Valero Grows Net Income Despite Lower Refining Margins

SUGAR LAND--October 26, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) reported third-quarter 2018 net income of $856 million, compared with $841 million in third-quarter 2017. The increase in income comes despite an earnings drop in the company's refining segment due to lower gasoline and secondary products margins from $1.4 billion in 2017 to $1.3 billion in 2018. Valero is progressing with a range of capital projects and investments. Capital investments in the third quarter totaled $604 million. Within this article: Details of project by Valero and others Other companies featured: Plains All American Pipeline (NYSE:PAA), Magellan Midstream Partners LP (NYSE:MMP)