Valero Energy: Q2 Earnings Snapshot

July 28, 2022 GMT

SAN ANTONIO (AP) _ Valero Energy Corp. (VLO) on Thursday reported second-quarter net income of $4.69 billion.

On a per-share basis, the San Antonio-based company said it had profit of $11.57. Earnings, adjusted for non-recurring gains, were $11.36 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.70 per share.

The oil refiner posted revenue of $51.64 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $40.63 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLO at https://www.zacks.com/ap/VLO