SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported fourth-quarter net income of $1.13 billion.
On a per-share basis, the San Antonio-based company said it had net income of $3.73. Earnings, adjusted for non-recurring costs, were $3.82 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.22 per share.
The oil refiner posted revenue of $30.37 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $28.06 billion.
For the year, the company reported profit of $2.35 billion, or $7.57 per share. Revenue was reported as $122.69 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLO at https://www.zacks.com/ap/VLO
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