Investing.com - Valero Energy (NYSE:VLO) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Valero Energy announced earnings per share of $2.31 on revenue of $38.54B. Analysts polled by Investing.com anticipated EPS of $1.67 on revenue of $30.83B.
Valero Energy shares are up 34.31% from the beginning of the year and are trading at $103.25 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.86% from the start of the year.
Valero Energy shares gained 2.35% in pre-market trade the report.
Valero Energy follows other major Energy sector earnings this month
Valero Energy's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Kinder Morgan had beat expectations on Wednesday, April 20, 2022 with first quarter EPS of $0.32 on revenue of $4.29B, compared to forecast for EPS of $0.288 on revenue of $3.75B.
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