The Board of Directors of Valero Energy Corp. has approved an increase in the company's regular quarterly cash dividend on common stock from $0.98 per share to $1.02 per share. The dividend is payable on March 16, 2023 to holders of record at the close of business on February 14, 2023. The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $4.08 per share. About Valero [...]
Valero Energy Corporation today reported net income attributable to Valero stockholders of $3.1 billion, or $8.15 per share, for the fourth quarter of 2022, compared to $1.0 billion, or $2.46 per share, for the fourth quarter of 2021. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $3.2 billion, or $8.45 per share, for the fourth [...]
Valero Energy Corp. announced today that it will host a conference call on January 26, 2023 at 10:00 a.m. ET to discuss 2022 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero [...]
Valero Energy Corp. announced today that Marie A. Ffolkes has been elected as an independent director to Valero's board of directors and has joined the Board's Nominating and Corporate Governance Committee, effective immediately. Ms. Ffolkes is currently the founder and Chief Executive Officer of Axxelist LLC, a technology real estate company. She recently served as Chief Executive Officer of TriMark USA, LLC, a provider [...]
The Board of Directors of Valero Energy Corp. has declared a regular quarterly cash dividend on common stock of $0.98 per share. The dividend is payable on December 8, 2022 to holders of record at the close of business on November 17, 2022. About Valero Valero Energy Corp., through its subsidiaries , is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and [...]
Valero Energy Corporation today reported net income attributable to Valero stockholders of $2.8 billion, or $7.19 per share, for the third quarter of 2022, compared to $463 million, or $1.13 per share, for the third quarter of 2021. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $2.8 billion, or $7.14 per share, for the third quarter [...]
Valero Energy Corp. reduced its debt by approximately $1.25 billion in September through its previously announced tender offers for various series of Valero's senior notes, which Valero funded with cash on hand. This transaction, combined with debt reduction and refinancing transactions completed in the second half of 2021 and the first half of 2022, collectively reduced Valero's debt by approximately $3.6 billion. About [...]
Valero Energy Corp. announced today that it will host a conference call on October 25, 2022 at 10:00 a.m. ET to discuss third quarter 2022 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at www.investorvalero.com. About Valero [...]
Valero Energy Corp. announced today the pricing terms of its previously announced cash tender offers to purchase its outstanding 3.650% Senior Notes due 2025 , its outstanding 2.850% Senior Notes due 2025 , its outstanding 3.400% Senior Notes due 2026 , the outstanding 4.375% Senior Notes due 2026 issued by Valero Energy Partners LP and guaranteed by Valero , its outstanding 4.000% Senior Notes due 2029 , its outstanding [...]
Valero Energy Corp. announced today the early tender results of its previously announced cash tender offers to purchase its outstanding 3.650% Senior Notes due 2025 , its outstanding 2.850% Senior Notes due 2025 , its outstanding 3.400% Senior Notes due 2026 , the outstanding 4.375% Senior Notes due 2026 issued by Valero Energy Partners LP and guaranteed by Valero , its outstanding 4.000% Senior Notes due 2029 , its [...]
Valero Energy Corp. announced today that it will participate in the Barclays CEO Energy-Power Conference in September. About Valero We are a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and we sell our products primarily in the United States , Canada, the United Kingdom , Ireland, and Latin America. We own 15 petroleum refineries located [...]
Valero Energy Corp. announced today that it has commenced tender offers to purchase for cash up to a maximum aggregate principal amount of $1,000,000,000 of its outstanding 3.650% Senior Notes due 2025, 2.850% Senior Notes due 2025, 3.400% Senior Notes due 2026, 4.000% Senior Notes due 2029, 4.350% Senior Notes due 2028, 2.150% Senior Notes due 2027, 6.625% Senior Notes due 2037, 4.900% Senior Notes due 2045 and 7.500 [...]