News Formal

U.S. Refiner Valero Beats Q3 Earnings Estimates On Strong Sales

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Valero Energy reported higher-than-expected profits for the third quarter thanks to strong product demand in the United States.

Valero Energy NYSE VLO, the second largest U.S. refiner by capacity, reported on Thursday higher-than-expected profits for the third quarter of 2023, amid continued strong product demand in America. Valero booked a net income attributable to Valero stockholders of $2.6 billion, or $7.49 per share, for the third quarter of 2023. This compares to $2.8 billion, or $7.19 per share, for the third quarter of 2022. The analyst consensus had expected $7.

“Our refineries operated well and achieved 95 percent throughput capacity utilization, which is a testament to our team’s relentless focus on operational excellence,” said Lane Riggs, Valero’s Chief Executive Officer and President. “Product demand remained strong in our U.S. wholesale system, which matched the second quarter record of over 1 million barrels per day of sales volume,” Riggs added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hess Beats Q3 Earnings Estimates Ahead Of Acquisition By ChevronHess Corporation, after announcing it had agreed to be acquired by supermajor Chevron, has now beaten analyst estimates for its third quarter earnings.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Earnings DisclaimerVideogamer.com is dedicated to bringing the best gaming news guides and product recommendations possible to its readers. In order to do this, we are members of several affiliate sales networks. That means that when you click through to a retailer’s website from our site, we may receive a commission for sending you there.
Source: VideoGamerCom - 🏆 83. / 55 Read more »

ScottishPower reports earnings jump as Ofgem allows companies to recover lossesThe energy firm said it had 4.6 million customers at the end of September, unchanged from March.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

ScottishPower reports earnings jump as Ofgem allows companies to recover lossesThe energy firm said it had 4.6 million customers at the end of September, unchanged from March.
Source: Observer_Owl - 🏆 18. / 72 Read more »