Valero Energy stock rallies and outperforms competitors
Updated
Updated · MarketWatch · May 8
Valero Energy stock rallies and outperforms competitors
4 articles · Updated · MarketWatch · May 8
Shares rose 1.99% to $241.06 on Friday, while the S&P 500 gained 0.84% and the Dow Jones Industrial Average edged up 0.02%.
The advance ended a two-day losing streak and left Valero 6.72% below its 52-week high of $258.43 reached on 30 March.
Valero beat peers including Exxon Mobil, Chevron and ConocoPhillips, all of which fell, though trading volume of 2.8 million stayed below its 50-day average of 4.0 million.
While oil giants falter, Valero thrives. Is its refining-focused strategy truly superior in this volatile market?
Valero's profits are soaring from global chaos. How long can this last before the bubble bursts?