Valero Energy Revenue Up, Growth Hit
Valero Energy (NYSE:VLO), a leading international manufacturer and marketer of transportation fuels and petrochemical products, released its earnings for the fourth quarter of 2024 on Jan. 30, 2025. The company recorded an adjusted earnings per share (EPS) of $0.64. Revenue reached $30.756 billion. The results show a significant year-over-year decline in income and revenue, highlighting ongoing challenges in the refining sector.
Source: Analyst estimates for the quarter provided by FactSet.
Valero Energy is a prominent company in the energy sector, primarily engaged in refining, marketing, and producing various forms of energy. Its operations are divided among key segments such as refining, renewable diesel, and ethanol. The recent downturn in refining margins and increased operational costs have pressured its financial performance. However, the company continues to focus on enhancing its capabilities in renewable energy, with projects like the Sustainable Aviation Fuel initiative.
Source Fool.com
