America's largest independent oil refiners, Valero Energy (VLO), Marathon Petroleum (MPC), and Phillips 66 (PSX), are projected to report sharply higher Q3 earnings, potentially surpassing previous records. Analysts attribute this to widening crack spreads and global fuel shortages exacerbated by conflicts and reduced refining capacity. Valero's pretax earnings could jump 50% QoQ, while Marathon's EPS is forecast to rise sevenfold YoY. The sector has seen significant stock gains, with all three closing at record prices recently 🔗.
Valero stock set for record profit as global fuel shortage widens
STREETINSIDER.COMOct 9, 9:47 AM UTC
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