Valero Energy Corporation

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Description

Valero Energy Corporation delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus regarding earnings. In the third quarter, Valero Energy reported net income attributable to Valero stockholders of $2.6 billion. The refining segment generated an operating income of $3.4 billion in Q3 2023, down from $3.8 billion in the same period of the previous year. Refining throughput volumes in Q3 2023 averaged 3 million barrels daily, with a throughput capacity utilization of 95%. The renewable diesel segment reported an operating income of $123 million in Q3 2023, a decrease from $212 million in Q3 2022. This was mainly due to lower renewable diesel margins in the third quarter of 2023. On the other hand, ethanol experienced a significant improvement driven by higher production volumes and lower corn prices. Valero Energy remains committed to exploring strategic opportunities, like carbon capture and storage, in order to lessen the carbon intensity of its operations and stay in line with evolving sustainability policies.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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