Valero's Refining Segment Brings Strong Earnings

October 26, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) posted strong quarterly financial results thanks to its Refining segment, which brought in operating income of $3.8 billion in the quarter, compared with $835 million for the third quarter of 2021. While the company continues to make improvements and additions to its traditional refineries, Valero, like other energy companies, also is pursuing "greener" endeavors such as renewable diesel.