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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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