Investing.com - Valero Energy (NYSE:VLO) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.48 on revenue of $27.25B. Analysts polled by Investing.com forecast EPS of $1.39 on revenue of $25.54B. That compared to EPS of $2.01 on revenue of $30.85B in the same period a year earlier. The company had reported EPS of $1.51 on revenue of $28.93B in the previous quarter.
For the year, Valero Energy shares are up 25.18%, outperforming the S&P 500 which is up 21.3% year to date.
Valero Energy follows other major Energy sector earnings this month
On Thursday, Equinor ADR reported third quarter EPS of $0.31 on revenue of $15.72B, compared to forecasts of EPS of $0.3 on revenue of $16.08B.
Schlumberger earnings beat analyst's expectations on Friday, October 18, 2019, with third quarter EPS of $0.43 on revenue of $8.54B. Investing.com analysts expected EPS of $0.4 on revenue of $8.5B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar