Valero’s profit falls by more than half in third quarter

By Rye Druzin, San Antonio Express-News  Valero Energy Corp.’s third quarter earnings slid 56 percent, but still beat analysts’ projections as oil prices started to stabilize. Valero Chief Executive Officer Joe Gorder called the third-quarter a “challenging earnings environment.” “Our team’s focus on safe, reliable, low-cost operations allowed us to deliver solid performance while executing major …
Source: FuelFix