Valero Energy reported an excellent result with revenues and earnings well above Wall Street expectations as the company maximized the refining rates. The refinery utilization rate of the company increased in the quarter and the refining margins were reinforced by sustained energy cost advantage for the U.S. refineries, low product inventories, and strength in product demand. Because of the pent-up demand for travel and the summer driving season, the demand for products has been strong. The etha ....
26 Sep 2022
Valero Energy: New Storage Terminal For Mexico & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
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Valero Energy: New Storage Terminal For Mexico & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (09/22)
- Published:
26 Sep 2022 -
Author:
Ishan Majumdar -
Pages:
27
Valero Energy reported an excellent result with revenues and earnings well above Wall Street expectations as the company maximized the refining rates. The refinery utilization rate of the company increased in the quarter and the refining margins were reinforced by sustained energy cost advantage for the U.S. refineries, low product inventories, and strength in product demand. Because of the pent-up demand for travel and the summer driving season, the demand for products has been strong. The etha ....