Valero Energy (VLO)

Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that its wholly owned subsidiary, Valero Refining-Texas, L.P., entered into a definitive agreement to acquire all the outstanding equity interests of LYB Houston Hub Holdings LLC (“LYB Houston”) from a subsidiary of LyondellBasell Industries N.V. (“Lyondell”) for a purchase price of $320.5 million, subject to closing adjustments. Closing of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and is expected to occur by the end of 2026. LYB Houston indirectly owns an approximately 700-acre facility adjacent to Valero’s Houston refinery on the Houston Ship Channel in Texas that operated as a petroleum refinery. Valero currently expects to initially restart 165,000 BPD of light sweet crude processing capacity by year-end 2027. The acquisition also provides the opportunity to later invest in high-complexity, heavy sour crude processing.

HOUSTON and LONDON, Oct. 30, 2026 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced it has entered into an agreement to sell its former Houston Refinery site and related assets to Valero Refining-Texas, L.P., a wholly owned subsidiary of Valero Energy Corporation (NYSE: VLO, "Valero"). The transaction represents another step in the company’s ongoing portfolio transformation, sharpening its focus on businesses and assets that offer the strongest strategic fit and long-term value creation potential while strengthening its ability to allocate capital in line with its company strategy.

A $9.8 billion cash balance and disciplined capital projects position the refiner to sustain shareholder returns through commodity cycles.

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The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend of $1.20 per share on its common stock. The dividend will be payable on December 21, 2026, to stockholders of record as of the close of business on November 24, 2026.

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Valero posted record Q3 revenue and EPS on soaring refining margins, but shares sold off on light Q4 guidance and concerns over Russian diesel imports and crude price pressure.

Valero Energy (NYSE:VLO) reported sharply higher third-quarter 2026 earnings as strong refining conditions, high utilization rates and improved renewable diesel profitability lifted results across its operating segments. Net income attributable to Valero stockholders totaled $6.8 billion, or $23.89

Net income jumped to $6.8 billion on strong refining margins and tight inventories.

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $6.8 billion, or $23.89 per share, for the third quarter of 2026, compared to $1.1 billion, or $3.53 per share, for the third quarter of 2025. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders for the third quarter of 2026 was $6.8 billion, or $23.90 per share, compared to $1.1 billion, or $3.66 per share, for the third quarter of 2025.

Hardly for the first time recently, the company earned a price target raise from an analyst.

Tight refining capacity is keeping gasoline and diesel prices elevated.

This ETF has been Vanguard's third-best performer over the past three years.