financetom
Business
financetom
/
Business
/
Valero Energy reports lower quarterly profit on weak refining margins
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Valero Energy reports lower quarterly profit on weak refining margins
Nov 2, 2024 12:48 AM

Oct 24 (Reuters) - Refiner Valero Energy posted

a slump in third-quarter profit on Thursday, hurt by falling

margins due to a slowdown in fuel demand.

The San Antonio, Texas-based refiner reported net income of

$364 million, or $1.14 per share , for the three months ended

Sept. 30, below $2.6 billion, or $7.49 per share, last year in

the same quarter.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved