earnings
Refining Turnaround Boosts Income: Feedstock Choice Drives Returns (VLO Q1 2026 Earnings Call)
Valero Energy Corporation delivered a powerful financial and operational turnaround, swinging to strong profitability as geopolitical product supply disruptions and feedstock flexibility bolstered refining margins. By leveraging its complex refining network to process discounted heavy sour crude grades, the company successfully optimized product yields to capture premium margins in a tight global market.