San Antonio, Texas-based Valero Energy Corporation (VLO) manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States and internationally. With a market cap of $45 billion, the company operates through three segments: Refining, Renewable Diesel, and Ethanol.
The company is set to unveil its second-quarter results on Thursday, July 24, before the market opens. Ahead of the event, analysts expect VLO to report non-GAAP earnings of $1.75 per share, down 35.4% from the profit of $2.71 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in three of the past four quarters, while missing on one occasion.
