Valero Energy Corp. announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero's Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic alternatives for its remaining operations in California. "We understand the impact that this may have on our [...]
Valero Energy Corp. announced today that it will host a conference call on April 24, 2025 at 10:00 a.m. ET to discuss first quarter 2025 results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its [...]
Valero Energy Corp. announced today that it has priced a public offering of $650,000,000 aggregate principal amount of 5.150% Senior Notes due 2030 . The offering is expected to close on February 7, 2025, subject to customary closing conditions. Valero intends to use the net proceeds from the offering for general corporate purposes, including the repayment, repurchase, or redemption of its outstanding 3.650% Senior Notes [...]
Valero Energy Corporation today reported net income attributable to Valero stockholders of $281 million, or $0.88 per share, for the fourth quarter of 2024, compared to $1.2 billion, or $3.55 per share, for the fourth quarter of 2023. Excluding the adjustment shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $207 million, or $0.64 per share, for the fourth [...]
The Board of Directors of Valero Energy Corp. has approved an increase in the company's regular quarterly cash dividend on common stock from $1.07 per share to $1.13 per share. The dividend is payable on March 3, 2025 to holders of record at the close of business on January 30, 2025. The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $4.52 per share. As a reminder, Valero [...]
Darling Ingredients Inc. , the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that Avfuel Corporation, the leading independent supplier of aviation fuel and services, took the first delivery of sustainable aviation fuel produced by Diamond Green Diesel , a 50/50 joint venture between Darling Ingredients and Valero Energy Corp. . Naples Aviation [...]
Valero Energy Corp. announced today that it will host a conference call on January 30, 2025 at 10:00 a.m. ET to discuss 2024 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero [...]
Valero Energy Corp. today announced that Joseph W. Gorder has chosen to retire as Executive Chairman and as a member of the Board effective as of the close of business on December 31, 2024. R. Lane Riggs, Valero's Chief Executive Officer and President, and member of the Board, has also been elected to the additional position of Chairman of the Board effective as of such date. Mr. Gorder retired as Valero's CEO effective [...]
The Board of Directors of Valero Energy Corp. has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on December 20, 2024 to holders of record at the close of business on November 20, 2024. About Valero Valero Energy Corporation, through its subsidiaries , is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and [...]
Valero Energy Corporation today reported net income attributable to Valero stockholders of $364 million, or $1.14 per share, for the third quarter of 2024, compared to $2.6 billion, or $7.49 per share, for the third quarter of 2023. Refining The Refining segment reported operating income of $565 million for the third quarter of 2024, compared to $3.4 billion for the third quarter of 2023. Refining throughput volumes [...]
Darling Ingredients Inc. , the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel will provide supply of neat sustainable aviation fuel , to be blended with conventional jet fuel, for delivery to Chicago Midway International Airport . As part of the two-year supply agreement between Valero Marketing and [...]
Darling Ingredients Inc. , the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel will provide the first regular supply of sustainable aviation fuel to Florida through an agreement between World Fuel and DHL Express. Under the terms of the agreement, World Fuel Services , a World Kinect Company will [...]
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