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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Valero Energy Corporation | NYSE:VLO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.78 | 1.14% | 157.71 | 158.09 | 153.38 | 155.16 | 2,799,067 | 01:00:00 |
From May 2019 to May 2024
By Tess Stynes
Valero Energy Corp. (VLO) said its board authorized the repurchase of an additional $2.5 billion of the oil refiner's shares, bringing the total amount under the company's stock buyback plan to $2.9 billion.
Shares rose 1.7% to $68 in recent after-hours trading.
The San Antonio, Texas-based company said its previous stock repurchase program had $400 million remaining.
Valero, the largest refiner in the U.S., during April had reported that its first-quarter revenue tumbled 37%, though results still exceeded Wall Street expectations due to steep cost cuts and stronger volume and margins in its refining division.
Valero recently had a market capitalization of roughly $33.49 billion, according to FactSet.
The company plans to release its second-quarter financial results July 30.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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