SOURCE: Industrial Info Resources

Industrial Info Resources

February 01, 2012 06:40 ET

Valero Breaks Earnings Records in 2011 as Retail, Ethanol Improve Volumes, Production, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 1, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas), a leading international manufacturer and marketer of transportation fuels and other petrochemical products, reported its highest full-year earnings since 2008, as the Retail segment boasted its most profitable year in the company's history, the Ethanol segment saw its most profitable quarter, and two major acquisitions strengthened the company's global position. Valero reported $45 million in net income for the quarter, compared with a net loss of $438 million in fourth-quarter 2010, and $2.09 billion in net income for the year, compared with a $324 million gain in 2010.

Industrial Info is tracking more than $5.8 billion in active Valero projects, including two hydrocracker unit additions at major refineries that are valued at $1 billion each.

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