Valero Energy Corporation (VLO) is a leading American energy company headquartered in San Antonio, Texas. As the largest independent petroleum refiner globally, Valero operates 15 refineries across the U.S., Canada, and the U.K. and is currently trading at a market cap of $50.8 billion.
The energy behemoth is set to unveil its third-quarter results on Thursday, Oct. 23, before the market opens. Ahead of the event, analysts expect VLO to report non-GAAP earnings of $3.04 per share, up 166.7% from the profit of $1.14 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.
