Valero Energy Corporation reports news on its business as a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. The company operates through Refining, Renewable Diesel, and Ethanol segments, with petroleum refineries in the United States, Canada, and the United Kingdom; ethanol plants in the U.S. Mid-Continent; and a joint venture interest in Diamond Green Diesel, which produces renewable diesel and sustainable aviation fuel.
Recurring Valero updates include operating and financial results, refinery throughput and segment performance, capital investments for turnarounds and regulatory compliance, common-stock dividends, shareholder matters, and executive or governance changes. Company releases also describe product markets across the United States, Canada, the United Kingdom, Ireland, and Latin America.
Valero Energy Corporation (NYSE: VLO) has appointed Fred M. Diaz as an independent director on its Board, effective immediately. Diaz has an extensive background in the transportation industry, previously serving as CEO of Mitsubishi Motors North America and holding senior roles at Nissan and Fiat Chrysler Automobiles. His global experience is expected to enhance Valero's governance, particularly in the transportation sector. The company operates 15 refineries and 13 ethanol plants, emphasizing its position as a leading manufacturer of fuels and petrochemicals.
Valero Energy Corporation (NYSE: VLO) announced its plans to redeem $575 million of its Floating Rate Senior Notes due 2023 on September 27, 2021. This initiative is part of Valero's strategy to reduce its debt. The redemption price will equal 100% of the principal amount plus accrued interest. Valero intends to use cash on hand for this transaction. A notice of redemption will be sent to all registered holders of the Notes by U.S. Bank National Association, the Trustee.
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.