Oil & Gas Refining & Marketing

The U.S. Energy Department's weekly inventory release showed a steep build in crude and gasoline stockpiles, while refinery run-rates decreased from the previous week. The agency's report further added that distillate supplies logged a smaller-than-expected decline. The Energy Information...

Citi Investment Research has a Buy rating and a $29 price target on shares of Valero Energy Corporation (NYSE: VLO). In a note to clients, Citi says, "After the Paulsboro and Cameron Pipeline deals ($877 mm), VLO ended the year with $3.3 bn in cash. We believe a deal in Western Europe is on the...

OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...

OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...

Valero Energy Corporation (VLO) posted fourth quarter earnings from continuing operations of 40 cents per share (excluding non-recurring items), well above the Zacks Consensus Estimate of 35 cents. It also reversed last year's loss from continuing operations of 23 cents. Results were mainly...

Valero Energy Corporation (VLO) posted fourth quarter earnings from continuing operations of 40 cents per share (excluding non-recurring items), well above the Zacks Consensus Estimate of 35 cents. It also reversed last year's loss from continuing operations of 23 cents. Results were mainly...

Shares of Western Refining, Inc. (NYSE: WNR) are higher on the session by 7.40%, trading at $11.03. Overall call volume is now running at 2.11x the daily average, with 80% of all calls traded being purchases on the offer. 3,383 contracts have traded on the session so far. Western Refining, Inc. an...

Pre-Market Movers: (AUDC),(VLO),(FCFS),(RVSN),(ABB),(ARMH),(JNPR),(FTNT)

Valero Energy Corporation (NYSE: VLO) today reported income from continuing operations of $180 million, or $0.32 per share, for the fourth quarter of 2010, compared to a loss from continuing operations of $131 million, or $0.23 per share, for the fourth quarter of 2009. The fourth-quarter 2010...

Buoyed by favorable trends in the refining industry along with company initiatives to improve reliability and reduce operating costs, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral. An uptick in economic activity overseas and prospects for stronger fuel demand in the...

Buoyed by favorable trends in the refining industry along with company initiatives to improve reliability and reduce operating costs, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral. An uptick in economic activity overseas and prospects for stronger fuel demand in the...

Valero Energy Corporation (NYSE: VLO) announced today that Randall J. Weisenburger and Rayford Wilkins Jr. have been elected to the company's board of directors, bringing the number of directors to 11.

The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a regular quarterly cash dividend on the company's common stock of $0.05 per share. The dividend is payable on March 16, 2011 to holders of record at the close of business on February 16, 2011.

Buoyed by favorable trends in the refining industry along with the company's initiatives to improve reliability and reduce operating costs, we have upgraded independent refiner Tesoro Corporation (TSO) to 'Outperform' from 'Neutral'. An uptick in economic activity overseas (mainly in China and...

Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) are lower on the session by 0.81%, currently trading at $13.16. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name...