Valero Posts Record Quarterly Profit on Higher Refining Margins
Valero reported its highest-ever quarterly profit in the third quarter, beating Wall Street expectations as Middle East conflict disruptions sent refining margins soaring.
Refiner Valero Energy NYSE:VLO posted its highest-ever quarterly profit on Thursday, beating Wall Street expectations, as disruptions caused by the Middle East conflict sent refining margins soaring during the third quarter.The San Antonio, Texas-based company kicked off the earnings season for ref…