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 (NYSE: VLO) has announced that it will release its third quarter 2024 earnings results on October 24, 2024. Following the release, the company will host a conference call at 10:00 a.m. ET to discuss the results and provide an update on company operations. Investors and interested parties can join the webcast of the conference call through Valero's Investor Relations website at investorvalero.com. This announcement sets the stage for Valero to share its financial performance and operational updates with shareholders and analysts, providing insights into the company's progress in the third quarter of 2024.
Valero Energy (NYSE: VLO) reported net income of $880 million, or $2.71 per share, for Q2 2024, down from $1.9 billion, or $5.40 per share, in Q2 2023. The company's Refining segment posted operating income of $1.2 billion, while the Renewable Diesel segment reported $112 million. Ethanol segment operating income was $105 million. Valero returned $1.4 billion to stockholders through dividends ($347 million) and stock buybacks ($1.0 billion). The company maintained strong liquidity with $5.2 billion in cash and a debt to capitalization ratio of 16%. Valero's Sustainable Aviation Fuel project at the DGD Port Arthur plant is on track for Q4 2024 completion, potentially making DGD one of the world's largest SAF manufacturers.
Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend of $1.07 per share on its common stock. The dividend will be paid on September 3, 2024, to shareholders of record as of the close of business on August 1, 2024. This declaration by Valero's Board of Directors demonstrates the company's commitment to returning value to its shareholders through consistent dividend payments.
Valero Energy (NYSE: VLO) has scheduled a conference call for July 25, 2024, at 10:00 a.m. ET to discuss its second quarter 2024 earnings results, which will be released earlier the same day. The call will also include an update on company operations. Investors and interested parties can access the webcast through Valero's Investor Relations website.
Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend on its common stock. The dividend, set at $1.07 per share, will be payable on June 28, 2024.
Shareholders who hold common stock as of the close of business on May 30, 2024, will be eligible to receive this dividend. This decision reflects the company's commitment to returning value to its shareholders.
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