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Valero Energy (VLO)

Stock (Energy Industry, Oil & Gas Refining Industry)

Valero warns of lower margins Shares fall as Valero warns that the high-crude-price environment will cause the company to have lower-than-expected refining margins. VLO to expand Port Arthur refinery Valero's board approves a $2.4 billion expansion of the company's Port Arthur refinery, to a capacity of 415,000 bpd. The board also approved a $3 billion share buyback program. On February 23, 2007, the share price of Valero En 02/22/07 – 02/23/07: On February 23, 2007, the share price of Valero Energy rose from USD 55.56 to USD 59.00 as Valero Energy Corporation declared that partial production at its McKee oil refinery in Sunray, Texas (which was damaged by fire on February 16, 2007) may resume once repairs are completed in April 2007.

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