Valero Energy - VLO STOCK NEWS

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.

Valero Energy Corporation (NYSE: VLO) will hold a conference call on July 29, 2021, at 10:00 a.m. ET to discuss its second quarter 2021 earnings results, set to be released that morning. The company operates 15 petroleum refineries with a combined capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing around 1.7 billion gallons annually. Valero, headquartered in San Antonio, Texas, is also a joint venture partner in Diamond Green Diesel, North America's largest biomass-based diesel plant.

Valero Energy Corporation (NYSE: VLO) announced its participation in two upcoming conferences: the Wells Fargo Virtual Energy Conference on June 2, 2021, and the RBC Capital Markets Global Energy, Power and Infrastructure Energy Conference on June 8, 2021.

About Valero: Valero is a global manufacturer and marketer of transportation fuels and petrochemical products. Based in San Antonio, Texas, it operates 15 refineries with a capacity of 3.2 million barrels per day and 13 ethanol plants producing 1.7 billion gallons annually. Valero sells products in several international markets.

Valero Energy Corporation (NYSE: VLO) will participate in the Citi Global Energy & Utilities Virtual Conference on May 12, 2021. Valero, a Fortune 50 company based in San Antonio, Texas, is a leading manufacturer and marketer of transportation fuels and petrochemical products. Operating 15 petroleum refineries with a total throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing about 1.7 billion gallons annually, Valero has a significant presence in the U.S., Canada, and the U.K. The company also partners in North America's largest biomass-based diesel plant.

Valero Energy Corporation (NYSE: VLO) reported a net loss of $704 million, or $1.73 per share, for Q1 2021, an improvement from a net loss of $1.9 billion in Q1 2020. This includes excess energy costs of $579 million due to Winter Storm Uri. The refining segment suffered a $592 million operating loss but showed recovery signs with increased product demand, achieving operational income in March. Renewable diesel reported a $203 million operating income, and ethanol losses decreased to $56 million. Valero returned $400 million to shareholders through dividends.

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.