Posted on 07/31/2007 6:26:18 AM PDT by dakine
7/31/2007 8:58:33 AM Valero Energy Corp. (VLO) reported second quarter net income of $2.2 billion or $3.89 per share, compared to $1.9 billion or $2.98 per share in the last year quarter.
For the quarter, the company's income from Continuing Operations was $2.1 billion or $3.57 per share, versus $1.8 billion or $2.86 per share in the earlier year quarter.
On average, 17 analysts polled by First Call/Thomson Financial expected the company to report earnings of $3.75 per share.
Operating revenues for the quarter declined to $24.2 billion from $25.6 billion in the prior year quarter.
i believe valero’s a canadian investment co operated out of san antonio, tx.
they’ve done a remarkable job in the last decade beginning with old refineries and low-quality crude
and moving to the front of the market.
Plunged!?
Thats just the writer trying to not PO Exxon etc.....this was a below-$20 dollar stock a little more than 2 yrs ago; it has split twice in that time, and closed yesterday at $69.....wish I knew then what I know now, LOL
Valero is one of my favorites. They’ve created a new sideline company to hold their tank storage and related equipment called Newstar.
“evil oil company” news. No commie trolls rolling in yet, though.
$1.4 billion would be a plunge if it was my income.
These levels of profits are obscene! No one should have them! Typical war mongering oil companies...
Okay, I'm not a real commie troll, but I play one on TV...
LOL!
Valero has been veddy veddy good to me.
How to piss of a liberal. Awesome.
Peter Lynch ‘school’ of investment....see something you like, research it...years ago I began to see Valero gas station...
now if WaWa would just go public...
Me too.......
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