Valero Energy reports Q4 continuing ops EPS 8c vs. consensus (18c)
Reports Q4 operating revenues $34.67B, consensus $32.33B. Q4 results included an after-tax benefit of approximately $161M, or 29c per share, from a year-end LIFO inventory decrement. :theflyonthewall.com
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PetroChina to look at refinery, storage assets in Americas, China Daily says
Chinese energy giant PetroChina (PTR) plans to "focus" on storage and refinery assets in the Americas this year, according to China Daily. According to media reports, PetroChina has been in talks with Valero (VLO) about buying the latter company's refinery in Aruba, the newspaper reported. PetroChina Chairman Jian Jiemin said the project is something the company might look at, but added that he was unaware of any deal, China Daily said. Reference Link :theflyonthewall.com