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    Home » U.S. refiner Valero posts fourth-quarter profit on higher demand

    U.S. refiner Valero posts fourth-quarter profit on higher demand

    January 28, 2022
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    *Valero Energy Corp.’s West refinery in Corpus Christi.

    News wire — U.S. refiner Valero Energy Corp posted a quarterly profit on Thursday, compared with a year-ago loss, as demand for fuel and refined products soared due to a vaccine-fueled economic recovery.

    Valero said net income attributable to stockholders stood at $1.01 billion, or $2.46 per share, for the three months ended Dec. 31, compared with a loss of $359 million, or 88 cents per share, a year earlier.

    • Reuters (Reporting by Shariq Khan; Editing by Ramakrishnan M.)
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