Valero Energy Corporation (NYSE:VLO) Q3 2024 Earnings Conference Call
October 24, 2024 10:00 AM ET
Company Participants:
Homer Bhullar – VP, IR & Finance
Lane Riggs – Chief Executive Officer and President
Gary Simmons – Executive Vice President and Chief Operating Officer
Greg Bram – Vice President, Refining Services
Jason Fraser – Executive Vice President and Chief Financial Officer
Eric Fisher – Senior Vice President Product Supply, Trading & Wholesale
Richard Walsh – VP & Deputy General Counsel
Conference Call Participants:
Manav Gupta – UBS
John Royall – JPMorgan
Theresa Chen – Barclays
Doug Leggate – Wolfe Research
Roger Read – Wells Fargo
Paul Cheng – Scotiabank
Jean Salisbury – Bank of America Merrill Lynch
Joe Laetsch – Morgan Stanley
Ryan Todd – Piper Sandler
Neil Mehta – Goldman Sachs
Matthew Blair – TPH
Jason Gabelman – TD Cowen
Operator: Greetings, and welcome to Valero Energy Corp. Third Quarter 2024 Earnings Conference Call. [Operator Instructions].
Valero Energy Corporation recently held its Q3 2024 Earnings Conference Call, led by various company executives. During the call, Lane Riggs, the Chief Executive Officer and President of Valero, highlighted the company’s performance and financial results for the quarter. Gary Simmons, the Executive Vice President and Chief Operating Officer, provided insights into the operational aspects of the business, while Jason Fraser, the Chief Financial Officer, discussed Valero’s financial strategy moving forward. The call also featured discussions on refining services, product supply, trading, and wholesale operations.
Analysts and investors from major financial institutions such as UBS, JPMorgan, Barclays, and Wells Fargo participated in the conference call, asking questions and seeking further clarification on Valero’s performance.
How will this affect me?
As a potential investor or shareholder in Valero Energy Corporation, the insights and information shared during the Q3 2024 earnings conference call can help you make informed decisions about your investment in the company. Understanding Valero’s financial performance, operational strategies, and future outlook can guide you in assessing the growth potential and stability of your investment.
How will this affect the world?
Valero Energy Corporation is a major player in the energy industry, particularly in refining and distribution. The company’s performance and strategic decisions can have implications for the global energy market, influencing factors such as fuel prices, supply chain dynamics, and environmental sustainability efforts. Monitoring Valero’s earnings calls and understanding its position in the industry can provide valuable insights into broader energy trends and market movements.
Conclusion:
The Valero Energy Corporation Q3 2024 Earnings Conference Call provided valuable insights into the company’s performance and future outlook, impacting both individual investors and the global energy market. By staying informed and analyzing the information shared during such calls, stakeholders can make informed decisions and contribute to shaping the future of the energy industry.
