Valero Grows Net Income Despite Lower Refining Margins, an Industrial Info News Alert

SUGAR LAND, Texas, Oct. 26, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Valero Energy Corporation (San Antonio, Texas) reported third-quarter 2018 net income of $856 million, compared with $841 million in third-quarter 2017. The increase in income comes despite an earnings drop in the company's refining segment due to lower gasoline and secondary products margins from $1.4 billion in 2017 to $1.3 billion in 2018. Valero is progressing with a range of capital projects and investments. Capital investments in the third quarter totaled $604 million.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Brian Ford
(713) 980-9393

View original content to download multimedia:http://www.prnewswire.com/news-releases/valero-grows-net-income-despite-lower-refining-margins-an-industrial-info-news-alert-300738400.html

SOURCE Industrial Info Resources, Inc.