12 Best Energy Stocks To Invest In Now

8. Valero Energy Corporation (NYSE:VLO)

Number of Hedge Fund Investors: 49

Valero Energy Corporation (NYSE:VLO) is one of the largest independent petroleum refining and marketing companies in the world. The company owns and operates refineries in the United States, Canada, and the United Kingdom. Valero Energy Corporation (NYSE:VLO) generates revenue by refining crude oil into petroleum products, including gasoline, diesel, and jet fuel, and selling these products to wholesale and retail customers.

Valero Energy Corporation (NYSE:VLO) is focusing on expanding its renewable fuels and low-carbon solutions to meet growing environmental demands and regulatory requirements. The company recently completed the Diamond Green Diesel Sustainable Aviation Fuel (SAF) project, which is now mechanically complete and in the process of starting up. This project, completed on schedule and under budget, is expected to produce high-quality renewable diesel and sustainable aviation fuel. Valero Energy Corporation (NYSE:VLO) is also actively exploring other renewable projects.

Valero Energy Corporation (NYSE:VLO) is also investing in advanced technologies and process improvements in its refineries to enhance efficiency and reduce operating costs. The company is leveraging digital transformation and automation to optimize refinery operations and improve asset utilization. These efforts are crucial in ensuring that Valero Energy Corporation (NYSE:VLO) remains a low-cost producer in the industry, which is essential for sustaining profitability during challenging market conditions. The company’s strong market presence in key regions such as the Gulf Coast, Mid-continent, West Coast, and North Atlantic, coupled with robust export capabilities ensures a diversified revenue stream.