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Valero Energy Says Co's Export Demand Has Returned To Pre-Pandemic Levels
Valero Energy Posts Q3 Adjusted Earnings Per Share $1.22
DGD Plant At Port Arthur Refinery To Start Ops In First Half Of 2023: Valero
Valero Energy Corporation (Valero) is an is an international manufacturer and marketer of transportation fuels and petrochemical products. The Company's segments include refining, renewable diesel, and ethanol. The refining segment includes the operations of its petroleum refineries, the associated marketing activities, and logistics assets that support its refining operations. The renewable diesel segment sells renewable diesel to the refining segment. The ethanol segment includes the operations of its ethanol plants, the associated marketing activities, and logistics assets that support its ethanol operations. The Company’s petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. It is also a joint venture partner in Diamond Green Diesel (DGD), which owns and operates a renewable diesel plant in Norco, Louisiana.
Oil & Gas Operations
PO Box 696000
SAN ANTONIO, TX
Joseph W. Gorder
Chairman of the Board, Chief Executive Officer
R. Lane Riggs
President, Chief Operating Officer
Jason W. Fraser
Chief Financial Officer, Executive Vice President
Gary K. Simmons
Executive Vice President, Chief Commercial Officer
Cheryl L. Thomas
Senior Vice President, Chief Technology Officer
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Independent U.S. crude oil refiner Valero Energy Corp plans to run its 14 refineries at between 88% and 92% of their combined capacity of 3.2 million barrels per day (bpd) in the fourth quarter, company executive said on Thursday.
Valero Energy Corp predicted on Thursday low inventories and a recovery in fuel demand to pre-pandemic levels could support higher refining margins, shrugging off a recent rally in crude prices.
Valero Energy Corp on Thursday posted a quarterly profit, compared with a year-ago loss, as a strong rebound in gasoline demand helped the refiner tide over pressure from soaring crude costs.
Valero Energy Corp sued the federal government on Tuesday in San Antonio, Texas, federal court, demanding a refund of about $400 million in federal income taxes the refiner says it overpaid.
Valero Energy Corp is requiring new employees at Texas and Louisiana refineries to be vaccinated against COVID-19 by Oct. 1, said people familiar with the matter.
Royal Dutch Shell is considering making it mandatory for workers in some operations to get COVID-19 vaccinations or risk being fired, an internal company document seen by Reuters shows.
(Corrects to show LOOP ownership includes Royal Dutch Shell, not Phillips 66, in paragraph 2)
The second-largest U.S. oil refiner will require newly hired workers in Texas and Louisiana to be vaccinated against COVID-19 as a condition of employment, six people familiar with the matter said on Friday.
Independent U.S. refiner Valero Energy Corp told newly hired refinery operators in Texas and Louisiana they must get vaccinations against COVID-19 as a condition of employment, people familiar with the company's new policy said on Friday.
U.S. refiners Valero Energy Corp and PBF Energy Inc reported results that surpassed analysts' expectations, as they benefited from a rebound in fuel demand due to an easing in COVID-19-related travel curbs.
Valero Energy Corp said on Thursday its adjusted profit rose in the second quarter from the previous three-month period, as fuel consumption improved with the easing of coronavirus-related travel restrictions.
Multiple units were shut at Valero Energy Corp's 89,000 barrel-per-day (bpd) Three Rivers, Texas, refinery by Tuesday morning, said energy industry intelligence service Wood Mackenzie.
U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast.
Valero Energy chartered an oil products' tanker for storage in the U.S. Gulf Coast on Friday amid a cyber attack that shut the Colonial pipeline, the biggest U.S. fuel pipeline, two sources familiar with the matter said on Sunday.
Valero Energy chartered an oil products tanker for storage in the Gulf Coast on Friday amid a cyber attack that shut the Colonial pipeline, the biggest U.S. fuel pipeline, two sources familiar with the matter said on Sunday.
Used cooking oil, a feedstock fueling America's renewable diesel boom, is running in short supply, according to U.S. refiner Valero.
U.S. refiner Valero Energy Corp's top boss said on Thursday he expected fuel consumption to benefit from pent-up demand for travel in the summer, shrugging off a larger quarterly loss wrought by a winter storm that hit its Texas operations.
Valero Energy Corp, the second largest U.S. crude oil refiner, plans to operate its 14 refineries up to 89% of their combined total throughput capacity of 3.15 million barrels per day (bpd) during the second quarter of 2021, a company executive said on Thursday.
Valero Energy Corp's refineries in the U.S. Mid-West and Gulf Coast sustained "no significant mechanical damage" from the winter storm that started on Feb. 14, said Chief Executive Joe Gorder on Thursday.
Valero Energy Corp said on Thursday its loss widened in the first quarter from the previous three months as a severe winter storm in Texas in February impacted the U.S. refiner's operations.
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