Valero has quarterly profit versus year-earlier loss
(Reuters) - Valero Energy Corp (VLO.N) on Tuesday reported a first-quarter profit compared with a year-earlier loss, as the U.S. refining company's margins benefited from processing cheaper domestic crude oil.
Valero, based in San Antonio, had a profit of $654 million, or $1.18 per share, compared with a loss of $432 million, or 78 cents a year before, when the company took a charge related to its plant in Aruba.
(Reporting by Anna Driver; Editing by Gerald E. McCormick)
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video