Valero Energy Says It Pivoted To Process More Venezuelan Crude After Spike In Canadian Crude Prices
VLO•Valero provides operating and capital update on conference call
- Valero Energy expects capital investments attributable to the company for 2026 to be about $2 billion.
- Valero Energy expects to run refineries above 93.3% of capacity in the third quarter of 2026.
- Valero Energy expects Q3 sales volumes of about 335 million gallons in its renewable diesel segment.
- Valero Energy expects to produce 4.8 million gallons in Q3 in its ethanol segment.
- Valero Energy expects Port Arthur DHT unit repairs to complete and return to service by year end.
- Valero Energy estimates repair costs to be about $250 million related to the Port Arthur DHT unit restart.
- Valero Energy expects to see processing rates of Venezuelan heavy crude in the coming months that exceed historical maximum.
- Valero Energy said it pivoted to process more Venezuelan crude after a spike in Canadian crude prices.
