High Margins Give Boost to Valero Results

High Margins Give Boost to Valero Results

High Margins Give Boost to Valero Results

July 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Refiner and alternative fuels producer Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) quadrupled year-over-year refining margins in the recently completed second quarter of 2022, setting the company up for reported quarterly income of $4.7 billion, compared with $162 million in the second quarter of 2021. Valero reported a second-quarter refining margin of $8.09 billion, compared with $2.05 billion in the prior-year quarter. The company's Refining segment shown the brightest of the company's three operating segments during the quarter, with Ethanol and Renewable Diesel segments' incomes lagging behind.

Subscribe Now!(All Fields Required)

Subscription Type:

  • Pay-Per-Article - $5.95
  • Annual Premium News Subscription - $365.00
Pricing Help?