Valero's Q4 2019 Earnings Hold Up Well in Weak Industry Conditions
By the time Valero Energy (NYSE: VLO) reported fourth-quarter 2019 earnings on Jan. 30, everybody was already aware that the refining sector of the oil and gas industry had had a rough season. So the stock market largely shrugged off Valero's slight year-over-year declines in revenue and adjusted earnings.
In spite of that, there were some bright spots in the report, not least that even the adjusted figures beat analysts' consensus by a lot. Here's what investors need to know.
Refiner Valero Energy is also a top player in renewable fuels. Image source: Getty Images.
Source Fool.com
