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Valero Energy: 2Q Earnings Snapshot

July 25, 2019

SAN ANTONIO (AP) _ Valero Energy Corp. (VLO) on Thursday reported second-quarter earnings of $612 million.

The San Antonio-based company said it had profit of $1.47 per share. Earnings, adjusted for non-recurring costs, came to $1.51 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The oil refiner posted revenue of $28.93 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $26.65 billion.

Valero Energy shares have increased 15% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has dropped 20% in the last 12 months.

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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

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