VLO

Valero Energy Corporation to Announce First Quarter 2024 Earnings Results on April 25, 2024

Retrieved on: 
Tuesday, March 19, 2024

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on April 25, 2024 at 10:00 a.m. ET to discuss first quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations.

Key Points: 

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on April 25, 2024 at 10:00 a.m. ET to discuss first quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations.

Valero Energy Reports 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Thursday, January 25, 2024

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.
  • The Refining segment reported operating income of $1.6 billion for the fourth quarter of 2023, compared to $4.3 billion for the fourth quarter of 2022.
  • Operating income was lower than the fourth quarter of 2022 due to lower renewable diesel margin in the fourth quarter of 2023.
  • Adjusted operating income was $205 million for the fourth quarter of 2023, compared to $69 million for the fourth quarter of 2022.

Valero Energy Corporation Increases Regular Cash Dividend

Retrieved on: 
Thursday, January 18, 2024

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $1.02 per share to $1.07 per share.

Key Points: 
  • The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $1.02 per share to $1.07 per share.
  • The dividend is payable on March 4, 2024 to holders of record at the close of business on February 1, 2024.
  • The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $4.28 per share.
  • As a reminder, Valero will host a conference call on January 25, 2024, at 10 a.m.

Valero Energy Corporation to Announce 2023 Fourth Quarter and Full Year Earnings Results on January 25, 2024

Retrieved on: 
Thursday, December 7, 2023

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on January 25, 2024 at 10:00 a.m. ET to discuss 2023 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.

Key Points: 

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on January 25, 2024 at 10:00 a.m. ET to discuss 2023 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Retrieved on: 
Tuesday, November 7, 2023

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.02 per share. The dividend is payable on December 20, 2023 to holders of record at the close of business on November 17, 2023.

Key Points: 

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.02 per share. The dividend is payable on December 20, 2023 to holders of record at the close of business on November 17, 2023.

Valero Energy Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $2.6 billion, or $7.49 per share, for the third quarter of 2023, compared to $2.8 billion, or $7.19 per share, for the third quarter of 2022.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $2.6 billion, or $7.49 per share, for the third quarter of 2023, compared to $2.8 billion, or $7.19 per share, for the third quarter of 2022.
  • The Refining segment reported operating income of $3.4 billion for the third quarter of 2023, compared to $3.8 billion for the third quarter of 2022.
  • Operating income was lower than the third quarter of 2022 primarily due to lower renewable diesel margin in the third quarter of 2023.
  • General and administrative expenses were $250 million in the third quarter of 2023, compared to $214 million in the third quarter of 2022.

Valero Energy Corporation to Announce Third Quarter 2023 Earnings Results on October 26, 2023

Retrieved on: 
Tuesday, September 12, 2023

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on October 26, 2023 at 10:00 a.m. ET to discuss third quarter 2023 earnings results, which will be released earlier that day, and provide an update on company operations.

Key Points: 

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on October 26, 2023 at 10:00 a.m. ET to discuss third quarter 2023 earnings results, which will be released earlier that day, and provide an update on company operations.

Valero Energy Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.9 billion, or $5.40 per share, for the second quarter of 2023, compared to $4.7 billion, or $11.57 per share, for the second quarter of 2022.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.9 billion, or $5.40 per share, for the second quarter of 2023, compared to $4.7 billion, or $11.57 per share, for the second quarter of 2022.
  • The Refining segment reported operating income of $2.4 billion for the second quarter of 2023, compared to $6.2 billion for the second quarter of 2022.
  • The Ethanol segment reported $127 million of operating income for the second quarter of 2023, compared to $101 million for the second quarter of 2022.
  • General and administrative expenses were $209 million in the second quarter of 2023, compared to $233 million in the second quarter of 2022.

Valero Announces Promotion of Gary K. Simmons to Chief Operating Officer

Retrieved on: 
Thursday, July 20, 2023

Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Gary K. Simmons, Valero’s Executive Vice President and Chief Commercial Officer, has been promoted and elected by the Board of Directors as Executive Vice President and Chief Operating Officer of Valero, effective July 20, 2023.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Gary K. Simmons, Valero’s Executive Vice President and Chief Commercial Officer, has been promoted and elected by the Board of Directors as Executive Vice President and Chief Operating Officer of Valero, effective July 20, 2023.
  • Gary has led Valero’s commercial organization since 2014 and has served as Executive Vice President and Chief Commercial Officer since January 2020.
  • In his new role as Executive Vice President and Chief Operating Officer, Gary will also have oversight responsibility for all refining operations.
  • “Gary has done a great job during his long tenure with Valero,” said Lane Riggs, Valero’s Chief Executive Officer, President and member of the Board.

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Retrieved on: 
Thursday, July 20, 2023

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.02 per share. The dividend is payable on September 5, 2023 to holders of record at the close of business on August 3, 2023.

Key Points: 

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.02 per share. The dividend is payable on September 5, 2023 to holders of record at the close of business on August 3, 2023.