For a specific group of oil companies, low oil prices are a good thing.
The dollar was weak until a couple months ago and now it’s at a high and so when the dollar gets strong, it hurts the multinationals.
The energy infrastructure sector has continued to decline, even as the price of crude oil has climbed and stabilized.
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.
| Website: | www.valero.com |
| Email: | investorrelations@valero.com |
| Main Phone: | +1 210 345-2000 |
| Address: | One Valero Way |
| State: | TX |
| City / Town: | San Antonio |
| Country: | US |
| Postal Code: | 78249 |
| Exchange: | NYE |
| CEO: | Joseph W. Gorder |
| Employees: | 9964 |
| NAICS: | Petroleum Refineries(324110) |
For a specific group of oil companies, low oil prices are a good thing.
The dollar was weak until a couple months ago and now it’s at a high and so when the dollar gets strong, it hurts the multinationals.
The energy infrastructure sector has continued to decline, even as the price of crude oil has climbed and stabilized.
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