Investing.com - Valero Energy (NYSE:VLO) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.12 on revenue of $28.7B. Analysts polled by Investing.com forecast EPS of $1.05 on revenue of $25.93B. That compared to EPS of $1.16 on revenue of $26.39B in the same period a year earlier. The company had reported EPS of $2.01 on revenue of $30.85B in the previous quarter.
For the year, Valero Energy shares are up 11.08%, outperforming the S&P 500 which is up 8.65% year to date.
Valero Energy follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell ADR reported fourth quarter EPS of $0.69 on revenue of $104.6B, compared to forecasts of EPS of $1.29 on revenue of $92.51B.
Schlumberger earnings matched analyst's expectations on Friday, January 18, 2019, with fourth quarter EPS of $0.36 on revenue of $8.18B. Investing.com analysts expected EPS of $0.36 on revenue of $8.04B
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