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Valero's Refining, Ethanol Segments Shine in Fourth-Quarter 2021

Valero's Refining, Ethanol Segments Shine in Fourth-Quarter 2021

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 768 Words

SUGAR LAND--January 28, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Refiner and alternative fuels producer Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) had a strong fourth-quarter 2021, and the company seems to have put its $1.8 billion in 2021 capital investments to good use. Operating incomes across all three of the company's major segments, Refining, Renewable Diesel and Ethanol, were up for the quarter compared with the fourth quarter of last year. Valero reported net income of $1 billion for fourth-quarter 2021, compared with a net loss of $359 million for the corresponding period of 2020.

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