Refiner Valero Earnings Smash Estimates with Record Refinery Throughput

San Antonio, Texas based refiner Valero Energy reported better than expected third-quarter results Tuesday before the open. Valero higher throughput margin utilization rate of 95% in the reported quarter, compared with last year’s 91%. VLO refineries have operated this year at record levels boosted by demand for fuel and refined products from both domestic and global export demand since Russia’s invasion of Ukraine. Other major refiners, including Marathon Petroleum (MPC) and Phillips 66 (PSX), report in coming weeks. Valero Energy … Continue reading “Refiner Valero Earnings Smash Estimates with Record Refinery Throughput”