VLO - Crack Spreads Continue To Support Valero Energy Stock

2024-04-05 11:19:22 ET

Summary

• Valero Energy is a leading U.S. oil refiner, processing petroleum into various products through a capital-intensive and profitable process.
• Crack spreads measure the price differential between crude oil and oil products and are real-time indicators of petroleum demand and refining earnings.
• Gasoline crack spreads have been trending higher, while distillate cracks have declined but remain elevated. Valero should benefit from the processing margins leading to another earnings beat.

Valero Energy ( VLO ) is a leading U.S. oil refining company. VLO’s shares have not just rallied but are nearly five and one-half times higher since the March 2020 low and were trading at a record high in early April 2024....

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