- Valero posted its largest profit on record last quarter, with $6.8 billion in net income.
- A Valero Energy executive said fuel-making margins are poised to rise again despite government efforts to curb gasoline and diesel prices.
- Q3 is widely expected to be exceptionally profitable for US refiners, as fuel production became a critical pinch-point amid energy market disruptions from the US-Iran war and Russia-Ukraine conflict.