Valero Energy Corp
VLO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$959.00 | Hyzczxq | Xbtrmcsgj |
Valero Turns in Another Set of Strong Results in Q3; Debt Reduced Further; Outlook Remains Favorable
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.