Investing.com - Valero Energy (NYSE:VLO) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Valero Energy announced earnings per share of $2.47 on revenue of $35.9B. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $27.69B.
Valero Energy shares are up 8.24% from the beginning of the year and are trading at $81.30 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.73% from the start of the year.
Valero Energy follows other major Energy sector earnings this month
Valero Energy's report follows an earnings beat by Schlumberger on Friday, January 21, 2022, who reported EPS of $0.41 on revenue of $6.23B, compared to forecasts EPS of $0.389 on revenue of $6.09B.
Kinder Morgan had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $0.27 on revenue of $4.43B, compared to forecast for EPS of $0.2524 on revenue of $3.61B.
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