Valero Energy Corporation: Growth in Renewable Diesel and Ethanol A Major Growth Catalyst? 

Valero Energy Corp had a strong Q1 2024, achieving a net income of $1.2 billion thanks to their team’s ability to maximise output despite having extensive planned maintenance across their refining system. A large part of their achievement was due to stable refining margins that were sustained by restricted product supplies, influenced by heavy seasonal refining turnarounds and geopolitical events. Furthermore, their diesel demand was unseasonably high, and their gasoline demand was on par with last year’s levels.