VLO - Riding The Refinery Wave: Why Valero Should Be On Your Radar

2024-02-13 09:19:15 ET

Summary

• The energy sector, particularly refineries like Valero, has outperformed technology stocks in recent years.
• Valero's refining operations have achieved impressive sales volumes and mechanical availability rate.
• The company remains committed to delivering shareholder value through dividends and buybacks, supported by a strong balance sheet.

Introduction

Technology stocks have been a great place to be. I think we can all agree on that. It seems that everything tied to the current AI revolution is doing well, with stocks like NVIDIA ( NVDA ) flying higher like there's no tomorrow.

This has helped the S&P 500 to add 1,000 points between April 2021 and February 2024.

However, what's interesting is that technology was NOT the best-performing sector during this period. Nope. Energy did better, gaining more than 60%!...

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