adjusted net income also stood at $2.8 billion. The company reduced its debt by $1.25 billion in September 2022, totaling around $3.6 billion in debt reduction since mid-2021. Refining segment operating income surged to $3.8 billion. Valero continues to focus on maximizing refining utilization and is progressing on strategic projects aimed at improving margins and throughput capacities.
Valero Energy Corporation (NYSE: VLO) successfully reduced its debt by approximately $1.25 billion in September through tender offers for senior notes, utilizing cash on hand. This is part of a larger initiative that has seen Valero decrease its total debt by about $3.6 billion following refinancing efforts in 2021 and 2022. Valero operates 15 refineries with a combined capacity of 3.2 million barrels per day and is involved in renewable diesel and ethanol production, enhancing its position in the energy market.
Valero Energy Corporation (NYSE: VLO) will hold a conference call on October 25, 2022, at 10:00 a.m. ET to discuss its third quarter 2022 earnings results and provide updates on operations. The earnings report will be available earlier that day. Valero operates 15 petroleum refineries and 12 ethanol plants with significant production capacities. Its refining throughput capacity is about 3.2 million barrels per day, and its ethanol plants can produce approximately 1.6 billion gallons per year.
Valero Energy Corporation (NYSE: VLO) has announced the pricing terms of cash tender offers to purchase various outstanding senior notes, totaling up to
Valero Energy Corporation (NYSE: VLO) announced the early tender results of its cash tender offers to purchase various outstanding senior notes. The maximum aggregate principal amount for the offers has been increased from $1 billion to $1.25 billion. As of the Early Tender Date on September 9, 2022, several notes were validly tendered, including $290.7 million of the 2.850% Senior Notes due 2025. Valero expects not to accept all validly tendered notes due to oversubscription. The offers will expire on September 23, 2022, unless extended.
Valero Energy Corporation (NYSE: VLO) announced its upcoming participation in the Barclays CEO Energy-Power Conference in September. Valero is a leader in producing petroleum-based and low-carbon fuels, actively marketing its products in the U.S., Canada, U.K., Ireland, and Latin America. The company operates 15 refineries with a throughput capacity of about 3.2 million barrels per day and is involved in renewable energy through Diamond Green Diesel and 12 ethanol plants, producing a total of 1.6 billion gallons per year.
FAQ
What is the current stock price of Valero Energy Corporation (VLO)?
What is the market cap of Valero Energy Corporation (VLO)?
What does Valero Energy Corporation do?
Where is Valero Energy Corporation based?
How many employees does Valero Energy Corporation have?
What are the key assets of Valero Energy Corporation?
In which regions are Valero's refineries located?
What is Valero Energy Corporation's involvement in renewable energy?
How does Valero sell its products?
What is Valero Energy Partners LP?
What recent achievements has Valero Energy Corporation made?
What makes Valero Energy Corporation a key player in the energy sector?
