Valero Energy Corp
VLO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$751.00 | Cdyqs | Ydmzttbtg |
Valero Earnings: Near-Term Outlook Remains Highly Favorable
Valero Energy reported first-quarter earnings that exceeded market expectations as it continued to benefit from a favorable refining market, driven by continued strong distillate margins and widened crude spreads. Adjusted earnings increased to $3.2 billion during the first quarter from $988 million the year before.