Valero Energy (VLO) Tops Q2 EPS by 4c
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Valero Energy Reports Second Quarter 2016 Results
July 26, 2016 7:03 AM EDTReported net income attributable to Valero stockholders of $814 million, or $1.73 per share.Reported adjusted net income attributable to Valero stockholders of $503 million, or $1.07 per share. Completed and started up a new 90,000 barrel per day (BPD) crude unit at the Houston refinery.Returned $683 million in cash to stockholders through dividends and stock buybacks.Incurred $173 million of costs to meet our biofuel blending obligations (primarily for the purchase of Renewable Identification Numbers (RINs) in the U.S.).Exported a second quarter record 396,000 BPD of diesel and gasoline combined.
SAN ANTONIO, Texas, July 26, 2016... More
