Valero Posts Bumper Q3 Profit As Demand For Its Fuels Exceeds 2019 Levels ...Middle East

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Valero Posts Bumper Q3 Profit As Demand For Its Fuels Exceeds 2019 Levels
source : OILPRICE ( Middle East ) () 20
Major U.S. refiner Valero Energy (NYSE: VLO) reported on Tuesday third-quarter earnings above analyst expectations, thanks to strong product demand exceeding 2019 levels and solid refining fundamentals in the U.S. and worldwide. Valero, which launched the earnings season for U.S. refiners today, said its adjusted net income surged to $2.8 billion, or $7.14 per share, for the third quarter, up from $545 million, or $1.33 per share, for the third quarter of 2021. The adjusted per-share earnings surpassed the analyst consensus of $6.80 compiled by…

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