Valero Energy is a multinational company engaged in the refining and marketing of petroleum products
It operates a diverse portfolio of refineries that convert crude oil and other feedstocks into various fuels and chemicals, including gasoline, diesel, and jet fuel. Additionally, Valero has a robust wholesale and retail distribution network, supplying its products to customers through a range of channels. The company is also involved in the production of renewable fuels and operates several facilities that focus on biofuels, reflecting a commitment to sustainability and reducing environmental impact. Valero's operations span across North America and the United Kingdom, positioning it as a key player in the global energy market.
Oil prices recover from early losses as U.S. targets Iran's oil network for funding nuclear program and supporting proxy groups. Market volatility rises.
Let's have a look at what is happening on the US markets in the middle of the day on Monday. Below you can find the top S&P500 gainers and losers in today's session.
Excluding items, the company reported adjusted earnings of $0.64 per share for the fourth quarter, compared with the market estimate of $0.06 per share.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
Valero Energy reported a 13.2% decline in Q4 sales to $30.76 billion, surpassing estimates. The Refining segment saw a significant drop in operating income, while the Renewable Diesel segment grew. Adjusted EPS of $0.64 far exceeded consensus.
Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal Reserve interest rate policy.
Canada is considering export taxes on goods, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he has pledged.
2024 hurricane season continues with deadly storms, threatening the Gulf Coast and potentially impacting companies such as Exxon Mobil, Chevron and Generac.
