This Oil Stock Posted Stunning Profits in 2022. Is There More Fuel Left in the Tank?

This Oil Stock Posted Stunning Profits in 2022. Is There More Fuel Left in the Tank?

Valero (NYSE: VLO) ended 2022 with a bang. The fuel company reported $3.1 billion, or $8.15 per share, of net income in the fourth quarter, more than triple the prior-year period's $1 billion, or $2.46 per share. While robust market conditions helped power that surge, Valero also benefited from recently completed capital projects.