valero energy corp news
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Ethanol is producinga profit for Valero
New York City :: NY :: USA | over 3 years ago
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Although Valero Energy Corp.'s refining business has been pummeled this year, there's a bright spot on the company's balance sheet that comes from a surprising source: ethanol. Valero is making money with the corn-based fuel just six months after
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Valero posts third loss in last four quarters
Delaware City :: DE :: USA | over 3 years ago
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Valero Energy Corp., the largest U.S. refiner, posted its third loss in four quarters after slumping fuel demand prompted the company to idle processing units and shut down a plant. The third-quarter loss was $489 million, or 87 cents a share,
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Analyst downgrades Valero stock; shares fall
Oranjestad :: Aruba | over 3 years ago
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Valero Energy Corp. shares fell 37 cents to close at $18.81 Wednesday after an analyst at Soleil Securities downgraded the San Antonio-based company’s shares to “sell” from “buy.” Soleil analyst Jacques Rousseau said that when Valero announces
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Plants in Northeast may go
New York :: NY :: USA | over 3 years ago
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Valero Energy Corp.'s chief executive has told employees the company must cut costs at its refineries in Delaware City, Del., and Paulsboro, N.J., and pursue “strategic alternatives” that ultimately could result in their sale. In a memo to employees,
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Atlanta Business Chronicle: Valero extends Alamo Bowl title sponsorship
Lisbon Falls :: ME :: USA | over 3 years ago
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Alamo Bowl officials say they have locked up Valero Energy Corp. as title sponsor of the San Antonio post-season college football event for an additional four years. With the extension, the game will be branded the Valero Alamo Bowl through 2013.
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Waste grease conversion plant proposed in La.
Los Angeles :: CA :: USA | over 3 years ago
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Irving, Texas-based Darling International Inc. has taken the initial steps to form a joint venture with a subsidiary of Valero Energy Corp. to build a facility capable of producing more than 10,000 barrels per day, or 135 million gallons per year, of
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Valero cuts refinery operations, jobs
San Antonio :: TX :: USA | over 3 years ago
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Valero Energy Corp., the nation's biggest independent refiner, announced plans Tuesday to shut some of its East Coast and Caribbean refining operations and cut up to 950 jobs. The move, aimed at trimming "underperforming" operations to cope with
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Valero closing Aruban refinery, laying off workers
Oranjestad :: Aruba | over 3 years ago
Credibility
Valero Energy Corp., the largest U.S. refiner, said its refinery in Aruba will be closed indefinitely and “nearly all” of the remaining contract workers will be fired...Valero notified workers today that “it has decided to continue the refinery
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Valero posts quarterly loss of $254 million
Oranjestad :: Aruba | almost 4 years ago
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Valero Energy Corp. said Tuesday that lower margins on diesel and jet fuel and higher prices it must pay for heavy sour crude oil led to a loss in the second quarter. The San Antonio-based company, the nation's largest refiner, reported a net loss
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Valero reports loss as fuel demand plummets
Houston :: TX :: USA | almost 4 years ago
Credibility
Valero Energy Corp., the largest U.S. refiner, posted its first second-quarter loss in a decade after the recession eroded fuel demand and plant shutdowns cut production. The net loss was $254 million or 48 cents a share, compared with profit of $734
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