Oil and gas company Valero Energy Corporation (VLO) reported impressive results in the last reported quarter. Its EPS beat analyst estimates by 2.9%, while its revenue came 7.3% higher than the consensus estimate.
VLO’s Chairman and CEO Joe Gorder 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.”
