valero energy corp news
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Valero hopes refining slump has bottomed out
San Antonio :: TX :: USA | over 3 years ago
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Valero Energy Corp. reported a fourth-quarter loss Wednesday of $1.4 billion, or $2.51 a share, as it struggled to deal with weak demand for its products and narrower profit margins. Yet San Antonio-based Valero, the nation's largest independent
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Valero Backs Off as Oil Refining Turns Sour
Singapore :: Singapore | over 3 years ago
Credibility
Struggling to survive the worst fuel market since the 1980s, Valero Energy Corp...And on Wednesday, the company is likely to indicate whether it might cut its dividend to preserve cash further. Kicking off what promises to be a dismal earnings season
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Valero board member retired
San Antonio :: TX :: USA | over 3 years ago
Credibility
San Antonio-based Valero Energy Corp., the nation's largest independent refiner, announced Wednesday that Bill Bradford, 75, has decided to retire from the company's board of directors. Bradford has served on Valero's board since 2001, when the
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Valero in advanced negotiations to sell Delaware refinery assets
Dover :: DE :: USA | over 3 years ago
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Valero Energy Corp. said Friday that it is in advanced negotiations to sell the assets of a Delaware oil refinery it is shutting down. The company is engaged in talks with Greenwich, Conn.-based PBF Investments LLC regarding Valero's shipping
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Magnifying Refinery Woes (CVX, XOM, XTO, COP, VLO, MRO, HES)
Unknown :: Unknown | over 3 years ago
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to diversify more into natural gas. But Chevron did note that exploration and production (drilling) were in line with its expectations. The long and short of it is that the more refinery exposure, the more earnings risk exposure. Chevron did note
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Magnifying Refinery Woes (CVX, XOM, XTO, COP, VLO, MRO, HES)
Unknown :: Unknown | over 3 years ago
Credibility
to diversify more into natural gas. The long and short of it is that the more refinery exposure, the more earnings risk exposure. HES) may have at least some of the same woes, but their stocks have held up far better and both are close to 52-week
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Struggling U.S. refineries could attract foreign buyers
Oranjestad :: Aruba | over 3 years ago
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A weakened U.S. refining industry could spell opportunity for foreign oil companies wanting to enter the world's biggest fuel market or buy plants on the cheap for other strategic reasons. Possible buyers include firms in nations with high demand for
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Smoky fire burns at Valero Texas City this morning
Texas City :: TX :: USA | over 3 years ago
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Valero Energy Corp. shut one of two crude units in its Texas City refinery after a fire early today, according to a company spokesman. “The initial fire was out quickly; there was a small secondary fire in a gas line,” Bill Day, a company spokesman,
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Valero subsidiary buys three ethanol plants
San Antonio :: FL :: USA | over 3 years ago
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Valero Energy Corp. subsidiary Valero Renewable Fuels Co. has agreed to buy three ethanol plants in two separate deals, paying about 41 percent of the plants’ replacement cost. The San Antonio-based company already owns and operates seven ethanol
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Mission NewEnergy signs deal with Valero
Melbourne :: Australia | over 3 years ago
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Mission announced on Friday it had signed a binding five-year deal to provide a subsidiary of Valero with up to 200,000 tonnes of biodiesel annually, which Valero can double if it chooses to. The agreement also allows Valero's subsidiary, Valero
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