Valero's Second-Quarter Earnings Up Despite Lower Throughput

SUGAR LAND--July 27, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Refiner Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) reported significantly higher net earnings for second-quarter 2018 of $845 million, compared with $548 million in second-quarter 2017. The earnings come despite Valero having a refining throughput that was 121,000 barrels per day (BBL/d) lower year over year, caused by maintenance in the company's Gulf Coast and North Atlantic regions. The company is investing in its transmission networks to take advantage of discounted crude oils, as well as its refineries.

Within this article: Updates about Valero's projects

Other companies featured: Plains All American Pipeline LP (NYSE:PAA)