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 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.
Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Over a two-year period, World Fuel Services will deliver approximately 60 million gallons of blended SAF, including 18 million gallons of neat SAF, produced by DGD from used cooking oil and food waste.
The SAF will have at least 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel and will be used for DHL Express's GoGreen Plus emission-reduced air transportation services. DGD's Port Arthur plant is expected to be capable of upgrading about 50% of its 470 million gallon annual production capacity to SAF by the fourth quarter of 2024, potentially making it one of the largest SAF manufacturers globally.
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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