VLO Valero Energy Corp.

US Senator Chris Murphy: “…in one of these briefings, we did get a chance to have a fairly detailed conversation about what the war plan would be if we restart military operations. You heard a preview that it would be a short duration plan. I will say this: their plan is insane…it will lead to devastating escalation & the likely destruction of our commitment to the rule of law. There’s been reporting about civilian infra we’re targeting. The plan they’ve developed will lead in my view to prolongment and escalation of the war that will be devastating to our security interests.” $VLO $LNG $VG $XLE $BWET

$VLO Whose running this country? "U.S. President Donald Trump told Israeli Prime Minister Benjamin Netanyahu in a phone call on Saturday that he preferred to give diplomacy more time before deciding whether to resume military action. The approach concerned Netanyahu, who pressed for U.S. strikes to restart shortly after the midterm elections." It's anyone's guess where the bottom of the $QQQ $NDAQ $SPY will be, and everyone knows that neither PDF/Taco nor Iran will budge.

$VLO $MPC $PSX Whelp. 2 Russian refineries were struck over the weekend. The Novokuybyshevsk looked particularly nasty. I'd expect to see a) diesel prices go up, and b) the Russian oil import agreement to be under threat. Rationality would say American refiners would go up on the news, but we'll see.

Global refining crisis is worsening, as war damage to Middle Eastern refineries & Ukrainian drone strikes on Russian facilities severely restrict fuel supplies IIR: Over 12% of global refining capacity is off-line Ten years ago, European countries were closing refineries while Gulf oil states were building new ones. Now, many of these refineries have been damaged in the war b/n the US/Israel & Iran and Russia & Ukraine The Ukrainian army has launched more than 100 drone attacks on Russian refineries over the past few months. Some 30 refineries have been targeted, representing 80% of the country’s total refining capacity. Pre-war capacity was 6.1Mbpd vs now at 1.6Mbpd (19 refineries are offline completely & damaged several others). In all, Ukraine has taken out 59% of Russia’s fuel-making capacity. Before the strikes, the Russia was one of the world’s top suppliers of diesel, accounting for roughly 10% of the global market, but Moscow suspended exports in July to protect its domestic supplies. Trump Admin deal w/ Russia only brings in 75K barrels Rumour: US oil industry executives didn’t advocate for a diesel deal w/ Russia - they offered a different idea to the Trump admin last month: ask China to boost refinery output Note: President Trump has threatened to restart hostilities against Iran after the midterm elections on Nov 3 Rumour: Washington had warned its Gulf allies to prepare for “a short, intense military campaign after the US midterm elections,” This means that Iran will retaliate, & refineries in the region would be among the obvious targets The US-Iran War in the Middle East has led to more than a dozen direct attacks on refineries throughout the region, which together have an operating capacity of 7.6Mbpd The damage to these facilities has reduced fuel production capacity by more than 1Mbpd, including at Saudi Arabia's Jazan facility, which was hit by Houthi militants in Sept & remains completely offline. The situation is dire in Saudi Arabia, which has seen a roughly 25% drop in its oil refining capacity because of attacks & logistical bottlenecks Note: Yemeni Houthis just claimed responsibility for their latest attack on Saudi infrastructure: the Ras Tanura refinery, which has a capacity of 550Kbpd President Trump has repeatedly blamed Ukraine’s attacks on Russian oil refineries for high fuel prices, while playing down the impact of the conflict in the Middle East that halted oil-tanker traffic thru the vital Strait of Hormuz until recent weeks US is exploring other ways to try to ease fuel prices. Among them is invoking the Cold War-era Defense Production Act to spend up to $150M to expand refining capacity. Any investments, though, could take years to bear fruit given the complexities of refining facilities & the logistics of supplying them w/ crude. Typically, big upgrades for large refineries cost multiple billions of dollars & not millions $VLO $PSX $SHEL $XOM $SU

$VLO Valero in the AM. Record earnings likely. But are we reaching peak crack spreads? (no position)

$VLO Earnings in the morning. Little price change this week, but relatively large intraday swings. Down from $460 8 days ago, going below $430 presented a few good entry points. We'll see if someone took the opportunity to accumulate before earnings. This'll probably set the tone for $PSX , $MPC , and others, since there'll be oil and gas earnings over the next couple of weeks. They have a low bar to beat for revenue guidance, 5% lower than last quarter. That's probably priced in, so the question is whether they beat guidance by a little, or a LOT.

US refiners hit highest utilization rates (95% from May to Sept) - highest since 1998 EIA: “High international demand for US distillate fuel oil exports has kept refinery outputs elevated" Since 1991, US refinery utilization has averaged 92% from May to September, compared with 88% across the other seven months. US refineries typically ramp up production during the summer months to meet soaring gasoline demands & then lower rates across the remaining months of the year As we moved into Oct, US refinery utilization rates did dip slightly from their impressive summer highs, though they continue to hover above the 5-year seasonal avg for the first 3 weeks of the month. A temporary slowdown could affect inventory levels Further, despite achieving the highest refinery utilization levels in more than 2 decades this summer, it’s essential to recognize that total US refinery output hasn’t peaked alongside the utilization rates. The overall output has only been the highest since 2019, driven by a -4% decrease in refining capacity since then. This means that while refineries are running at higher rates, their total production capacity has diminished Fed: As refined product inventories have declined, the difference between the price of oil and the wholesale prices of diesel, gasoline & jet fuel has increased well beyond normal. These differences, known as crack spreads, have exceeded levels last seen in 2022 following Russia’s invasion of Ukraine & the subsequent market disruption Taken together, refining capacity curtailment & depleted inventories are driving a blowout in fuel prices $VLO $XOM $SHEL $PSX $BP

$VLO Hold and buy the dip if you got the funds. 46B in sales last quarter. They have punished this stock and its holders trying to buy it cheaper. Valero will start buy backs in 1-2 weeks and ex dividend date is Nov 20th to qualify for dividend payment of $1.20 p/s held. Oil and energy will be the play going into the future. Buy and hold. Target $500++

$VLO $MPC What IS going on? 2 weeks ago, these 2 were about $20 apart. Now it's about $60. Did something change between the two of them? Both should be going up, but Valero in particular. Booming business. Global shortage. Near to bringing their damaged facility fully online. Single. Digit. PE. Ratio. The price could Triple, with no increase in revenue, and would only have a PE ratio around Nvidia's. Is there any rational explanation behind this price action?

$VLO is ranked #3 in energy momentum. I used Stock Meadow’s scoring model to review the scores. What do you think?

$VLO This is likely going to Valero. It operates the Bill Greehey Refinery in Corpus Christi and has the ability to process Venezuelan heavy crude.

Refiners are getting hammered today. $VLO -8.8% $DINO -8.2% $MPC -7.1% $PSX -6.6% Meanwhile, crude is down just 2%, gasoline futures are off 5%, and $XLE is down less than 2%.

$VLO the world doesnt need refineries now? SMH. I bet a big nosed tiny hat wearer is involved in this massive corruption. 46B last quarter in sales. Record profits and the stock just crashes down? Then I see stocks with - negative earnings soar into the sky. So corrupt and fixed. Its

$VLO Q3 '26 Earnings Results & Recap Valero reported revenues of $46.1B and net income attributable to stockholders of $6.83B, or $23.89 per diluted share, in the third quarter of 2026.

$VLO we're green today whereas crude is red. That should tell us something. High gas prices are established and solid, reset, and here to stay. So are defensive names like $WMT

$VLO where's the buy point? Taco might tweet something the save this imminent crash of the indexes again and there could be a pull back for a retest of support.

$VLO $MPC $PSX Citgo Raises 2026 Operating Profit Outlook By $2 Billion On Surging Fuel Margins-Bloomberg Yeah I bet they are Citgo, the Venezuelan-owned, US-based refiner, raised its 2026 operating profit outlook by $2 billion on surging fuel margins

$VLO LOL Russia has like 32 to 33 major oil refineries. While at least 24 of these facilities have been struck and damaged by Ukraine there are lines in Russia waiting for diesel fuels good luck America diesel price will continue to hit 7$ plus soon , thing is about to come unglued when there is a need a tweet is send out to jawbone diesel price

$VLO struggling to stay green 💚 when oil is up over 2%. Its amazing the manipulation and control the (((chosen))) people have over everything. Just gonna have to hold until 2027 then. Oil will be $150 per barrel + Shipping, insurance and inflation will absolutely blow up the prices on EVERYTHING. INCOMPETENT LEADERSHIP FROM TOP TO BOTTOM.

$VLO secured an agreement to acquire LyondellBasell's 700-acre Houston refinery hub for $320.5 million, pending closing by year-end.