April 29, 2020 / 10:41 AM / a month ago

REFILE-Valero swings to first-quarter loss as COVID-19 erodes fuel demand

(Corrects to Wednesday from Monday in first paragraph)

April 29 (Reuters) - Independent U.S. refiner Valero Energy Corp said on Wednesday it swung to a loss in the first quarter as lockdowns to suppress the coronavirus crushed demand for its gasoline, jet fuel and other products.

Valero reported a net loss attributable to stockholders of $1.85 billion, or $4.54 per share, for the three months ended March 31, compared with a net income of $141 million, or 34 cents per share, in the year-ago period.

Reporting by Shariq Khan in Bengaluru; Editing by Devika Syamnath

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