Welcome to our dedicated page for Valero Energy news (Ticker: VLO), a resource for investors and traders seeking the latest updates and insights on Valero Energy stock.
Valero Energy Corporation (NYSE: VLO) generates a steady flow of news related to its role as a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. Through its Refining, Renewable Diesel, and Ethanol segments, the company operates 15 petroleum refineries in the U.S., Canada, and the U.K., participates in the Diamond Green Diesel joint venture, and owns 12 ethanol plants in the U.S. Mid-Continent region.
News about Valero often centers on quarterly earnings results, where the company reports segment operating income, refining throughput volumes, renewable diesel and ethanol production volumes, and capital investments. These releases also describe how Valero allocates capital between sustaining projects, optimization initiatives such as the FCC Unit optimization project at the St. Charles Refinery, and returns to stockholders through dividends and share repurchases.
Investors following VLO news will also see dividend declarations from the Board of Directors, with regular quarterly cash dividends on common stock detailed in multiple announcements. In addition, Valero issues updates on leadership and governance changes, such as the election of new directors to the Board and transitions in key executive roles, including the planned appointment of a new Chief Financial Officer.
This news feed aggregates earnings releases, dividend announcements, corporate governance updates, and other press releases tied to Valero’s operations in refining, renewable diesel, and ethanol. For anyone tracking VLO, it offers a focused view of the company’s publicly reported financial performance, capital projects, and board and management developments over time.
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.
Valero Energy Corporation (NYSE:VLO) is set to host a conference call on April 22, 2021, at 10:00 a.m. ET to discuss its first quarter 2021 earnings results and provide operational updates. Valero, based in San Antonio, Texas, operates 15 petroleum refineries with a total throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a production capacity of about 1.69 billion gallons per year. The company sells its products across various international markets through approximately 7,000 outlets.
Valero Energy Corporation (NYSE: VLO) will participate in two upcoming energy conferences in March 2021. The first is the Simmons Energy Conference on March 23, followed by the Scotia Howard Weil Energy Conference on March 24. Valero, a Fortune 50 company, operates 15 petroleum refineries and 13 ethanol plants, with a combined throughput capacity of around 3.2 million barrels per day and a production capacity of 1.69 billion gallons per year, respectively. For more information, visit www.investorvalero.com.
Valero Energy Corporation (NYSE: VLO) has partnered with BlackRock and Navigator Energy Services to develop a large-scale carbon capture and storage (CCS) pipeline system, spanning over 1,200 miles across five Midwest states. This initiative aims to transport and sequester up to 5 million metric tonnes of CO2 annually, with potential expansion to 8 million tonnes based on demand. As the largest renewable fuels producer in North America, Valero is set to be the anchor shipper for this project, which is expected to commence operations late in 2024.
Valero Energy Corporation (NYSE: VLO) announces participation in two key events: the Bank of America Merrill Lynch Refining Conference on March 11, 2021 and the Evercore ISI Energy Summit on March 17, 2021. Valero, a Fortune 50 company headquartered in San Antonio, Texas, operates 15 petroleum refineries with a throughput capacity of 3.2 million barrels per day and 13 ethanol plants that produce 1.69 billion gallons annually. The company is also involved in a joint venture for North America’s largest biomass-based diesel plant.
Valero Energy Corporation (NYSE: VLO) announced its participation in two significant events: the Credit Suisse Energy Summit on March 2, 2021, and the Morgan Stanley Energy & Power Conference on March 3, 2021. Valero is a Fortune 50 company based in San Antonio, Texas, operating 15 refineries with a total throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a production capacity of 1.69 billion gallons annually. The company markets its products across the U.S., Canada, U.K., Ireland, and Latin America.
Darling Ingredients and Valero Energy have received board approval to construct a new renewable diesel facility via their joint venture, Diamond Green Diesel (DGD), at Valero's Port Arthur refinery in Texas. This facility will produce 470 million gallons of renewable diesel annually, set to commence operations in late 2023. Combining this with the existing Norco facility’s capacity, DGD’s total output will reach approximately 1.2 billion gallons. The estimated construction cost is $1.45 billion, shared equally between the partners and funded by internal cash flows.