Investing.com - Valero Energy (NYSE:VLO) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Valero Energy announced earnings per share of $11.36 on revenue of $51.64B. Analysts polled by Investing.com anticipated EPS of $9.14 on revenue of $40.73B.
Valero Energy shares are up 15% from the beginning of the year and are trading at $114.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Valero Energy shares gained 2.69% 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 Shell ADR on Thursday, who reported EPS of $3.08 on revenue of $100.06B, compared to forecasts EPS of $2.75 on revenue of $94.53B.
TotalEnergies SE ADR had beat expectations on Thursday with second quarter EPS of $3.75 on revenue of $70.45B, compared to forecast for EPS of $3.7 on revenue of $63.44B.
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