Valero (VLO) Beats Q4 Earnings Estimates, Hikes Dividend

Valero Energy Corporation (VLO) has reported fourth-quarter 2023 adjusted earnings of $3.55 per share, beating the Zacks Consensus Estimate of$2.95 per share. However, the bottom line significantly declined from the $8.45 reported in the year-ago quarter.Total quarterly revenues dipped from$41,746 million in the prior-year quarter to $35,414 million. The top line also missed the Zacks Consensus Estimate of$37,115 million.Better-than-expected quarterly earnings were primarily driven by a decline in total ...