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Valero Energy: Q1 Earnings Snapshot

April 22, 2021 GMT

SAN ANTONIO (AP) _ Valero Energy Corp. (VLO) on Thursday reported a loss of $704 million in its first quarter.

The San Antonio-based company said it had a loss of $1.73 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.91 per share.

The oil refiner posted revenue of $20.81 billion in the period.

Valero Energy shares have risen 24% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has risen 42% 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