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Valero Q4 2023 Margins Drop y/y

REFINING

Valero refining throughput volumes averaged 3.0mn bpd in the fourth quarter of 2023, -1.5% y/y.

  • All referring to q4 2023:
  • Gulf Coast refining margin +$1.95 billion, -48% y/y
  • Mid-Continent refining margin +$401 million, -52% y/y
  • North Atlantic refining margin +$846 million, -37% y/y
  • West Coast refining margin +$355 million, -5.6% y/y

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