SOURCE: Industrial Info Resources

Industrial Info Resources

April 28, 2010 05:10 ET

Valero's Operating Profits Down on Low Refining Margins, but Already Seeing Gains, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 28, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Valero Energy Corporation (NYSE: VLO) (San Antonio, Texas) reported a first-quarter 2010 operating loss of $32 million, caused primarily by lower margins for the company's refined products. "Looking at the rest of the year, we are cautiously optimistic about our business," said Valero Chairman and CEO Bill Klesse in a company press release. "U.S. and global economic indicators continue to trend higher, which should lead to improved demand for our products." As part of our North American Industrial Database, Industrial Info is tracking more than $3.7 billion of active Valero projects.

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