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) reported a net loss of $359 million, or $0.88 per share, for Q4 2020, a stark contrast to a net income of $1.1 billion, or $2.58 per share, in Q4 2019. For the full year, the company faced a net loss of $1.4 billion, or $3.50 per share, compared to a net income of $2.4 billion in 2019. The refining segment posted a $377 million operating loss, while renewable diesel reported $127 million in operating income. Despite challenges, Valero anticipates improved product demand and refining margins as global vaccine distribution progresses.
Valero Energy Corporation (NYSE:VLO) will host a conference call on January 28, 2021, at 10:00 a.m. ET to discuss its fourth quarter and full year earnings results for 2020, releasing the results earlier that day. The call will provide updates on company operations. Valero is a leading manufacturer and marketer of transportation fuels and petrochemical products, operating 15 refineries with a throughput capacity of approximately 3.2 million barrels per day, and 14 ethanol plants with a combined capacity of 1.73 billion gallons per year.
Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on December 9, 2020. Shareholders on record as of November 18, 2020 will receive this payment. Valero operates 15 petroleum refineries and 14 ethanol plants globally, with a combined throughput of approximately 3.2 million barrels per day and production capacity of 1.73 billion gallons per year, respectively. The company is a key player in transportation fuels and petrochemical products.
Valero Energy Corporation (NYSE: VLO) reported a net loss of $464 million, or $1.14 per share, for Q3 2020, a significant decline from $609 million net income in Q3 2019. Adjusted net loss stood at $472 million. The refining segment suffered a $629 million operating loss, while renewable diesel saw an increase in operating income to $184 million. Capital investments totaled $517 million, with a focus on sustaining business and growth projects in renewable diesel. Valero's long-term payout ratio is targeted between 40-50%, with Q3 dividends reaching $399 million.
Valero Energy Corporation (NYSE: VLO) reported a net loss of $464 million, or $1.14 per share, for Q3 2020, compared to a net income of $609 million, or $1.48 per share, in Q3 2019. Adjusted net loss was $472 million. The refining segment experienced a $629 million operating loss, with throughput volumes down 428 thousand barrels per day year-over-year. Conversely, the renewable diesel segment showed growth with $184 million in operating income, up from $65 million in Q3 2019. Valero ended Q3 2020 with $15.2 billion in debt and $4.0 billion in cash.
Valero Energy Corporation (NYSE: VLO) has appointed Jason Fraser as the new Chief Financial Officer (CFO), effective July 15, 2020, succeeding Donna Titzman, who will retire on the same date. Fraser, previously Executive Vice President and General Counsel, brings extensive leadership experience to the role. Richard Walsh will be promoted to General Counsel in conjunction with this transition. The company's leadership expressed confidence in Fraser's ability to uphold Valero's strategic objectives and financial strength amidst current uncertainties.
Valero Energy Corporation (NYSE:VLO) announced a conference call set for July 30, 2020, at 10:00 a.m. ET to discuss its second quarter earnings results. The earnings results will be released earlier that same day. Valero, a leading manufacturer and marketer of transportation fuels and petrochemical products, operates 15 refineries with a throughput capacity of 3.2 million barrels per day and 14 ethanol plants with a production capacity of 1.73 billion gallons per year. The call will be accessible via Valero's Investor Relations website.
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