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Valero Energy Corp (VLO.N)

VLO.N on New York Stock Exchange

87.60USD
8 Dec 2017
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$2.01 (+2.35%)
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Latest Key Developments (Source: Significant Developments)

Valero Corpus Christi, Texas refinery reports compressor emissions
Friday, 24 Nov 2017 11:31am EST 

Nov 24 (Reuters) - Valero Energy Corp ::Valero Corpus Christi, Texas refinery West plant reports faulty positioner valve providing steam to a compressor.Valero Corpus Christi, Texas refinery West plant reports replaced positioner valve.Valero Corpus Christi, Texas refinery West plant reports emissions from complex 3 compressor, main flare.  Full Article

Darling Ingredients, Valero initiate review to analyze growing annual production capacity
Tuesday, 7 Nov 2017 04:10pm EST 

Nov 7 (Reuters) - Darling Ingredients Inc :Darling Ingredients- says ‍co and Valero initiate review to analyze growing annual production capacity to 550 million gallons at DGD facility in Norco​.Darling Ingredients Inc says ‍proposed expansion would utilize existing dgd infrastructure and be built on property owned by Valero​.  Full Article

Valero Energy Q3 earnings per share $1.91
Thursday, 26 Oct 2017 06:44am EDT 

Oct 26 (Reuters) - Valero Energy Corp :Valero Energy reports third quarter 2017 results.Q3 earnings per share $1.91.Q3 earnings per share view $1.83 -- Thomson Reuters I/B/E/S.Valero Energy Corp - ‍expect diamond pipeline and wilmington cogeneration projects to start up in December​.Valero Energy Corp qtrly operating revenues of $‍​23,562 million versus $19,649 million.Valero Energy Corp - ‍Hurricane Harvey disrupted operations at five of co's refineries during quarter​.Valero Energy Corp - ‍ continues to target $2.7 billion of total capital investments this year​.Valero Energy Corp qtrly ‍refinery throughput capacity utilization was 92 percent.Valero Energy Corp qtrly ‍throughput volumes averaged 2.9 million barrels per day​.Q3 revenue view $19.03 billion -- Thomson Reuters I/B/E/S.  Full Article

Valero Energy Partners LP announces acquisitions of Port Arthur Terminal assets and Parkway Pipeline LLC for $508 mln
Thursday, 26 Oct 2017 06:43am EDT 

Oct 26 (Reuters) - Valero Energy Partners LP :Valero Energy Partners LP announces acquisitions of the Port Arthur Terminal assets and Parkway Pipeline LLC for $508 million.Valero Energy Partners LP - ‍ To finance acquisitions primarily with borrowings under revolving credit facility, cash on hand.Valero Energy Partners - ‍Newly issued units will be allocated in proportion allowing general partner to maintain 2 percent general partner interest​.Valero Energy Partners LP - ‍Upon closing partnership plans to enter into separate 10-year terminaling and transportation agreements with Valero​.Valero Energy Partners LP - ‍ To also finance acquisitions primarily with issuance of additional common units, general partner units to Valero units​.Valero Energy - ‍In first 12 mths, acquired operations expected to contribute about $24 million and $60 million of net income and EBITDA, respectively​.  Full Article

Magellan Midstream and Valero form joint venture to expand Pasadena marine terminal
Thursday, 14 Sep 2017 08:45am EDT 

Sept 14 (Reuters) - Magellan Midstream Partners LP :Magellan Midstream and Valero form joint venture to expand Pasadena marine terminal.Magellan Midstream Partners- Pasadena facility will be owned by a limited liability company that is owned 50/50 by Magellan and Valero.Magellan Midstream Partners - ‍all future expansions are expected to be owned by jointly-owned company​.Magellan Midstream Partners - ‍combined, phases 1 and 2 of Pasadena marine terminal currently estimated to cost about $820 mln.Magellan Midstream-co's incremental capital spending will be about $75 mln versus previous spending estimates of $335 mln for phase 1 of Pasadena facility​.Magellan Midstream Partners LP - ‍ Pasadena marine facility will be expanded by 4 mln barrels of storage, 3-bay truck rack, a second marine dock.  Full Article

Magellan Midstream Partners LP ‍to expand its refined petroleum products pipeline system​
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - Magellan Midstream Partners LP :Magellan Midstream Partners LP - ‍To expand its refined petroleum products pipeline system​.Magellan Midstream Partners LP - ‍Plans to build an approximately 135-mile, 16-inch pipeline from its terminal in East Houston to Hearne, Texas​.Magellan Midstream Partners LP - ‍Will own newly-constructed pipeline from East Houston to Hearne via undivided joint interest deal with Valero Energy.Magellan Midstream Partners LP - ‍Magellan will make a number of enhancements to its existing pipeline and terminal infrastructure​.Magellan Midstream Partners LP - ‍Currently expects to spend approximately $375 million for its share of the project​.  Full Article

Sempra Energy unit and Valero sign contracts for liquid fuels projects in Mexico
Thursday, 3 Aug 2017 06:34pm EDT 

Aug 3 (Reuters) - Sempra Energy :Sempra Energy's ienova unit, Valero sign contracts for liquid fuels projects in Mexico.Sempra Energy- Mexican unit signed long-term contracts with a unit of Valero Energy Corp. for storage capacity of liquid fuels marine terminal​.Sempra Energy- ‍three liquid fuels projects represent an estimated capital investment of U.S. $275 million​.  Full Article

Valero signs long-term agreements to import refined products into Central Mexico
Thursday, 3 Aug 2017 04:14pm EDT 

Aug 3 (Reuters) - Valero Energy Corp ::Valero signs long-term agreements to import refined products into central mexico.Valero Energy- unit signed long-term agreements with infraestructura energetica nova, s.a.b. De c.v. To import refined products at new port of veracruz​.Valero Energy Corp- Vvalero has contracted with ienova to use all three terminals, to supply gasoline, diesel, and jet fuel to customers​.Valero Energy - ‍marine terminal in veracruz will start operations as early as end of 2018, with two inland terminals serving customers in early 2019​.Valero Energy Corp- ‍valero will also have an option to acquire a 50 percent interest in each of terminals​.  Full Article

Valero Energy reports Q2 earnings per share $1.23
Thursday, 27 Jul 2017 06:52am EDT 

July 27 (Reuters) - Valero Energy Corp ::Valero energy reports second quarter 2017 results.Q2 earnings per share $1.23.Q2 earnings per share view $1.10 -- Thomson Reuters I/B/E/S.Valero Energy Corp - ‍expect diamond pipeline and Wilmington cogeneration projects to be complete and online by end of 2017.​.Valero Energy Corp - continues to target $2.7 billion of total capital investments this year.Valero Energy Corp says valero continues to target $2.7 billion of total capital investments this year.Qtrly operating revenues $22,254 million versus $19,584 million.Valero Energy Corp - ‍expects diamond green diesel capacity expansion to be completed in first half of 2018​.Valero Energy Corp qtrly refinery throughput capacity utilization was 96 percent, despite an external power failure at Benicia refinery.Valero Energy Corp - throughput volumes averaged 3.0 million barrels per day in Q2 of 2017, which was 192,000 barrels per day higher than Q2 of 2016.Valero Energy Corp - ‍expects Houston Alkylation unit construction to be completed in first half of 2019​.  Full Article

Valero Three Rivers, Texas refinery reports flaring on July 19
Thursday, 20 Jul 2017 10:47am EDT 

July 20 (Reuters) - Valero Energy Corp ::Valero Three Rivers, Texas refinery reports D1503 pressured up to flare on July 19.Valero Three Rivers, Texas refinery reports operators made adjustments causing flaring to cease.Valero Three Rivers, Texas refinery reports emissions from east flare gas recovery unit, FL-003.  Full Article

Valero units can sue U.S. as group over cleanup costs - ruling

Valero Energy subsidiaries seeking cleanup costs from the United States for wastes generated during World War II when their refineries were under government control can sue as a group, a federal judge in Detroit ruled.