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) has announced a regular quarterly cash dividend of $0.98 per share, payable on June 8, 2021. Shareholders on record as of May 17, 2021 will receive this dividend. Valero, a Fortune 50 company, operates 15 petroleum refineries and 13 ethanol plants, boasting a throughput capacity of approximately 3.2 million barrels per day and production capacity of 1.69 billion gallons per year, respectively. The company is also a joint venture partner in the largest biomass-based diesel plant in North America.
Valero Energy Corporation (NYSE:VLO) released preliminary estimates for Q1 2021, projecting a net loss attributable to stockholders between $2.05 and $1.81 per share. This reflects higher than expected costs for electricity and natural gas due to Winter Storm Uri, estimated to impact losses by $1.18 to $1.14 per share. Total preliminary estimated net loss is projected at $835 to $735 million. A conference call is set for April 22, 2021, to discuss earnings results and operational updates.
Valero Energy Corporation (NYSE:VLO) is set to host a conference call on April 22, 2021, at 10:00 a.m. ET to discuss its first quarter 2021 earnings results and provide operational updates. Valero, based in San Antonio, Texas, operates 15 petroleum refineries with a total throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a production capacity of about 1.69 billion gallons per year. The company sells its products across various international markets through approximately 7,000 outlets.
Valero Energy Corporation (NYSE: VLO) will participate in two upcoming energy conferences in March 2021. The first is the Simmons Energy Conference on March 23, followed by the Scotia Howard Weil Energy Conference on March 24. Valero, a Fortune 50 company, operates 15 petroleum refineries and 13 ethanol plants, with a combined throughput capacity of around 3.2 million barrels per day and a production capacity of 1.69 billion gallons per year, respectively. For more information, visit www.investorvalero.com.
Valero Energy Corporation (NYSE: VLO) has partnered with BlackRock and Navigator Energy Services to develop a large-scale carbon capture and storage (CCS) pipeline system, spanning over 1,200 miles across five Midwest states. This initiative aims to transport and sequester up to 5 million metric tonnes of CO2 annually, with potential expansion to 8 million tonnes based on demand. As the largest renewable fuels producer in North America, Valero is set to be the anchor shipper for this project, which is expected to commence operations late in 2024.
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.
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