Financial PerformanceValero Energy Corporation reported 3Q EPS that topped consensus estimates by ~16%, driven largely by stronger than expected refining margins.
Shareholder ReturnsValero returned approximately $900 million in dividends and buybacks, resulting in a payout ratio significantly above the company's target, reflecting strong shareholder returns.
Sustainable Aviation FuelThe Sustainable Aviation Fuel project at the DGD Port Arthur plant was completed under budget and ahead of schedule, positioning the company as a major player in SAF production.