On @cnbc.com , Brian Sullivan speaking that it would take a decade to fix the oil infrastructure in Venezuela. Companies not going in so fast.

Why aren’t #Chevron #Halliburton #bakerhughesco #ValeroEnergy and others condemning the illegal invasion of Venezuela? Money! 🖕off #DV1 #ProudBlue

#FinstadWatch

There will be winners and losers
#BigOil (including donors to #FinstadForCongress) like #ValeroEnergy and #Chevron who were already refining Venezuelan crude will benefit
This will hurt #Canada which currently exports about 3.3 M barrels/day of crude to the US

#Trump's #WarOnCanada

HF Sinclair beats second-quarter profit estimates on higher refining margins (Reuters) -Refiner HF Sinclair beat Wall Street estimates for second-quarter profit on Thursday, helped by higher refining margins. Top U.S. refiners were expected to post higher second-quarter profits, rebounding from first-quarter losses as stronger-than-expected diesel margins lifted earnings. The improved margins helped peers such as Valero Energy (NYSE:VLO) surpass Wall Street estimates. Fuel makers have seen an unexpected boost in profits from key products in recent months, offering relief after earnings retreated from 2022 highs driven by a post-pandemic demand rebound and supply disruptions following Russia’s invasion of Ukraine. The company reported adjusted profit of $1.70 per share for the three months ended June 30, compared with analysts’ average estimate of $1.02 per share, according to data compiled by LSEG. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if VLO is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe #HFSinclair #RefiningMargins #StockMarket #ProfitEstimates #ValeroEnergy

Valero Energy beats Q2 profit estimates as refining margins improve (Reuters) -Refiner Valero Energy (NYSE:VLO) beat Wall Street estimates for second-quarter profit on Thursday as a rebound in refining margins helped cushion the loss in its renewable diesel unit. Investors were expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boosted earnings. Valero, the first major refiner to post results this earnings season, said its refining margin per barrel of throughput was up at $12.35 in the reported quarter, compared with $11.14 from a year earlier. "We set a record for refining throughput rate in our U.S. Gulf Coast region in the second quarter," said CEO Lane Riggs. The company’s total throughput volumes stood at 2.9 million barrels per day (bpd) in the quarter, compared with 3.0 million bpd a year earlier. The refining segment reported quarterly operating income of $1.3 billion, higher than last year’s $1.2 billion. However, its renewable diesel segment, consisting of the Diamond Green Diesel joint venture, reported an operating loss of $79 million for the quarter, compared with a profit of $112 million a year ago. The company also said it was progressing with a fluid catalytic cracking unit optimization project that will enable the St. Charles Refinery to increase its high-value product yield. Valero reported a profit of $2.28 per share for the quarter ended June 30, compared with analysts’ average estimate of $1.74 per share, according to data compiled by LSEG. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is VLO one of them?

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Valero Energy reports first-quarter loss on lower margins, impairment charges (Reuters) -Valero Energy reported a first-quarter loss compared with a year-ago profit on Thursday, weighed down by lower refining margins and around $1 billion in impairment charges related to its West Coast assets. Shares of the company declined 1.6% to $112.62 in early trade. Excluding asset impairment loss, the second-largest U.S. refiner by capacity posted an adjusted profit of 89 cents per share, beating tempered expectations of 42 cents per share, according to data compiled by LSEG. CEO Lane Riggs said the quarter was marked by heavy maintenance across the refining system and a "challenging margin environment" in the renewable diesel segment. U.S. refineries typically undergo turnaround activity in the first quarter to prepare for higher summer demand, but this seasonal maintenance temporarily limits utilization and revenue. Valero’s renewable diesel segment, operated through the Diamond Green Diesel joint venture, posted an operating loss of $141 million, a reversal from the $190 million in operating income reported a year earlier. The core refining business also saw a downturn, with an operating loss of $530 million compared with $1.7 billion in profit in the prior year. Valero is the first major refiner to report results this earnings season. The results come as the industry braces for a fallout from the ongoing U.S.-China trade tensions, which could dampen demand for refined products such as gasoline, diesel, and jet fuel and hit already struggling refining margins. U.S. refining margins, as measured by the 3-2-1 crack spread, bounced back in early 2025 after hitting multi-year lows last year, but continue to face pressure from lingering market challenges. The company’s net loss attributable to stockholders was $595 million, or $1.90 per share, in the three months ended March 31, compared with last year’s profit of $1.2 billion, or $3.75 per share.

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It’s shameful that #SLB, #Chevron, #ParPacific, #ValeroEnergy would consider working with Russia again. Supporting this regime means enabling the killing of innocent lives. This is not business as usual.

Source - som.yale.edu/story/2022/o...

#StandWithUkraine
#SupportUkraine