Oil and gas company Valero Energy Corporation (VLO) continued its business momentum, as evidenced by its solid results for the third quarter of fiscal 2022. The company’s revenues increased 50.6% year-over-year, while net income attributable to VLO stockholders grew 508.4%.
Joe Gorder, VLO’s Chairman, and CEO, said, “Refining fundamentals remain strong as product demand through our system has surpassed 2019 levels, while global product supply remains constrained due to capacity reductions and high natural gas prices in Europe are setting a higher floor on margins.”
