International Business News - Valero http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A massive fire at a northern Texas refinery early last year probably occurred because water froze in a pipe and allowed the release of high-pressure liquid propane when it thawed, a government safety board said in a report issued Wednesday. http://www.ibtimes.com/articles/20080709/report-valero-refinery-fire-caused-by-leak.htm Wed, 09 Jul 2008 14:43:01 EDT Oil refiner Valero Energy Corp. said Monday it has completed the sale of its Krotz Springs, La., refinery to Alon USA Energy Inc. Valero received $333 million plus $143 million as part of an initial payment toward working capital. Valero also received an earn-out provision, which the company has hedged to lock in a value of about $200 million. http://www.ibtimes.com/articles/20080707/valero-energy-completes-sale-of-refinery-to-alon.htm Mon, 07 Jul 2008 08:01:00 EDT The Defense Logistics Agency awarded Valero Marketing & Supply Co., a unit of Valero Energy Corp., a $28.5 million contract to supply aviation fuel for the military, the Defense Department said late Wednesday. http://www.ibtimes.com/articles/20080618/valero-energy-wins-28-5-million-pentagon-contract.htm Wed, 18 Jun 2008 18:25:34 EDT Delaware's environmental department has approved a permit for a second scrubber at the Valero Energy Corp. refinery in Delaware City to reduce nitrogen oxide air emissions. http://www.ibtimes.com/articles/20080618/del-approves-second-scrubber-for-valero-refinery.htm Wed, 18 Jun 2008 17:13:18 EDT Valero Refining-Texas LP has agreed to pay a $1.65 million civil penalty stemming from a 2006 oil spill into the Corpus Christi Ship Channel, the Justice Department and Environmental Protection Agency announced Tuesday. http://www.ibtimes.com/articles/20080610/valero-agrees-to-pay-1-65m-for-2006-oil-spill.htm Tue, 10 Jun 2008 19:42:13 EDT Valero Energy Corp. spent $156,000 to lobby the federal government on fuel specifications, credit card fees and other issues in the first quarter of the year. http://www.ibtimes.com/articles/20080602/valero-energy-spent-156k-lobbying-in-1q.htm Mon, 02 Jun 2008 14:12:57 EDT Valero Energy Corp., the biggest U.S. refiner, fell on Friday after Goldman Sachs analysts took the company of their "conviction buy list." http://www.ibtimes.com/articles/20080509/valero-energy-falls-goldman-removes-conviction-buy-label.htm Fri, 09 May 2008 18:19:43 EDT JPMorgan downgraded Valero Energy Corp. Tuesday and said that while the refiner is best positioned among its peers to survive currently high crude-oil prices, it may not outperform integrated oil companies. http://www.ibtimes.com/articles/20080506/ahead-of-the-bell-jpmorgan-downgrades-valero.htm Tue, 06 May 2008 08:54:50 EDT Valero Energy Corp., North America's largest oil refiner, said Thursday its board approved an increase in its regular quarterly cash dividend to 15 cents from 12 cents. http://www.ibtimes.com/articles/20080501/valero-raises-quarterly-dividend-by-25-percent.htm Thu, 01 May 2008 11:03:53 EDT Oil refiner Valero Energy says its first-quarter profit tumbled 77 percent, as higher oil prices cut into its margins. The San Antonio-based company says it earned $261 million, or 48 cents per share, compared with $1.14 billion, or $1.86 per share, for the same quarter in 2007. http://www.ibtimes.com/articles/20080429/valero-1q-profit-drops-on-lower-margins.htm Tue, 29 Apr 2008 07:56:13 EDT Valero Energy Corp. has won a a $397.4 million Defense Logistics Agency contract to supply aviation fuel, the Defense Department said late Monday. Shares of the San Antonio-based company rose $1.15,... http://www.ibtimes.com/articles/20080401/valero-wins-397-4m-dod-fuel-contract.htm Tue, 01 Apr 2008 10:38:01 EDT Shares of Valero Energy are up almost 3 percent after an analyst at Deutsche Bank raised his rating on the refining stock to "Buy." Sankey suggests investors are undervaluing the company by more than 30 percent, based on the value of refineries Valero is selling off. He previously rated the shares "Hold." http://www.ibtimes.com/articles/20080327/valero-shares-rise-after-upgrade-to-buy.htm Thu, 27 Mar 2008 13:38:06 EDT Among the earnings projection stories for Monday, March 24, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080324/outlook-roundup-valero-energy.htm Mon, 24 Mar 2008 18:23:50 EDT Oil refiner Valero Energy Corp. on Monday forecast first-quarter profit below Wall Street analyst estimates, due to lower refining margins and operating and equipment problems. http://www.ibtimes.com/articles/20080324/valero-sees-1q-profit-below-analysts.htm Mon, 24 Mar 2008 16:53:50 EDT The chairman and chief executive of Valero Energy Corp. received compensation valued at $14.5 million last year, nearly double what he got the year before. http://www.ibtimes.com/articles/20080317/valero-ceo-makes-14-5-million.htm Mon, 17 Mar 2008 17:08:44 EDT Processing units at Valero Energy Corp.'s refinery on this southern Caribbean island are operating at reduced rates since a key unit caught fire late last month. http://www.ibtimes.com/articles/20080213/aruba-refinery-works-at-reduced-rates.htm Wed, 13 Feb 2008 19:52:00 EST Among the earnings stories for Tuesday, Jan. 29, from AP Financial News: SAN ANTONIO (AP) _ Oil refiner Valero Energy Corp. reported fourth-quarter earnings of $567 million Tuesday, about half the profits earned during the same period last year, as margins were squeezed by higher crude prices. http://www.ibtimes.com/articles/20080129/earnings-roundup-valero-energy-paccar.htm Tue, 29 Jan 2008 14:28:25 EST Valero Energy Corp. reported fourth-quarter earnings of $567 million Tuesday, about half the profits earned during the same period last year, as margins were squeezed by higher crude prices. http://www.ibtimes.com/articles/20080129/valero-q4-profit-sinks-on-tight-margins.htm Tue, 29 Jan 2008 09:09:36 EST