U.S. Energy Dept names 6 companies winners in sale of strategic crude reserves [Reuters]
Valero Energy Corporation (VLO)
Last valero energy corporation earnings: 4/29 06:30 am
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Source: Reuters
The Energy Department sold 18.1 million barrels of Strategic Petroleum Reserve (SPR) crude oil to Valero Marketing and Supply, Phillips 66 (PSX.N) , Motiva Enterprises, Marathon Petroleum (MPC.N) , Gunvor USA and Exxon Mobil (XOM.N) , the department said in a statement. Valero Marketing and Supply bought more than 8 million barrels. The SPR plans to schedule deliveries between Feb. 1 and March 31, with early deliveries available in January if arrangements can be made, the department said. The congressionally mandated sale completes the requirement of the Bipartisan Budget Act of 2018 to sell a total of 30 million barrels during fiscal years 2022–2025, the Energy Department added. A total of 14 companies had submitted 111 bids for evaluation. Reporting by Kanishka Singh in Bengaluru Editing by Chris Reese and Jonathan Oatis Our Standards: The Thomson Reuters Trust Principles.
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VLO
News
- Valero Energy Co. (NYSE: VLO) had its price target raised by analysts at Citigroup Inc. from $160.00 to $192.00. They now have a "buy" rating on the stock.MarketBeat
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- Valero Energy Co. (NYSE: VLO) had its price target raised by analysts at Scotiabank from $138.00 to $165.00. They now have a "sector outperform" rating on the stock.MarketBeat
VLO
Earnings
- 1/25/24 - Beat
VLO
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- VLO's page on the SEC website