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Valero Energy Corp (VLO.N)

VLO.N on New York Stock Exchange

67.78USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Valero Three Rivers, Texas refinery reports flaring on July 19
Thursday, 20 Jul 2017 10:47am EDT 

July 20 (Reuters) - Valero Energy Corp ::Valero Three Rivers, Texas refinery reports D1503 pressured up to flare on July 19.Valero Three Rivers, Texas refinery reports operators made adjustments causing flaring to cease.Valero Three Rivers, Texas refinery reports emissions from east flare gas recovery unit, FL-003.  Full Article

Valero Energy sets regular quarterly cash dividend of $0.70 per share
Wednesday, 3 May 2017 04:22pm EDT 

May 3 (Reuters) - Valero Energy Corp :Valero Energy Corporation declares regular cash dividend on common stock.Sets regular quarterly cash dividend of $0.70per share.  Full Article

Valero Energy Q1 earnings per share $0.68
Tuesday, 25 Apr 2017 06:46am EDT 

April 25 (Reuters) - Valero Energy Corp :Valero Energy reports first quarter 2017 results.Q1 earnings per share $0.68.Q1 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.Valero Energy Corp qtrly operating revenue $21,772 million versus $15,714 million.Valero Energy Corp says exported a total of 365,000 barrels per day of gasoline and diesel during Q1.Valero Energy Corp says remains on track to invest $2.7 billion of total capital this year.Valero Energy Corp - Valero's refineries achieved 91 percent throughput capacity utilization and averaged 2.8 million barrels per day of throughput volume in Q1 2017.Valero Energy - incurred $146 million of costs to meet biofuel blending obligations, primarily from purchase of renewable identification numbers in quarter.Valero Energy - refining segment reported $647 million of operating income for Q1 of 2017, compared to $915 million for Q1 of 2016..Valero Energy - company continues to target total dividend payout ratio of at least 75 percent in 2017.Valero Energy - "U.S. Refined product inventories have declined and are within their five-year ranges".Valero Energy - ended Q1 of 2017 with $8.5 billion of total debt and $4.5 billion of cash and temporary cash investments.  Full Article

Valero Energy CEO Joseph Gorder's FY 2016 total compensation was $18.5 mln
Thursday, 23 Mar 2017 10:49am EDT 

Valero Energy Corp : CEO Joseph Gorder's FY 2016 total compensation $18.5 million versus $17.5 million in FY 2015 - sec filing .CFO Michael Ciskowski's FY 2016 total compensation $8.2 million versus $8.15 million in FY 2015.  Full Article

Valero Energy increases regular cash dividend by 17 pct
Thursday, 26 Jan 2017 04:25pm EST 

Valero Energy Corp : Increases regular cash dividend by 17 percent .Increase in company's regular quarterly cash dividend on common stock from $0.60 per share to $0.70 per share.  Full Article

Valero Energy says expects ethanol production of 3.95 mln gallons per day for Q4 - SEC filing
Wednesday, 4 Jan 2017 04:51pm EST 

Valero Energy Corp :Valero Energy - for Q416, co sees refining operating expenses per barrel throughput at $3.75 & ethanol production of 3.95 million of gallons per day - SEC filing.  Full Article

Valero Energy Q3 earnings per share $1.33
Tuesday, 25 Oct 2016 07:07am EDT 

Valero Energy Corp : Reports third quarter 2016 results . Q3 adjusted earnings per share $1.24 . Q3 earnings per share $1.33 . Q3 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Expects 2016 capital expenditures to be about $2.4 billion, $200 million lower than previous guidance . Valero's refineries achieved 95 percent throughput capacity utilization and averaged 2.9 million bpd of throughput volume in q3 of 2016 . Q3 operating revenues $19,649 million versus $22,579 million last year . Ended q3 of 2016 with $9.0 billion of total debt and $5.9 billion of cash and temporary cash investments . Incurred $198 million of costs in q3 to meet biofuel blending obligations, primarily from purchase of renewable identification numbers in u.s. .Q3 revenue view $17.01 billion -- Thomson Reuters I/B/E/S.  Full Article

Valero Energy expects to see some refinery run cuts in Q3, Q4
Tuesday, 26 Jul 2016 12:27pm EDT 

Valero Energy Corp ; : "We're not concerned with the funding of our capital program" - Conf Call . "Ultimately we are going to need a rebalancing and see lower refinery utilization moving forward" - Conf Call . "I do believe that you will see some refinery run cuts as we head into Q3, Q4" - Conf Call . "Quite comfortable with sustainability of our current dividend and also payout target of at least 75 percent of net income" - Conf Call . "We have no change to the strategy to grow our LP primarily through drop-downs"- Conf Call Further company coverage: [VLO.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Valero Energy says fully recovered from Canada wildfires so far
Tuesday, 26 Jul 2016 12:19pm EDT 

Valero Energy Corp : On Canada wildfires - "We fully recovered from those fires so far" - Conf Call Further company coverage: [VLO.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Valero acquires 100 percent ownership of Parkway Pipeline
Tuesday, 12 Jul 2016 04:43pm EDT 

Valero Energy Corp : Valero acquires 100 percent ownership of Parkway Pipeline . Valero funded acquisition with cash . Bought remaining 50 percent membership interest in Parkway Pipeline Llc from a wholly owned subsidiary of Kinder Morgan . Parkway pipeline separately executed a connection agreement with colonial pipeline co. . Parkway pipeline will construct, own, and operate a new lateral segment to connect pipeline to colonial pipeline system near Collins .Valero energy partners lp has a right of first offer to acquire valero's initial 50 percent interest in parkway pipeline.  Full Article

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Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

HOUSTON/WASHINGTON The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.