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Refining Giant Valero Tops Q4 Estimates Despite Earnings Slump ...Middle East
Valero Energy Corporation (NYSE: VLO) booked higher-than-expected earnings for the fourth quarter despite a widely anticipated slump in profits for the last quarter of 2024 and the full year. Resilient refining throughput and increased earnings in the renewable diesel division helped Valero post an earnings beat for Q4, even as its adjusted earnings per share plunged to $0.64 from $3.57 EPS for the same period of 2023. The analyst consensus estimate for Q4 2024 was for earnings per share of just $0.07, according to estimates compiled by The Wall…
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