Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, product supply and distribution, and transportation operations. This segment produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and ...
One Valero Way
San Antonio, TX 78249
Founded in 1955
Valero Energy Seeks Acquisitions
Oct 30 15
Valero Energy Partners LP (NYSE:VLP) reported significantly higher net income and revenue in the third quarter of 2015, fed by acquisitions of logistics assets it purchased from Valero Energy Corporation (NYSE:VLO). Executives for both companies have said that the partnership's goal for acquisitions for 2016 is at least another $1 billion in assets. Valero Partners’ units closed at $49.99 on October 28, 2015 up $3.46 a unit, after its results were released.
Valero Energy Corporation Announces Increased Quarterly Cash Dividend, Payable on December 17, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Capital Expenditure Guidance for the Full Year of 2015 and 2016
Oct 28 15
Valero Energy Corporation announced that its board of directors approved a 25% increase in the regular quarterly cash dividend on common stock from $0.40 per share to $0.50 per share, effective with the quarterly dividend payable on December 17, 2015 to holders of record at the close of business on November 23, 2015. The increase in the dividend raises the company's annualized cash dividend to $2.00 per share.
The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenues of $22,579 million compared to $34,408 million a year ago. Operating income was $2,139 million compared to $1,670 million a year ago. Income from continuing operations before income tax expense was $2,030 million compared to $1,583 million a year ago. Income from continuing operations was $1,373 million compared to $1,062 million a year ago. Net income attributable to the company’s stockholders from continuing operations was $1,377 million compared to $1,059 million a year ago. Basic and diluted earnings per share were $2.79 compared to $2.00 per diluted share a year ago.
For the nine months, the company reported operating revenues of $69,027 million compared to $102,985 million a year ago. Operating income was $5,712 million compared to $4,106 million a year ago. Income from continuing operations before income tax expense was $5,421 million compared to $3,848 million a year ago. Income from continuing operations was $3,706 million compared to $2,555 million a year ago. Net income attributable to the company’s stockholders from continuing operations was $3,692 million compared to $2,539 million a year ago. Diluted earnings per share were $7.30 compared to $4.64 per diluted share a year ago.
For the period’s, the company’s Capital expenditures are expected to be within prior guidance of approximately $2.65 billion for 2015 and consistent with prior guidance for 2016 at approximately $2.4 billion. These estimates exclude the St. Charles methanol project that remains under evaluation.
Valero Energy Corporation to Report Q3, 2015 Results on Oct 28, 2015
Sep 24 15
Valero Energy Corporation announced that they will report Q3, 2015 results at 11:00 AM, US Eastern Standard Time on Oct 28, 2015