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Valero Energy Corp VLO

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Morningstar’s Analysis

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Valero Results Continue to Strengthen Against Favorable Refining Backdrop

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Valero reported substantially better refining margins and adjusted earnings of $500 million for the third quarter as it continues to build on its improved results of the previous quarter and the net adjusted loss of $472 million the year before.

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Company Profile

Business Description

Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.

Contact
One Valero Way
San Antonio, TX, 78249
T +1 210 345-2000
Sector Energy
Industry Oil & Gas Refining & Marketing
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 9,964

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