Valero Energy rises on Q2 profit beat
30/07/2026 11:40
BUZZ-Valero Energy rises on Q2 profit beat ** Shares of refiner Valero Energy VLO.N up 3% to $310 premarket
** Co beat Q2 profit est., helped by higher refining margins as tensions in the Middle East increased demand for U.S. fuel exports
** Posts adj. profit of $12.54 per share vs est. of $10.12 per share, according to data compiled by LSEG
** The company's refining segment reported adj. operating earnings of $4.4 billion, compared with $1.27 billion from a year earlier
** Its refining margin per barrel of throughput was $23.62 in the quarter, compared with $12.35 a year earlier
** As of last close, VLO up 85.1% YTD
(Reporting by Dharna Bafna in Bengaluru)