Valero Energy Exec Says Gulf Coast Remains One Of The Most Advantaged Crude Markets Globally And Rising Freight Costs Further Supports That; Long-Term Outlook On Crude Differentials Remains Very Constructive; Says In A Good Position To Be Even More Aggressive With Shareholder Returns, Especially If Volatility Returns
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Why It Matters
Valero's leader says their Gulf Coast location is really good for making money. When shipping costs rise and markets get jumpy, the company may give more cash back to owners.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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