Market News for Valero Energy Corp (VLO)
Valero Energy has underperformed due to a challenging refining environment, but signs indicate Q1 may represent a bottom, making it a good time to revisit the stock. The company is shutting down its Benicia refinery, impacting the California market, yet maintains a strong balance sheet and continues to return capital to investors. Despite a tough Q1, Valero generated $200 million in adjusted free cash flow, with expectations for improved margins and higher free cash flow in Q2-Q3....
Seeking Alpha - 5/3/2025 11:59:00 PM
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