These three energy companies look like rare picks where the market seems to be underestimating how much cash they can keep generating and paying out to shareholders. See why each one could deliver steady income even if the energy market stays choppy—and what warning signs to watch.Read more
Valero’s big refining and renewable fuels network may be set up to earn more when cheaper grades of oil are available and planned upgrades lift the mix of higher-value fuels. But the outlook also hinges on industry supply staying in check and on government rules for renewable fuels not turning against it.Read more
Valero is running its refineries near full tilt, leaving little room for extra output and making results more vulnerable if fuel demand cools. Add shifting rules around renewable fuels and a planned West Coast shutdown, and today’s strength could prove less steady than it looks.Read more
Valero is betting that upgrades at its refineries and a tighter fuel market lift what it earns from turning crude oil into the fuels people buy, while it returns more cash to shareholders through dividends and buybacks. The catch is that losses and rule changes around renewable fuels—plus potential closure costs and other operating pressures—could hit profits and cash flow.Read more
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Outstanding track record with flawless balance sheet and pays a dividend.
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
