Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Rhea-AI Summary

Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share on common stock. This dividend will be payable on September 1, 2022, to shareholders of record as of the close of business on August 4, 2022. Valero operates 15 refineries across the U.S., Canada, and the U.K., with a capacity of approximately 3.2 million barrels per day. Additionally, Valero is involved in renewable diesel production through its joint venture, Diamond Green Diesel Holdings LLC, and operates 12 ethanol plants with a capacity of about 1.6 billion gallons per year.

Positive

• Quarterly cash dividend of $0.98 per share announced.
• Dividend payable on September 1, 2022, indicating strong shareholder returns.
• Valero operates a significant infrastructure with a capacity of 3.2 million barrels per day.

Negative

• None.

SAN ANTONIO--(BUSINESS WIRE)-- The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $0.98 per share. The dividend is payable on September 1, 2022 to holders of record at the close of business on August 4, 2022.

About Valero

We are a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and we sell our products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland, and Latin America. We own 15 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day (BPD). We are a joint venture member in Diamond Green Diesel Holdings LLC (DGD), which owns a renewable diesel plant in Norco, Louisiana with a production capacity of 700 million gallons per year, and we own 12 ethanol plants located in the Mid-Continent region of the U.S. with a combined production capacity of approximately 1.6 billion gallons per year. We manage our operations through our Refining, Renewable Diesel, and Ethanol segments. Please visit www.investorvalero.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005963/en/

Investors:

Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982

Eric Herbort, Director – Investor Relations, 210-345-3331

Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992

Media:

Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

Source: Valero Energy Corporation

FAQ

What is the announced dividend for Valero Energy Corporation?

Valero Energy Corporation has announced a quarterly cash dividend of $0.98 per share.

When will Valero's dividend be paid?

The dividend will be payable on September 1, 2022.

Who is eligible for Valero's dividend?

Shareholders of record at the close of business on August 4, 2022, are eligible for the dividend.

What is Valero's production capacity?

Valero operates refineries with a combined throughput capacity of approximately 3.2 million barrels per day.

Does Valero produce renewable fuels?

Yes, Valero is involved in renewable diesel production through Diamond Green Diesel Holdings LLC.