Valero Energy Corp

VLO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$151.00	Sffvssd	Vcrkpmjyr

Valero Realizes Debt Target in Q4; Shares Look Overvalued but Supported by Near-Term Earnings

Allen Good

Jan 27, 2023

Valero reported fourth-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 to $988 million the year before.

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