Valero Energy: Ongoing Fuel Shortages Lead to Exceptionally High Refinery Margins

Valero benefits from exceptionally high refinery margins as diesel, kerosene, and gasoline remain scarce worldwide. In Q2, the refinery margin per processed barrel increased from $12.35 to $23.62, with the adjusted refinery profit jumping to $4.44 billion. The stock marks a new all-time high, while high crack spreads provide further profit potential. Valero Energy (VLO) is currently one of the most notable winners in the tight fuel market. Since the beginning of 2026, the stock has increased by about 158% and marked a new all-time high...