Valero Energy Stock Price, News & Analysis

Valero Energy Corporation (NYSE: VLO) has initiated two cash tender offers for its outstanding senior notes. The Any and All Tender Offer targets all 2.700% Senior Notes due 2023, totaling $850,000,000. The Maximum Tender Offer aims to purchase up to $1,000,000,000 across various notes due from 2024 to 2039. The Any and All Tender Offer expires on November 24, 2021, while the Maximum Tender Offer concludes at midnight on December 16, 2021.

Valero Energy Corporation (NYSE: VLO) has announced a quarterly cash dividend of $0.98 per share, payable on December 9, 2021 to shareholders of record as of November 18, 2021. Valero, headquartered in San Antonio, Texas, is a leading producer of transportation fuels and petrochemical products, operating 15 refineries with a total throughput capacity of approximately 3.2 million barrels per day and 12 ethanol plants with a combined capacity of 1.6 billion gallons annually.

Valero Energy reported a net income of $463 million, or $1.13 per share, for Q3 2021, a significant turnaround from a net loss of $464 million in Q3 2020. Adjusted net income reached $500 million, or $1.22 per share. The refining segment generated $835 million in operating income, with throughput averaging 2.9 million barrels per day. Valero returned $400 million to stockholders via dividends and completed major projects, including the Diamond Green Diesel expansion and Pembroke Cogeneration Unit. The company holds $14.2 billion in debt and $3.5 billion in cash.

Valero Energy Corporation (NYSE: VLO) will host a conference call on October 21, 2021, at 10:00 a.m. ET to discuss its third quarter 2021 earnings results, which will be released earlier that day. Valero, a leading international manufacturer and marketer of transportation fuels and petrochemicals, operates 15 refineries with a throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing around 1.7 billion gallons annually.

Valero Energy Corporation (NYSE: VLO) has appointed Fred M. Diaz as an independent director on its Board, effective immediately. Diaz has an extensive background in the transportation industry, previously serving as CEO of Mitsubishi Motors North America and holding senior roles at Nissan and Fiat Chrysler Automobiles. His global experience is expected to enhance Valero's governance, particularly in the transportation sector. The company operates 15 refineries and 13 ethanol plants, emphasizing its position as a leading manufacturer of fuels and petrochemicals.

Valero Energy Corporation (NYSE: VLO) announced its plans to redeem $575 million of its Floating Rate Senior Notes due 2023 on September 27, 2021. This initiative is part of Valero's strategy to reduce its debt. The redemption price will equal 100% of the principal amount plus accrued interest. Valero intends to use cash on hand for this transaction. A notice of redemption will be sent to all registered holders of the Notes by U.S. Bank National Association, the Trustee.

Valero Energy Corporation (NYSE: VLO) has announced participation in the virtual Barclays CEO Energy Power Conference on September 9, 2021. As a Fortune 500 entity based in San Antonio, Texas, Valero operates 15 petroleum refineries with a throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing around 1.7 billion gallons annually. The company is also a joint venture partner in Diamond Green Diesel, North America’s largest biomass-based diesel plant located in Norco, Louisiana.

Valero Energy Corporation (NYSE: VLO) reported a net income of $162 million ($0.39 per share) for Q2 2021, down from $1.3 billion ($3.07 per share) in Q2 2020. Adjusted net income was $197 million, compared to an adjusted net loss of $504 million in the same quarter last year. Refining segment income fell to $349 million, while renewable diesel operating income increased to $248 million. Valero aims for a long-term payout ratio of 40-50%. The company is advancing several projects to lower carbon intensity, including expansions in renewable diesel production.

The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on September 2, 2021, to shareholders recorded by the close of business on August 5, 2021. Valero operates 15 petroleum refineries with a throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing about 1.7 billion gallons per year. The company is a leading manufacturer and marketer of transportation fuels and petrochemical products in North America.