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Valero Energy Corp (VLO.N)

VLO.N on New York Stock Exchange

96.15USD
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Valero Energy Sees FY 2017 Capital Expenditures $2,400 Mln
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Valero Energy Corp ::VALERO ENERGY SAYS SEES FY 2017 CAPITAL EXPENDITURES $2,400 MILLION .  Full Article

Valero Corpus Christi, Texas refinery reports compressor emissions
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Valero Energy Corp ::Valero Corpus Christi, Texas refinery West plant reports faulty positioner valve providing steam to a compressor.Valero Corpus Christi, Texas refinery West plant reports replaced positioner valve.Valero Corpus Christi, Texas refinery West plant reports emissions from complex 3 compressor, main flare.  Full Article

Darling Ingredients, Valero initiate review to analyze growing annual production capacity
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Darling Ingredients Inc :Darling Ingredients- says ‍co and Valero initiate review to analyze growing annual production capacity to 550 million gallons at DGD facility in Norco​.Darling Ingredients Inc says ‍proposed expansion would utilize existing dgd infrastructure and be built on property owned by Valero​.  Full Article

Valero Energy Q3 earnings per share $1.91
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Valero Energy Corp :Valero Energy reports third quarter 2017 results.Q3 earnings per share $1.91.Q3 earnings per share view $1.83 -- Thomson Reuters I/B/E/S.Valero Energy Corp - ‍expect diamond pipeline and wilmington cogeneration projects to start up in December​.Valero Energy Corp qtrly operating revenues of $‍​23,562 million versus $19,649 million.Valero Energy Corp - ‍Hurricane Harvey disrupted operations at five of co's refineries during quarter​.Valero Energy Corp - ‍ continues to target $2.7 billion of total capital investments this year​.Valero Energy Corp qtrly ‍refinery throughput capacity utilization was 92 percent.Valero Energy Corp qtrly ‍throughput volumes averaged 2.9 million barrels per day​.Q3 revenue view $19.03 billion -- Thomson Reuters I/B/E/S.  Full Article

Valero Energy Partners LP announces acquisitions of Port Arthur Terminal assets and Parkway Pipeline LLC for $508 mln
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Valero Energy Partners LP :Valero Energy Partners LP announces acquisitions of the Port Arthur Terminal assets and Parkway Pipeline LLC for $508 million.Valero Energy Partners LP - ‍ To finance acquisitions primarily with borrowings under revolving credit facility, cash on hand.Valero Energy Partners - ‍Newly issued units will be allocated in proportion allowing general partner to maintain 2 percent general partner interest​.Valero Energy Partners LP - ‍Upon closing partnership plans to enter into separate 10-year terminaling and transportation agreements with Valero​.Valero Energy Partners LP - ‍ To also finance acquisitions primarily with issuance of additional common units, general partner units to Valero units​.Valero Energy - ‍In first 12 mths, acquired operations expected to contribute about $24 million and $60 million of net income and EBITDA, respectively​.  Full Article

Valero's McKee, Texas refinery reports ESP maintenance
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - Valero Energy Corp ::McKee, Texas refinery reports planned maintenance (on Sept. 21).McKee refinery reports maintenance associated with fluid catalytic cracking unit (FCC) ESP (electrostatic precipitator).McKee refinery reports work to replace a failed electrical breaker on the ESP."The maintenance requires the short-term electrical isolation of the ESP to safely allow personnel to perform essential work to ensure the reliable operation of the FCCU and avoid potentially significant flaring and opacity emissions otherwise associated with a full FCCU shutdown," the filing with the state regulator said. nEMN3HDWS9.Refinery capacity: 195,000 barrels per day.Related: Valero reports emissions due to breaker trip at McKee refinery nEMN36EJ9O.  Full Article

Valero- fire occurred in a heavy oil tank at Port Arthur refinery
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Valero Energy Corp ::Valero says at about 11:50 a.m. (local time) on Sept. 19, a fire in a heavy oil tank occurred at its Port Arthur, Texas refinery.Valero says emergency crews have responded to fire and Port Arthur Fire Department is assisting the Valero Fire Department.Valero says no reported injuries and all employees have been accounted.Valero says a shelter in place for nearby residents is in place as a precautionary measure. .  Full Article

Shelter-in-place after fire at Valero's Port Arthur plant - alert
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Valero ::the Port Arthur Fire Department is assisting with a fire at the Valero plant .the department is asking citizens who live on the west side of Port Arthur to shelter in place until advised.  Full Article

Valero Energy Q3 earnings per share $1.33
Tuesday, 25 Oct 2016 

Valero Energy Corp : Reports third quarter 2016 results . Q3 adjusted earnings per share $1.24 . Q3 earnings per share $1.33 . Q3 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Expects 2016 capital expenditures to be about $2.4 billion, $200 million lower than previous guidance . Valero's refineries achieved 95 percent throughput capacity utilization and averaged 2.9 million bpd of throughput volume in q3 of 2016 . Q3 operating revenues $19,649 million versus $22,579 million last year . Ended q3 of 2016 with $9.0 billion of total debt and $5.9 billion of cash and temporary cash investments . Incurred $198 million of costs in q3 to meet biofuel blending obligations, primarily from purchase of renewable identification numbers in u.s. .Q3 revenue view $17.01 billion -- Thomson Reuters I/B/E/S.  Full Article

Valero Energy expects to see some refinery run cuts in Q3, Q4
Tuesday, 26 Jul 2016 

Valero Energy Corp ; : "We're not concerned with the funding of our capital program" - Conf Call . "Ultimately we are going to need a rebalancing and see lower refinery utilization moving forward" - Conf Call . "I do believe that you will see some refinery run cuts as we head into Q3, Q4" - Conf Call . "Quite comfortable with sustainability of our current dividend and also payout target of at least 75 percent of net income" - Conf Call . "We have no change to the strategy to grow our LP primarily through drop-downs"- Conf Call Further company coverage: [VLO.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Venezuela's crude sales to the U.S. fell below 600,000 bpd in 2017

HOUSTON, Jan 11 Venezuela's crude oil sales to the United States fell for a second month in a row in December, knocking the year's average to 593,047 barrels per day (bpd), the lowest annual level since 1991, according to Thomson Reuters trade flows data. A severe production drop in the South American country has hurt its oil exports and domestic refining, and worsened an economic recession now entering into its fifth year. Venezuela's state-run oil company PDVSA is mired in