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Top related persons:
Mike Blake - 1 Lane Riggs - 1 Valero - 1 refiners - 1 TD Cowen - 1 Jason Gabelman - 1 Arunima Kumar - 1 Sriraj - 1
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Valero Encinitas , California U.S Saudi Arabia Russia Green Diesel Port Arthur U.S . East Coast San Antonio , Texas
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Valero Energy Corporation - 1 REUTERS - 1 Companies Valero Energy Corp - 1 Refiner Valero Energy - 1 Valero - 1 Green Diesel - 1 U.S . - 1 Thomson - 1

Search resuls for: "Companies Valero Energy Corp"


4 mentions found


☆ Valero tops profit estimates in strong start to U.S. refiner earnings
  + stars: | 2023-10-26 | by ( Arunima Kumar | ) www.reuters.com   time to read: +2 min
The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Valero Energy Corp FollowOct 26 (Reuters) - Refiner Valero Energy (VLO.N) beat analysts' estimates for third-quarter profit on Thursday, powered by sustained fuel and refined products demand against the backdrop of tight supplies. For the current quarter, Valero expects refining throughput between 2.93 million and 3.04 million bpd. The Diamond Green Diesel Port Arthur plant, which started up in the fourth quarter of 2022, boosted the sales volumes, Valero said. The 3-2-1 crack spread, a proxy for refining margins, fell around 35% during the July-September quarter.
Persons: Mike Blake, Lane Riggs, Valero, refiners, TD Cowen, Jason Gabelman, Arunima Kumar, Sriraj Organizations: Valero Energy Corporation, REUTERS, Companies Valero Energy Corp, Refiner Valero Energy, Valero, Green Diesel, U.S ., Thomson Locations: Valero, Encinitas , California, U.S, Saudi Arabia, Russia, Green Diesel Port Arthur, U.S . East Coast, San Antonio , Texas, Bengaluru
☆ Valero responds to fire at Corpus Christi, Texas, refinery
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
Companies Valero Energy Corp FollowMay 17 (Reuters) - Valero Energy Corp (VLO.N) said crews are responding to a fire on Wednesday within its 290,000 barrel-per-day Corpus Christi West refinery in Texas. "This morning, a fire occurred at Valero's West Plant refinery. Most of the motor fuels made at the refinery comes from the West Plant. The Bill Greehey refinery East and West plants are located along the Corpus Christi ship channel and the East refinery processes sour crude, while the West plant processes sweet and sour crude and residual fuel oil, according to the refinery website. Community air monitoring indicated there were no offsite concerns, Valero's Schroeder said and the City of Corpus Christi posted on its website.
☆ Valero Energy CEO Joseph Gorder to step down, insider Riggs to succeed
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: 1 min
Companies Valero Energy Corp FollowMay 9 (Reuters) - U.S. refiner Valero Energy Corp (VLO.N) said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has led Valero as CEO since May 1, 2014 and served as chairman of the board since Dec. 31, 2014. Gorder will remain as executive chairman, the company said. Riggs has been with Valero since 1989 and held several leadership positions in the company including overseeing refining operations, crude and feedstock supply, and planning and economics. He also served on the board of Valero Energy Partners GP LLC from 2014 to 2019.
☆ Valero profit beats estimates on higher fuel demand, tight supplies
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +1 min
[1/2] The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File PhotoCompanies Valero Energy Corp FollowJan 26 (Reuters) - Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner's best year on record, boosted by higher demand for fuel and healthy refining margins as crude supplies remained tight. U.S. refineries operated at record levels last year, aided by a quick recovery in domestic sales and strong exports demand following Russia's invasion of Ukraine. Valero refineries operated at 97% capacity utilization rate in the fourth quarter, the highest since 2018. Valero Energy, the second-largest U.S. refiner by capacity, said quarterly refining throughput volumes averaged 3.04 million barrels per day (bpd), slightly above the year-ago quarter.
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