Valero Energy Corporation (VLO), with a market cap of $49.4 billion, is a leading independent refiner and ethanol producer in the energy sector. The San Antonio, Texas-based company produces and sells petroleum-based and low-carbon fuels across the United States, Canada, and internationally.
Shares of this refining giant have underperformed the broader market over the past 52 weeks. VLO has gained 12.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19.6%. But, in 2024, VLO has rebounded with a 16.2% YTD return, surpassing SPX's 12% gain.
