Buffeted by tariffs and sanctions decisions as well as limited access to heavier crudes, Valero’s (VLO) first-quarter results fell well below those of a year ago. Now, with a reduced stock price, strong dividend yield, good capital program, ethanol and renewable diesel segment expansions, and capable operations, this company represents a bargain for investors.
Brief Company Summary
Valero is an independent oil refiner and marketer, one of the world’s largest, along with Marathon Petroleum Corporation (MPC). Headquartered in San Antonio, Texas, the company employs 10,260 people full-time. Its other two, smaller,