How come?
3 replies (most recent on top)
Their big guy’s elevator goes to all the floors. Ours is missing a few.
Because they are a focused and disciplined operator. They know the markets far better than PSX — just listen to the earnings calls and their control of the market conditions versus the head of refining and marketing at PSX. Not in the same league!
@OP Key Drivers of Valero's Earnings Surge
•Feedstock Advantage: Valero capitalized on heavily discounted Venezuelan heavy crude oil, which significantly lowered input costs.
•Refining Margins: Refining margins nearly doubled to $23.62 per barrel of throughput due to tight global fuel supplies and capacity disruptions.
•Renewable Fuels Rebound: The renewable diesel segment posted $717 million in operating income, reversing a loss from the previous year.