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Valero has quarterly profit versus year-earlier loss
April 30, 2013 / 12:05 PM / 5 years ago

Valero has quarterly profit versus year-earlier loss

April 30 (Reuters) - Valero Energy Corp 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.

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