Valero Energy Stock News
$382.86
1.87%
NYSE, Sep 24, 04:23 pm EDT.
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Valero Energy Stock News
Record diesel prices have been a boon for Valero and Marathon Petroleum. Now demand destruction and the threat of an export ban are creating new risks for refining stocks.
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Matt Audette has been elected as an independent director to Valero's board of directors (the “Board”) and has joined the Board's Audit Committee, effective immediately. Mr. Audette is the President and Chief Financial Officer of LPL Financial Holdings Inc. (NASDAQ: LPLA, “LPL”), a publicly traded ...
President Donald Trump is expected to convene U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran conflict ahead of November's congressional midterm elections, people familiar with the matter said.
The EPA is allowing an earlier switch to cheaper winter-grade gasoline, potentially shaving 10 to 30 cents a gallon off prices. The relief may be short-lived.
Refining is a great business, but if you've had the good fortune ride this trade this year, it's likely time to take profits.
Traders might consider taking some bullish exposure on Valero stock, by using options in this limited risk way.
Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging.
These companies increased their quarterly sales per share by at least 40% while expanding their gross profit margins and their operating margins.
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