United States

Valero Energy Corp (VLO.N)

VLO.N on New York Stock Exchange

26 Jul 2017
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$-0.45 (-0.66%)
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Latest Key Developments (Source: Significant Developments)

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

Some of world's top 500 companies cutting emissions-report
Monday, 27 Jun 2016 01:09pm EDT 

Some of the world's 500 largest companies are beginning to cut heat-trapping emissions while raising revenues, but as a whole are well below the UN science panel guidance on avoiding the worst effects of climate change, a report released Monday said. : Global 500 as a whole is still about 6.5 percent below where it needs to be to meet the UN's Intergovernmental Panel on Climate Change guidance on emissions. . Twenty-six companies in the Global 500 with greenhouse gas footprints of more than 10 million tons reported emissions falling by more than 8 percent from 2010 to 2015. Companies the report said reduced emissions include Valero Energy Corp Dominion Resources and SSE Plc . . The Global 500 are "still in the hole and every day the hole is getting bigger, but there's some indication that they're starting to decouple their growth from emissions," Timothy Nixon, director of sustainability at Thomson Reuters and a co-author of the report, said about the companies. -Source: http://tmsnrt.rs/28YHeD0 (Reporting by Timothy Gardner) ((timothy.gardner@thomsonreuters.com; +1 202 898-8360)(Twitter @timogard)(; Reuters Messaging: timothy.gardner.thomsonreuters.com@reuters.net)) Keywords: CARBON REPORT/BRIEF.  Full Article

Valero Houston, Texas refinery reports upset, reduction in production
Wednesday, 25 May 2016 11:42am EDT 

Valero Energy Corp : Valero Houston, Texas refinery reports upset, emissions. . Valero Houston, Texas refinery reports upset occurred within the refinery resulting in excess emissions from the flare and sulfur unit at the facility. . Valero Houston, Texas refinery reports production was reduced and the sulfur unit was safely de-pressured to the flare during the upset to minimize emissions. Source: Texas Commission on Environmental Quality filing [nEMN45TB8C] Refinery capacity: 100,000 barrels per day (Reporting by Harshith Aranya in Bengaluru) ((Harshith.Aranya@thomsonreuters.com; Within U.S. +1 651 848 5832, Outside U.S. +91 80 6749 8403/1298; Reuters Messaging: harshith.aranya.thomsonreuters.com@reuters.net)).  Full Article

Valero energy sets qtrly cash dividend of 60 cents/shr
Thursday, 12 May 2016 04:55pm EDT 

Valero Energy Corp : Sets regular quarterly cash dividend of $0.60per share .Valero energy corporation declares regular cash dividend on common stock.  Full Article

Valero Energy Corp refinery prepares for possible flooding - Reuters
Wednesday, 30 Dec 2015 11:40pm EST 

Valero Energy Corp:Valero Energy Corp was readying its 180,000 barrel per day (bpd) Memphis, Tennessee, refinery for possible flooding as early as this weekend, a company spokesman said on Wednesday - RTRS."We are preparing for potential flooding in the Memphis area, but we don't expect it to affect operations of our docks or our refinery," spokesman Steven Lee said - RTRS.Heavy floods that shut a 76-mile (122-kilometer) stretch of the Mississippi River between Missouri and Illinois on Wednesday are expected to move south along the river to Memphis over the weekend - RTRS.  Full Article

Valero Energy Corp reports process upset at Port Arthur, Texas refinery - Reuters
Sunday, 13 Dec 2015 09:30pm EST 

Valero Energy Corp:Valero Energy Corp reported a process unit upset which caused flaring at its 335,000 barrels per day refinery at Port Arthur, Texas on Friday, a filing with state pollution regulators said - RTRS.The filing with Texas Commission on Environmental Quality said operations personnel responded to address the issue and minimize potential impacts - RTRS.Energy industry intelligence service Genscape on Sunday reported the shutdown of a 45,000 bpd hydrocracker at the Valero, Port Arthur refinery - RTRS.  Full Article


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.