Valero Energy Stock Price, News & Analysis

Valero Energy Corporation (NYSE: VLO) will host a conference call on January 26, 2023, at 10:00 a.m. ET to discuss its fourth quarter and full year earnings for 2022, releasing the results on the same day. Interested parties can access the call via the company's Investor Relations website.

Valero Energy Corporation (NYSE: VLO) has announced the appointment of Marie A. Ffolkes as an independent director on its board, effective immediately. Ffolkes, founder and CEO of Axxelist LLC, has extensive experience in various sectors including industrial gas production. Her past roles include CEO of TriMark USA and President of Industrial Gases, Americas at Air Products & Chemicals. This addition aims to bring a global operational perspective to Valero's board. Ffolkes also serves on the board of Masco Corporation (NYSE: MAS).

Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on December 8, 2022. Record holders as of November 17, 2022 will receive this dividend. Valero operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day and is involved in renewable and ethanol production, emphasizing its role in the U.S., Canada, and the U.K. This dividend reflects Valero's commitment to providing returns to its shareholders.

Valero Energy Corporation (NYSE: VLO) reported a robust net income of $2.8 billion, or $7.19 per share, for Q3 2022, a significant increase from $463 million in Q3 2021. Adjusted net income also stood at $2.8 billion. The company reduced its debt by $1.25 billion in September 2022, totaling around $3.6 billion in debt reduction since mid-2021. Refining segment operating income surged to $3.8 billion. Valero continues to focus on maximizing refining utilization and is progressing on strategic projects aimed at improving margins and throughput capacities.

Valero Energy Corporation (NYSE: VLO) successfully reduced its debt by approximately $1.25 billion in September through tender offers for senior notes, utilizing cash on hand. This is part of a larger initiative that has seen Valero decrease its total debt by about $3.6 billion following refinancing efforts in 2021 and 2022. Valero operates 15 refineries with a combined capacity of 3.2 million barrels per day and is involved in renewable diesel and ethanol production, enhancing its position in the energy market.

Valero Energy Corporation (NYSE: VLO) will hold a conference call on October 25, 2022, at 10:00 a.m. ET to discuss its third quarter 2022 earnings results and provide updates on operations. The earnings report will be available earlier that day. Valero operates 15 petroleum refineries and 12 ethanol plants with significant production capacities. Its refining throughput capacity is about 3.2 million barrels per day, and its ethanol plants can produce approximately 1.6 billion gallons per year.

Valero Energy Corporation (NYSE: VLO) has announced the pricing terms of cash tender offers to purchase various outstanding senior notes, totaling up to $1,250,000,000. The tender offers include notes maturing from 2025 to 2045, with payments including accrued interest. Due to exceeding tendered amounts, Valero will not accept all notes and plans to accept specific series based on priority levels. The tender offers expire on September 23, 2022. The company has engaged several dealers for this process.

Valero Energy Corporation (NYSE: VLO) announced the early tender results of its cash tender offers to purchase various outstanding senior notes. The maximum aggregate principal amount for the offers has been increased from $1 billion to $1.25 billion. As of the Early Tender Date on September 9, 2022, several notes were validly tendered, including $290.7 million of the 2.850% Senior Notes due 2025. Valero expects not to accept all validly tendered notes due to oversubscription. The offers will expire on September 23, 2022, unless extended.

Valero Energy Corporation (NYSE: VLO) announced its upcoming participation in the Barclays CEO Energy-Power Conference in September. Valero is a leader in producing petroleum-based and low-carbon fuels, actively marketing its products in the U.S., Canada, U.K., Ireland, and Latin America. The company operates 15 refineries with a throughput capacity of about 3.2 million barrels per day and is involved in renewable energy through Diamond Green Diesel and 12 ethanol plants, producing a total of 1.6 billion gallons per year.