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Valero Energy (VLO) is a global manufacturer and marketer of fuels, petrochemical speciality products and power. Through its subsidiaries, the company produces gasoline, diesel, jet fuel and renewables, asphalt, propane, sulfur, solvents, natural gas liquids and more. Valero Energy owns 15 petroleum refineries, 11 ethanol plants and a 50-megawatt wind farm. Valero Energy distributes its products via more than 7,500 branded wholesale sites in 44 US states, Canada, the UK, Ireland and the Caribbean. The company was incorporated on 8 June 1981 and is based in San Antonio, Texas. Valero Energy is listed on the New York Stock Exchange (NYSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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