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Valero Energy 1Q adjusted profit misses analysts’ estimates

Valero Energy 1Q adjusted profit misses analysts' estimates

SAN ANTONIO (AP) — Valero Energy’s first-quarter adjusted profit missed analysts’ estimates, as the oil refiner contended with lower product margins. Shares fell more than 2 percent before the market open on Tuesday. For the three months ended March 31, Valero Energy Corp. earned $495 million, or $1.05 per share. A year ago the San Antonio-based company earned $964 million, ...

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Valero Energy posts better-than-expected profit

Valero Energy posts better-than-expected profit

Valero Energy reported higher-than-expected earnings on Thursday. The San Antonio-based company earned $862 million in profit during the fourth quarter 2015. The San Antonio oil refiner reported earnings of $1.79 per share, beating the average estimate of $1.41 per share. High crack spreads, the difference between crude oil and refined petroleum products, have meant strong profits for oil refiners despite ...

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Valero CEO enjoys $813 k in stock sales

Valero Energy Corp. Director Stephen Waters nabbed more than $300,000 through an inside trade of 5,000 shares of company stock last week. The San Antonio Journal reports that Waters still owns more than 13,000 shares of the company, totaling up to nearly $813,000 based off of the average stock sale price of $60.47. Octafinance released an investment report that suggests, ...

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‘Open carry,’ fracking bills return after technical delay

Texas House

AUSTIN, Texas — Two of the Texas legislative session’s most-watched bills are again scheduled for debate and likely passage — three days after a technicality raised by Democrats temporarily derailed them. The Texas House had been poised to vote Tuesday on allowing licensed Texans to wear handguns in plain sight, overturning a Civil War-era ban on “open carry.” Also up ...

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4 San Antonio Democrats vie to fill vacant Texas House seat

SAN ANTONIO — Voters in western San Antonio are choosing a successor for state Rep. Jose Menendez, who left office in February to become a Texas senator. Four Democratic candidates squaring off Tuesday are former San Antonio City Council member Delicia Herrera, ex-Bexar (bayr) County prosecutor Ina Minjarez, firefighter Nathan Alonzo and insurance agent David Rosa. The race should conclude ...

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Baker Hughes moves out of Alice, 50 jobs cut

Bad news for Baker Hughes employees in Alice, Texas, where the company has closed its hydraulic fracturing facility. The shutdown that occurred Monday means 50 folks are out of work. However, Baker Hughes has claimed that some of those jobs are moving to San Antonio. South Texas television station KIII-TV reported that some employees were laid off Monday while others ...

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