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Valero Energy Corp (VLO)

VLO on New York Consolidated

49.88USD
22 Jul 2016
Change (% chg)

$-0.19 (-0.38%)
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Latest Key Developments (Source: Significant Developments)

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

Valero Energy Corp says $2.9 bln available for stock repurchases going forward
Monday, 13 Jul 2015 04:55pm EDT 

Valero Energy Corp:Declared a regular quarterly cash dividend on the company's common stock of $0.40 per share.Payable on Sept. 02 to holders of record at the close of business on Aug. 04.Board also approved an incremental $2.5 billion share repurchase authorization.Valero has approximately $400 million of repurchase authority available under its previously announced buyback authorization, giving it $2.9 billion available for stock repurchases going forward.  Full Article

Valero Energy Corporation declares regular cash dividend
Thursday, 30 Apr 2015 09:26am EDT 

Valero Energy Corporation:Says it has declared a regular quarterly cash dividend on the company's common stock of $0.40 per share.The dividend is payable on June 10, to holders of record at the close of business on May 13.  Full Article

Valero Energy Corporation announces pricing of notes offering
Tuesday, 10 Mar 2015 06:17pm EDT 

Valero Energy Corporation:Prices a public offering of $600 mln aggregate principal amount of 3.65 pct senior notes due 2025 and $650 mln aggregate principal amount of 4.90 pct senior notes due 2045.Offering is expected to close on March 13, subject to customary closing conditions.Intends to use the net proceeds for general corporate purposes.Citigroup Global Markets Inc., Barclays Capital Inc., Mitsubishi UFJ Securities (USA), Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Mizuho Securities USA Inc. acted as joint book-running managers for 2025 notes.Citigroup Global Markets Inc., Barclays Capital Inc., Mitsubishi UFJ Securities (USA), Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC acted as joint book-running managers for the 2045 notes.  Full Article

Valero Energy Partners LP announces acquisition of certain Valero Energy Corporation terminaling businesses for $671 mln
Friday, 27 Feb 2015 12:20pm EST 

Valero Energy Partners LP:Acquires certain businesses from subsidiaries of Valero Energy Corporation.Says in the transaction, it will receive the outstanding membership interests in Valero Partners Houston, LLC and Valero Partners Louisiana, LLC for total consideration of about $671 million.Says transaction is expected to be immediately accretive to the Partnership and its unitholders and is expected to close effective March 1.  Full Article

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Valero buys out partner in Louisiana-Mississippi pipeline

Valero Energy Corp said on Tuesday it bought Kinder Morgan Inc's 50 percent stake in Parkway Pipeline LLC, previously a joint venture between the two companies.