VLO News and Press, Valero Energy Corporation From 05/12/23

2023-05-12 12:08:18 ET Summary Valero shares are in a downtrend as a result of economic weakness and accelerating global refinery supply. The good news is that Valero's business continues to be strong. Volumes and margins are high and new investments expand long-term growth potent...

2023-05-12 08:25:39 ET This week's dividend activity included an increased payout from Taiwan Semiconductor Manufacturing ( TSM ), Cardinal Health ( CAH ), as well as declarations from names like the Carlyle Group ( CG ) and Kohl’s ( KSS ). Meanwhile, looking ahea...

2023-05-09 17:33:07 ET Valero Energy ( NYSE: VLO ) declares $1.02/share quarterly dividend , in line with previous. Forward yield 3.76% Payable June 22; for shareholders of record May 23; ex-div May 22. See VLO Dividend Scorecard, Yield Chart, & Divi...

2023-05-09 14:11:53 ET Summary Delek US Holdings, Inc. reported very strong Q1 earnings results, driven by large crack spreads that caused significant cash flows. The demand for refined products is showing weakness and crack spreads are currently predicted to decline over the rema...

2023-05-09 07:00:28 ET Valero Energy said Tuesday that Chairman and CEO Joseph Gorder will retire from the CEO role and has been elected as Executive Chairman, both effective June 30. Current President and COO Lane Riggs will become Valero's ( NYSE: VLO ) new CEO and join th...

Joseph W. Gorder to Retire as CEO; Will Remain as Executive Chairman R. Lane Riggs to Assume CEO Position and Become Director Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Joseph W. Gorder, Valero’s Chief Executive Officer and Chairman...

2023-05-04 18:21:06 ET Norway's $1.4T sovereign wealth fund said Thursday it will vote for a shareholder resolution calling on Valero Energy ( NYSE: VLO ) to release short-, medium- and long-term reduction targets for greenhouse gas emissions. "Sustainability disclosures should ...

2023-05-03 15:57:29 ET Phillips 66 ( NYSE: PSX ) +2% in Wednesday's trading after easily beating Q1 adjusted earnings estimates, boosted by strong margins from sustained fuel demand and tight crude supplies. Q1 net income improved to $1.96B, or $4.20/share, from $1.88B i...

2023-05-02 11:26:27 ET Summary Phillips 66's Chemicals Segment is frequently overlooked due to its bigger Refining & Midstream Segments. Today, I'll discuss why PSX's Chemicals Segment is so important for shareholders. PSX's Chemicals Segment primarily consists of a 50/50 join...

2023-05-01 08:33:59 ET A stronger-than expected earnings season is bolstering belief that an EPS recovery can arrive in the second half of the year, but at the same time leading macro data have slowed, according to Morgan Stanley strategist Mike Wilson. Late last week, concerns about ...