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News Breaks
November 20, 2009
09:19 EDTVLO
theflyonthewall.com: Valero Energy to shut down Delaware City refinery
Valero Energy Corp. announced it intends to permanently shut down its Delaware City refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. The shutdown will affect approximately 550 employees at the plant. Valero notified refinery employees of the impending shutdown, and will immediately begin negotiations with the refinery’s unions regarding the effects of the plant closure and the employees’ severance packages. A safe and orderly shutdown of the refinery will commence immediately. Valero remains committed to its marketing businesses in the Northeast and will continue to reliably supply its customers, partially through higher throughput rates at the company’s other refineries. :theflyonthewall.com



News For VLO From The Last 14 Days
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February 1, 2012
07:13 EDTVLO
theflyonthewall.com: Shell, United Steelworkers union reach three-year deal, AP reports

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06:32 EDTVLO
theflyonthewall.com: U.S. refiners, United Steelworkers in tentative contract agreement, WSJ reports

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January 31, 2012
10:50 EDTVLO
theflyonthewall.com: Valero Energy sees Q1 Gulf coast throughput volumes 1.38-1.42Mbpd

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10:47 EDTVLO
theflyonthewall.com: Valero Energy plans to start up McKee in February

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10:45 EDTVLO
theflyonthewall.com: Valero sees FY12 CapEx $3.4B

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10:45 EDTVLO
theflyonthewall.com: Valero Energy says so far in Q1 Gulf coast margins moved higher
Comments are from Q4 earnings conference call. :theflyonthewall.com
08:06 EDTVLO
theflyonthewall.com: Valero Energy says 2012-to-date product margins improved versus Q4
"So far in 2012, product margins have improved versus the fourth quarter of 2011. The macro view for refining in 2012 looks promising given the combination of positive economic trends in the U.S., expectations of global demand growth, and continuing capacity rationalization in the industry, particularly in Europe, the U.S. East Coast, and the Caribbean," the company said. :theflyonthewall.com
08:05 EDTVLO
theflyonthewall.com: Valero Energy reports Q4 capital spending $899M

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08:03 EDTVLO
theflyonthewall.com: Valero says Q4 operating income down on $1.84/barrel cut in refining margin
Reports Q4 operating income $167M versus 4Q10 operating income of $378M. The decrease in operating income was mainly due to a decrease of $1.84 per barrel in the refining throughput margin, particularly in the Gulf Coast region where the throughput margin decreased by $4.21 per barrel. The decrease in the throughput margin was primarily due to lower margins for gasoline and petrochemical feedstocks plus reduced discounts for medium and heavy sour feedstocks. :theflyonthewall.com
08:01 EDTVLO
theflyonthewall.com: Valero Energy reports Q4 continuing ops EPS 8c vs. consensus (18c)

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