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Stock impact report

Valero Energy Q4 Earnings Top Estimates Despite Lower Refining Margin [Yahoo! Finance]

Valero Energy Corporation (VLO) 
Last valero energy corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
Company Research Source: Yahoo! Finance
2 min read In This Article VLO CVX Valero Energy Corporation VLO reported better-than-expected fourth-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. However, the stock price has decreased 2.3% since its earnings release on Jan. 30. Before delving into the recently reported quarterly results, let's understand the premium refining company's business. VLO's Refining Business Valero Energy's refining operations, with 15 refineries, are spread across the United States, Canada and the United Kingdom. Considering all its refineries, the company's combined throughput capacity is 3.2 million barrels per day. VLO's adjusted refining operating income was $441 million for the quarter. Better-Than-Expected Q4 Results of VLO The refining player, carrying a Zacks Rank #3 (Hold), reported fourth-quarter adjusted earnings of 64 cents per share, surpassing the Zacks Consensus Estimate of 13 cents. The bottom line was, however, lower Show less Read more
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