Not sure why CVX lowering guidance would have anything to do with VLO, because it sure didnt have much of an effect on its peers like COP, MRO, XOM, they are barely even touched, MRO is actually green now.
Correct......whole segment down on Chevron warning; they had a refinery fire that puts them out 5 months there and other things. Has nothing to do with how VLO is doing; they just had a record profit in September and margins are at record levels for this time of year. They keep moving expectations up for Q3 earnings. Market is just ugly.