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) will participate in several upcoming conferences, including the Wells Fargo 2022 Energy Conference, the RBC Global Energy, Power & Infrastructure Conference, and the J.P. Morgan 2022 Energy, Power & Renewables Conference, all set for June. Valero is a major player in the petroleum and low-carbon fuels market, with a significant operational presence across the U.S., Canada, U.K., Ireland, and Latin America. The company operates 15 refineries with a throughput capacity of 3.2 million barrels per day and is involved in renewable diesel and ethanol production.
Valero Energy Corporation (NYSE: VLO) announced its participation in Citi’s 2022 Global Energy, Utilities and Climate Technology Conference scheduled for May. Valero is a multinational firm involved in manufacturing and marketing petroleum-based and low-carbon liquid transportation fuels. The company operates 15 refineries with a throughput capacity of approximately 3.2 million barrels per day and is a member of Diamond Green Diesel Holdings, which has a renewable diesel plant in Louisiana.
The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on June 7, 2022 to stockholders of record by May 12, 2022. Valero operates 15 refineries with a total throughput capacity of approximately 3.2 million barrels per day and is engaged in manufacturing petroleum and low-carbon fuels. The company also holds a stake in Diamond Green Diesel, which features a renewable diesel plant with a production capacity of 700 million gallons per year.
Valero Energy Corporation (NYSE: VLO) reported strong Q1 2022 results, with net income of $905 million ($2.21/share) compared to a net loss of $704 million in Q1 2021. Adjusted net income was $944 million ($2.31/share), up from an adjusted loss of $666 million. Valero's refining segment generated $1.45 billion in operating income, supported by increased throughput of 2.8 million barrels/day. The company returned $545 million to shareholders, reduced long-term debt by $750 million, and accelerated the Diamond Green Diesel project to Q4 2022.
Valero Energy Corporation (NYSE: VLO) announced a conference call scheduled for April 26, 2022, at 10:00 a.m. ET. This call will discuss the company's first quarter 2022 earnings results, which will also be released earlier that day. Valero operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and is involved in renewable diesel through its joint venture in Diamond Green Diesel Holdings LLC.
Valero Energy Corporation (NYSE: VLO) announced its participation in the Piper Sandler and Scotia Howard Weil Energy Conferences in March. The company is a leading manufacturer and marketer of petroleum-based and low-carbon fuels and petrochemical products, operating 15 refineries with a throughput capacity of about 3.2 million barrels per day. Valero also runs 12 ethanol plants with a combined production capacity of approximately 1.6 billion gallons per year and is involved in renewable diesel through a joint venture, contributing to its diverse energy portfolio.
Valero Energy Corporation (NYSE: VLO) announced a significant reduction in its long-term debt by approximately
Valero Energy Corporation (NYSE: VLO) has announced cash tender offers for its outstanding senior notes, including those due in 2025, 2026, and 2028. The tender offers aim to purchase notes totaling up to $579,319,000. As of the Early Tender Date, validly tendered notes exceeded this amount, leading Valero to limit acceptance based on priority levels. The Total Consideration for tendered notes will be calculated based on U.S. Treasury yields and includes an Early Tender Payment. The offers will expire on March 2, 2022.
Valero Energy Corporation (NYSE: VLO) has reported early tender results for its cash tender offers to purchase various senior notes, including the 3.650% and 2.850% notes due in 2025, among others. The maximum aggregate principal amount for the 2025 notes has been increased from $500 million to $579.32 million. The aggregate purchase price for the tender offers is now expected to cover all validly tendered 3.400% 2026 notes, with over $1 billion total principal amount tendered. Notably, Valero anticipates that not all tendered notes will be accepted.
Valero Energy Corporation (NYSE: VLO) has priced a public offering of $650,000,000 aggregate principal amount of 4.000% Senior Notes due 2052. The offering is expected to close on February 7, 2022, pending customary closing conditions. Valero plans to use the net proceeds from this offering to finance cash tender offers to repurchase several outstanding Senior Notes and for general corporate purposes. J.P. Morgan Securities LLC, BofA Securities, Inc., Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.
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