Last $50.94 USD
Change Today -0.04 / -0.08%
Volume 4.7M
VLO On Other Exchanges
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

valero energy corp (VLO) Snapshot

Open
$50.98
Previous Close
$50.98
Day High
$51.25
Day Low
$50.65
52 Week High
05/6/14 - $59.69
52 Week Low
10/15/14 - $42.53
Market Cap
26.6B
Average Volume 10 Days
7.4M
EPS TTM
$6.55
Shares Outstanding
521.2M
EX-Date
11/17/14
P/E TM
7.8x
Dividend
$1.10
Dividend Yield
2.06%
Current Stock Chart for VALERO ENERGY CORP (VLO)

valero energy corp (VLO) Details

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, product supply and distribution, and transportation operations. This segment produces conventional and premium gasoline, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. The Ethanol segment produces ethanol and distillers grains. The company markets its refined products through bulk and rack marketing network; and through approximately 7,400 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco names. As of December 31, 2013, it owned 16 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. Valero Energy Corporation also owns and operates 10 ethanol plants with a combined ethanol production capacity of approximately 1.2 billion gallons per year. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is based in San Antonio, Texas.

10,007 Employees
Last Reported Date: 02/27/14
Founded in 1955

valero energy corp (VLO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $775.0K
Executive Vice President and General Counsel
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

valero energy corp (VLO) Key Developments

Potential Buyers Reportedly Check Refineries Of CITGO Petroleum

Potential buyers from at least six leading oil companies have visited refinery in Illinois of CITGO Petroleum Corporation and three firms have shown keen interest in its Texas plant, reported Reuters citing four sources familiar with efforts to sell the assets. It is unclear if CITGO's owner, Petróleos de Venezuela S.A., will go ahead with a sale of its U.S. refining and marketing unit. Both Venezuela's president and finance minister have said in the past month that Citgo's assets would not be sold. But Lazard Ltd, the investment bank hired by CITGO to carry out the sale, is still marketing the refinery, three people told Reuters. The sources familiar with the sale efforts said that visits to the Illinois refinery have been made as recently as this week. Sources told Reuters that teams from the following companies have carried out detailed inspections of the Illinois refinery: Reliance Industries Limited (BSE:500325), PBF Energy Inc. (NYSE:PBF), UTesoro Corporation (NYSE:TSO), Marathon Petroleum Corporation (NYSE:MPC), Valero Energy Corporation (NYSE:VLO) and Phillips 66 (NYSE:PSX). Sources said that Representatives from Phillips 66 visited the Lemont refinery this week. One of the source said, "I don't care what they are saying in Venezuela, potential buyers are still coming in." Gary Heminger, President of Chief Executive Officer of Marathon Petroleum in an interview with Reuters, declined to discuss the CITGO sale, but said the company would carefully weigh refineries on the auction block. Heminger said, "We will always study and do our homework and due diligence on assets that are available." The sources said that the three companies showing the deepest interest in the Corpus Christi refinery are Valero, Flint Hills Resources, LLC and Chevron Corporation (NYSE:CVX). The sources said that Chevron, which was examining reliability records at the Corpus Christi refinery last month, could add a crude distillation unit at Citgo's west plant to run sweet crude from the Eagle Ford oil fields in south Texas while the existing CDU continues to run sour crude oil like that produced by Venezuela. A CITGO spokesman did not respond to Reuters when asked about visits to the refineries made by potential buyers. Marathon, Phillips 66, Tesoro and Valero representatives declined to discuss their companies' possible interest in Citgo's assets. PBF and Reliance did not reply to requests for comment. A Chevron spokesman declined to discuss merger and acquisition activity.

Valero Energy Corporation Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides CapEx Guidance for the Years 2014 and 2015

Valero Energy Corporation reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $34,408 million against $36,137 million for the same period a year ago. Operating income was $1,670 million against $532 million for the same period a year ago. Income from continuing operations was $1,062 million or $2.01 per share compared to $324 million or $0.58 per share a year ago. Net income attributable to the stockholders of the company was $1,059 million or $2.01 per share against $312 million or $0.58 per share for the same period of last year. Capital expenditures were $622 million, of which $123 million was for turnarounds and catalyst. Income from continuing operations before income tax expense was $1,583,000 against $447,000 a year ago. For the nine months, the company reported operating revenues of $102,985 million against $103,645 million for the same period a year ago. Operating income was $4,106 million against $2,395 million for the same period a year ago. Income from continuing operations was $2,555 million or $4.78 per share compared to $1,435 million or $2.61 per share a year ago. Net income attributable to the stockholders of the company was $2,475 million or $4.66 per share against $1,432 million or $2.62 per share for the same period of last year. Income from continuing operations before income tax expense was $3,848,000 against $2,174,000 a year ago. Third quarter 2014 refining throughput volumes averaged 2.8 million barrels per day, an increase of 42,000 barrels per day from the third quarter of 2013. The increase in volumes was due primarily to less turnaround activity and higher throughput capacity utilization, which was supported by strong product exports and increased availability of North American light crude oil on the U.S. Gulf Coast. For the nine months, the refining throughput volumes averaged 2,746,000 barrels per day compared to 2,649,000 a year ago. The company expects 2014 capital expenditures, including turnarounds and catalyst, to be approximately $2.9 billion, including $1.4 billion for stay-in-business capital and $1.5 billion for growth investments. More than 50% of the planned growth investments will be used to strengthen and expand the company's logistics system. The company expects 2015 capital expenditures, including turnarounds and catalyst, to be approximately $2.8 billion, including $1.5 billion for stay-in-business capital and $1.3 billion for growth investments. Consistent with its strategy, Valero expects over 35% of its 2015 growth investments will be for light crude oil processing and more than 30% will be for logistics.

Valero Energy Corporation Announces Executive Changes

Valero Energy Corporation announced that Bill Klesse, has chosen to step down as Chairman of the Board effective December 30, 2014. Joe Gorder, Chief Executive Officer and President, has been elected by the Board of Directors to the role of Chairman to succeed Klesse effective December 31, 2014. Klesse became CEO at the end of 2005 and was named Chairman of the Board in 2007. He stepped down as CEO on May 1, 2014.

 

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Industry Analysis

VLO

Industry Average

Valuation VLO Industry Range
Price/Earnings 7.1x
Price/Sales 0.2x
Price/Book 1.3x
Price/Cash Flow 4.9x
TEV/Sales 0.1x
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