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Valero Energy Q4 Loss Narrows - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Valero Energy Corp (VLO) reported fourth quarter net loss of $1.4 billion or $2.51 per share, compared to net loss of $3.28 billion or $6.36 per share last year.

Loss per share from continuing operations was $0.32, narrower than $6.22 in the same quarter a year earlier.

Loss from continuing operations, excluding special items, was $155 million, or $0.28 per share, compared to income from continuing operations, excluding special items, of $795 million, or $1.53 per share a year ago.

On average, 15 analysts polled by Thomson Reuters expected the company to report loss of $0.47 per share. Analysts' estimates typically exclude special items.

Operating revenues grew to $18.87 billion from $17.83 billion in the same quarter a year earlier.

Four analysts estimated revenues of $18.34 billion.

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