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 (VLO) maintains its position as a global leader in petroleum refining and renewable fuel production. This dedicated news hub provides investors and industry observers with essential updates on Valero's operational developments, strategic initiatives, and market positioning.
Access authoritative coverage of Valero's quarterly earnings reports, refinery operations updates, and renewable energy projects. Our curated collection includes official press releases, regulatory filings, and expert analysis of the company's refining capacity expansions and sustainable fuel ventures.
Key focus areas include petroleum market trends, ethanol production volumes, and advancements in sustainable aviation fuel technology through Valero's Diamond Green Diesel joint venture. Track the company's responses to energy market fluctuations and environmental regulations affecting refinery operations.
Bookmark this page for continuous access to Valero's latest corporate announcements, partnership developments, and industry leadership updates. Stay informed about critical operational changes and strategic decisions shaping one of North America's largest independent refiners.
Valero Energy Corporation (NYSE: VLO) reported a net income attributable to stockholders of $3.1 billion, or $8.29 per share, for Q1 2023, a significant increase from $905 million, or $2.21 per share, in Q1 2022. The refining segment achieved an operating income of $4.1 billion, while the Renewable Diesel segment reported $205 million in operating income. The company reduced its debt by $199 million and returned over $1.8 billion to stockholders through dividends and buybacks. Valero's quarterly dividend rose to $1.02 per share. The Port Arthur Coker project commenced operations in April, enhancing throughput capacity. Additionally, Valero's joint venture is targeting a Sustainable Aviation Fuel project, expected to bolster future production capabilities.
Valero Energy Corporation (NYSE: VLO) will host a conference call on April 27, 2023 at 10:00 a.m. ET to discuss its first quarter 2023 earnings results, to be released earlier that day. Investors can join the call via the Valero Investor Relations website. Valero is a multinational manufacturer of petroleum-based and low-carbon liquid fuels, operating 15 refineries with a combined throughput of approximately 3.2 million barrels per day. The company also owns 12 ethanol plants with a production capacity of about 1.6 billion gallons per year and is a joint venture member in renewable diesel production.
Valero Energy Corporation (NYSE: VLO) and Darling Ingredients Inc. (NYSE: DAR) have finalized their investment decision for a Sustainable Aviation Fuel (SAF) project at the DGD Port Arthur plant, a joint venture between the two companies. The project, estimated to cost
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