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logoArgusOctober 26, 2020

Valero Energy Corporation: Reaffirming BUY following 3Q20 results

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With total capacity of approximately 2.9 million barrels per day, Valero is the world's largest independent petroleum refiner and marketer. The company has 15 refineries and 11 ethanol plants in the U.S., Canada, the United Kingdom and the Caribbean, and its refineries are able to process heavy, low-quality crude oil. Through subsidiaries, Valero owns the general partner of Valero Energy Partners LP (NYSE: VLP), a midstream master limited partnership.

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Analyst Profile

William V. Selesky

Senior Analyst: Basic Materials
Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, he also served as part of a team that managed $9 billion in active equity products. Prior to working in the investment field, Bill spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services. Bill has a Masters of Business Administration degree in Investment Finance from Pace University, and a Bachelor of Science degree in Economics from Fordham University.