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Valero Energy Corp

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  • Jan 29- U.S. refiners Valero Energy Corp and Phillips 66 reported better-than-expected quarterly profits as they processed more cheap crude oil amid buoyant demand for gasoline. U.S. gasoline demand rose 8 percent to 8.89 million barrels per day over the past four weeks, the U.S. Energy Information Administration said on Wednesday. San Antonio- based Valero...

  • Jan 29- U.S. refiners Valero Energy Corp and Phillips 66 reported better-than-expected quarterly profits as they processed more cheap crude oil at a time when demand for gasoline increases. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • Valero Energy tops Street 4Q forecasts Thursday, 29 Jan 2015 | 8:21 AM ET

    SAN ANTONIO— Valero Energy Corp. on Thursday reported fourth-quarter earnings of $1.16 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Analysts expected $25.14 billion, according to Zacks.

  • Refiner Valero Energy's profit falls 5 pct Thursday, 29 Jan 2015 | 8:05 AM ET

    Jan 29- U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. "We've had a bit of a turnaround since the lows we saw earlier in the day," said Anastasia Amoroso, global market strategist at J.P.

  • NEW YORK, Jan 6- As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower. From the Middle East, top exporter Saudi Arabia is offering crude at discounted prices in an attempt to defend...

  • WASHINGTON, Dec 30- The Obama administration on Tuesday bowed to months of growing pressure over a 40- year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls, said it had granted permission to "some"...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • Trying to pick a bottom in energy stocks Wednesday, 17 Dec 2014 | 4:07 PM ET
    Traders on the floor of the New York Stock Exchange.

    Trying to pick a bottom in energy stocks: is this the time to go long?

  • Motiva backs off hydrocracker expansion at Texas refinery Wednesday, 17 Dec 2014 | 3:19 PM ET

    HOUSTON, Dec 17- Motiva Enterprises has withdrawn its permit request to expand a hydrocracker and diesel hydrotreater unit at its Texas refinery, the largest in the United States. In a brief letter received by the U.S. Environmental Protection Agency earlier this month, Motiva asked, without explanation, to withdraw its August permit application for the...

  • Dec 16- Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include Marathon Petroleum Corp, Valero Energy Corp, HollyFrontier Corp and a consortium of...

  • Traders go bottom fishing in wave of tax selling Sunday, 14 Dec 2014 | 5:00 PM ET

    It’s a December tradition: Selling out of losing positions for tax reasons. So what assets will be vulnerable—and what opportunities may be created?

  • Canada rail safety jobs vacant as budget cuts bite Monday, 8 Dec 2014 | 9:00 AM ET

    Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...

  • Cramer plays oil merger matchmaker Wednesday, 19 Nov 2014 | 6:55 PM ET

    Jim Cramer is feeling inspired by mergers announced recently and thinks these two large players in the oil patch should get hitched.

  • Cramer Remix: This stock has begun to turn around Monday, 17 Nov 2014 | 7:08 PM ET
    Jim Cramer on Mad Money.

    Wall Street research was ready to give up, but "Mad Money" host Jim Cramer thinks this could be the start of a major turnaround.

  • NEW YORK, Nov 4- At least three oil companies are still actively bidding for Citgo Petroleum Corp, the U.S. refining arm of Venezuela's PDVSA, even after the country's finance minister said that the auction was no longer going ahead, according to three people familiar with the situation. The investment bank hired by PDVSA to conduct the sale, Lazard Ltd, has not ended...

  • Falling oil prices may weigh on Wall Street again Tuesday, 4 Nov 2014 | 8:32 AM ET
    Oil traders on the floor of the New York Mercantile Exchange.

    U.S. indexes looked set to open slightly lower on Tuesday, but tumbling oil prices likely to weigh again on Wall Street.

  • Crude's down, but these oil stocks could pop: Pro Tuesday, 28 Oct 2014 | 2:23 PM ET

    West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.

  • Traders try to pick bottoms in down stock market Wednesday, 15 Oct 2014 | 3:38 PM ET
    Traders on the floor of the New York Stock Exchange.

    It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.

  • NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...