Operator: Greetings, and welcome to the Valero Energy Corp. Third Quarter 2023 Earnings Call. [Operator Instructions]. As a reminder, this conference is being recorded.
Operator: Greetings, and welcome to the Valero Energy Corp. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
Reported net income attributable to Valero stockholders of $1.9 billion, or $5.40 per share
Returned over $1.3 billion to stockholders through dividends and stock buybacks
Declared a regular.
The stock of Valero Energy is down over -17% since I initially placed a Hold rating on the stock. Read more to see why I am upgrading the VLO stock to Buy.