Valero Energy stock slides 6.61% and underperforms rivals
Updated
Updated · MarketWatch · May 6
Valero Energy stock slides 6.61% and underperforms rivals
12 articles · Updated · MarketWatch · May 6
Shares closed at $236.69 on Wednesday, while the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly strong market session.
The drop ended a two-day winning streak, and Valero lagged Exxon Mobil, Chevron and ConocoPhillips, whose shares also fell but by smaller margins.
Trading volume reached 4.4 million shares, above the 50-day average of 3.9 million, and the stock finished 8.41% below its March 30 52-week high of $258.43.
With record profits but major operational setbacks, is Valero a smart investment or a growing risk for shareholders?
Will Valero's refinery troubles and high oil prices lead to even more expensive gasoline for American consumers this year?
As Valero exits California refining, can its pivot to green fuels offset growing operational and regulatory risks?