$VLO (Valero Energy Corporation)

$VLO {{ '2016-07-26T17:41:07+0000' | timeago}} • Webcast

Paul Cheng of Barclays Capital asks about $VLO's M&A strategy and whether there is any change in its strategy in the last several months. CEO Joseph Gorder said that there is no change. He added that there's no greater emphasis on M&A for the past two years and he said $VLO's other components of capital allocation framework is unchanged.

$VLO {{ '2017-07-20T21:04:15+0000' | timeago}} • Announcement

$VLO declared a regular quarterly cash dividend on the company’s common stock of $0.70 per share. The dividend is payable on Sept. 7, 2017 to holders of record at the close of business on Aug. 9, 2017.

$VLO {{ '2017-07-13T11:30:53+0000' | timeago}} • Announcement

$VLO and $PAA plan to challenge attempt to block proposed acquisition by $VLO of certain $PAA assets. $VLO and $PAA will continue to vigorously defend the planned transaction in federal court.

$VLO {{ '2017-07-12T22:08:42+0000' | timeago}} • Announcement

$VLO clarified that the California Attorney General filed suit against a proposed acquisition by $VLO’s subsidiary of two petroleum storage and distribution terminals owned by a subsidiary of $PAA. Erroneous reports said the AG filed suit to prevent a merger between $VLO, Valero Energy Partners LP, and $PAA. This motion has been denied in court.

$VLO {{ '2017-04-25T15:18:51+0000' | timeago}} • Webcast

Going forward, $VLO estimates that the demand in U.S. is going to continue to grow. For the next five to ten years, the company forecasts a slight decline in gasoline demand in the U.S., which will be determined the economic activity. $VLO added that it will look for opportunities to increase its market presence in different international markets.

$VLO {{ '2017-04-25T14:56:46+0000' | timeago}} • Webcast

$VLO believes the biggest organic investment opportunity in the next two or three years is in the refining and midstream businesses.

$VLO {{ '2017-04-25T12:04:16+0000' | timeago}} • Announcement

Valero remains on track to invest $2.7Bil of total capital in FY17, consisting of $1.1Bil for growth projects and $1.6Bil for sustaining the business, the company said as it posted 1Q17 results. $VLO exported a total of 365,000 barrels per day of gasoline and diesel during the first quarter.

$VLO {{ '2017-04-25T12:02:07+0000' | timeago}} • Announcement

In 1Q17, $VLO's capital investments totaled $641MM, of which $245MM was for turnarounds and catalyst.  The company generated $988MM of net cash from operating activities. Valero ended 1Q17 with $8.5Bil of total debt and $4.5Bil of cash and temporary cash investments.  The debt to capital ratio, net of $2.0Bil in cash, was 24%.

$VLO {{ '2017-04-25T11:59:47+0000' | timeago}} • Announcement

$VLO posted a drop in attributable net income of $305MM or $0.68 per share for 1Q17, compared to $495MM or $1.05 per share a year ago. Total operating revenues were $21.77Bil, vs. last year's $15.71Bil. The refining segment reported $647MM of operating income, down from $915MM. The ethanol segment operating income dropped to $22MM from $39MM.

$VLO {{ '2017-01-31T14:41:31+0000' | timeago}} • Announcement

On Jan. 26, 2017 $VLO announced 17% rise in its  quarterly common stock dividend from $0.60 per share to $0.70 per share, payable on March 7, 2017, to holders of record on February 15, 2017.

$VLO {{ '2017-01-31T14:40:00+0000' | timeago}} • Announcement

During 4Q16, the total capital investments of $VLO was $628MM. The company paid $271MM in dividends and purchased 2.7MM shares of its common stock for $169MM, resulting in total cash returned to stockholders of $440MM during 4Q16.

$VLO {{ '2017-01-31T14:36:48+0000' | timeago}} • Announcement

During 4Q16, $VLO's refining segment reported operating income of $715MM compared to $876MM during 4Q15. The operating income for ethanol segment was $126 compared to loss of $13MM during 4Q15.

$VLO {{ '2017-01-31T14:31:45+0000' | timeago}} • Announcement

Petroleum refining and marketing company $VLO reported 23% rise in its 4Q16 earnings, helped by higher revenues. Net income was $367MM, or $0.81 per share, compared to $298MM, or $0.62 per share during 4Q15. Operating revenues rose 10% YoverY to $20.7Bil. Excluding items, $VLO earned $0.817 per share.

$VLO {{ '2017-01-27T11:32:47+0000' | timeago}} • Announcement

$VLO BoD declared a regular quarterly cash dividend on common stock of $0.70 per share, payable on March 7, 2017 to holders of record at the close of business on Feb. 15, 2017.

$VLO {{ '2016-10-25T16:19:15+0000' | timeago}} • Webcast

$VLO said its Houston alkylation unit is currently in the engineering and procurement phase. The company expects to complete the project in the first half of 2019. The project economics looks good and will position $VLO for Tier 3 gasoline compliance, the company said.

$VLO {{ '2016-10-25T15:54:59+0000' | timeago}} • Webcast

$VLO said the growth in capital expenditure is lower than anticipated. This is mainly due to lower turnaround costs as well as some timing issues, and the company expects to have 2.4Bil in CapEx for FY16.

$VLO {{ '2016-10-25T15:46:18+0000' | timeago}} • Webcast

$VLO said it looks for acquisitions that provide third-party revenue or are strategic to its core business. On the refining side, the company expects assets that are high-quality and globally competitive. The focus remains on the US Gulf Coast.

$VLO {{ '2016-10-25T15:36:59+0000' | timeago}} • Webcast

$VLO's ethanol segment is expected to produce a total of 3.9MM gallons per day for 4Q16. The company expects operating expenses of $0.38 per gallon in average, G&A expenses of about $200MM and net interest expense of about $150MM.

$VLO {{ '2016-10-25T13:46:52+0000' | timeago}} • Announcement

$VLO cut its 2016 capital expenditure forecast by $200MM, to around $2.4Bil. Refining throughput margin decreased to $9.07 per barrel in 3Q16, from $14.38 per barrel a year ago, the company said. Refineries operated at 95% throughput capacity utilization in the quarter, down from 96% in 2Q16.

$VLO {{ '2016-10-25T13:42:40+0000' | timeago}} • Announcement

$VLO reported a lower profit as fuel prices nosedived in the quarter, but the oil major cut costs and expenses by 8% to offset margin weakness caused by higher inventories. For 3Q16, the company reported earnings of $1.33 per share, down from $2.79 per share a year ago. Operating revenue fell to $19.65Bil.

$VLO {{ '2016-09-08T11:38:16+0000' | timeago}} • Announcement

$VLO said it has priced a public offering of $1.25Bil of 3.400% senior notes due 2026. The offering is expected to close on Sept. 12, 2016. $VLO plans to use net proceeds from offering for general corporate purposes, including funding of redemption of $750MM of its 6.125% Senior Notes due 2017 and $200MM of its 7.2% Senior Notes due 2017.

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