How come?
1 reply
@OP Key Drivers of Valero's Earnings Surge
•Feedstock Advantage: Valero capitalized on heavily discounted Venezuelan heavy crude oil, which significantly lowered input costs.
•Refining Margins: Refining margins nearly doubled to $23.62 per barrel of throughput due to tight global fuel supplies and capacity disruptions.
•Renewable Fuels Rebound: The renewable diesel segment posted $717 million in operating income, reversing a loss from the previous year.