Valero Energy Corp

VLO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Valero Earnings: Likely the Bottom as Recovery Underway, but Market Expecting Higher Midcycle

Allen Good

Jan 30, 2025

Valero Energy's fourth-quarter earnings exceeded market expectations. Adjusted earnings fell to $207 million from $1.2 billion the year before as refining margins weakened during the quarter, falling below midcycle-like levels.

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Valero Energy Corp

Valero Earnings: Likely the Bottom as Recovery Underway, but Market Expecting Higher Midcycle

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