The company has been forecast by analysts surveyed by Thomson Reuters to post earnings of $2.66 per share on revenue of $18.23 billion for the September ended period.
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Marathon Petroleum Corp.is set to report third-quarter results on Thursday, followed by Phillips 66 on Friday. It represents a year-over-year (YoY) decline of nearly 30%.
Looking ahead to future earnings growth, analysts are expecting Valero Energy Corporation (NYSE:VLO) to report earnings per share of $2.04 for the quarter ending on 2015-09-30. Valero has managed to beat the analysts’ estimates for EPS in each of the past eight quarters.
The company said revenue for the quarter fell 34.4% to $22.58 billion.
Valero’s board has approved a 25 percent increase in the company’s regular quarterly cash dividend to 50 cents a share from 40 cents, effective December 17 to holders of record on November 23. BP’s average realized price per barrel of oil in the third quarter was $44.01 compared with $91.42 in the third quarter of a year ago. But those low crude prices have ushered in good times for independent refiners, including San Antonio’s Valero Energy Corp. and Tesoro Corp.
Joe Gorder, Chairman, CEO and President of Valero, has expressed his delight at the company’s quarterly and yearly performance.
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Across the Street, Valero is recommended by majority of the analysts.
