Oil Investing News » Valero Energy Swung to 2Q Loss On Margin Pressure

Valero Energy Swung to 2Q Loss On Margin Pressure

July 28, 2009 @ 7:19 pm In Oil Company News

Valero Energy Corp. swinged to a second-quarter loss as an earlier strategy to process heavier grades of crude oil backfired amid falling sales volume and prices. In addition, diesel and jet fuel profit margins were weak.

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