Valero Energy Corp

VLO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$624.00	Cpjtdx	Kkfwkjzm

Valero Turns in Another Set of Strong Results in Q3; Debt Reduced Further; Outlook Remains Favorable

Allen Good

Oct 25, 2022

Valero reported third-quarter earnings that once again exceed already high market expectations as it continued to capitalize on a favorable refining market, driven by continued strong distillate margins and widened crude spreads. Adjusted earnings increased to $2.8 billion during the first quarter from $545 million the year before.

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