Investing.com - Valero Energy (NYSE:VLO) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.51 on revenue of $28.93B. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $25.04B. That compared to EPS of $2.15 on revenue of $31.02B in the same period a year earlier. The company had reported EPS of $0.34 on revenue of $24.26B in the previous quarter.
For the year, Valero Energy shares are up 17.73%, under-performing the S&P 500 which is up 21.91% year to date.
Valero Energy follows other major Energy sector earnings this month
On Thursday, Equinor ADR reported second quarter EPS of $0.4 on revenue of $16.31B, compared to forecasts of EPS of $0.37 on revenue of $16.63B.
Schlumberger earnings matched analyst's expectations on Friday, July 19, 2019, with second quarter EPS of $0.35 on revenue of $8.27B. Investing.com analysts expected EPS of $0.35 on revenue of $8.11B
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