Valero Energy's quarterly profit climbs, CST sale helps

Reuters

Jan 29 (Reuters) - Valero Energy Corp on Wednesday said its fourth-quarter profit rose as the largest independent U.S. refiner processed more crude and sold its interest in its retail business, CST Brands Inc.

Profit in the quarter was $1.3 billion, or $2.38 per share, compared with $1 billion, or $1.82 per share, in the same quarter a year earlier.

Last week, Valero said it expected its earnings excluding items to top analysts' estimates.

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