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Valero Energy Reports Third Quarter 2019 Results

Gasoil News - Published on Mon, 04 Nov 2019

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Valero Energy Corporation has reported net income attributable to Valero stockholders of S609 million for the third quarter of 2019 compared to S856 million, or S2.01 per share, for the third quarter of 2018. Mr Joe Gorder, Valero Chairman, President and Chief Executive Officer, said “We delivered another quarter of solid financial results despite challenging market conditions. Our simple strategy of striving to be the best operator in the business, investing to drive earnings growth with lower volatility and maintaining capital discipline with an uncompromising focus on shareholder returns has proven to be successful and positions us well for any market environment.”

Highlights

Reported net income attributable to Valero stockholders of S609 million, or $1.48 per share

Invested S525 million of capital and completed the Central Texas Pipelines and Terminals project.

Valero’s Diamond Green Diesel joint venture announced an advanced engineering and development cost review for a potential new renewable diesel plant at Valero’s refinery in Port Arthur, Texas.

Returned $679 million in cash to stockholders through dividends and stock buybacks

Source :

Posted By : Rabi Wangkhem on Mon, 04 Nov 2019
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