Valero Energy Corporation (VLO) Q3 2022 Earnings Call Transcript

Valero Energy Corporation (NYSE:VLO) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET

Company Participants

Homer Bhullar - Vice President-Investor Relations & Finance

Joe Gorder - Chairman & Chief Executive Officer

Lane Riggs - President & Chief Operating Officer

Jason Fraser - Executive Vice President & Chief Financial Officer

Gary Simmons - Executive Vice President & Chief Commercial Officer

Rich Walsh - Senior Vice President, General Counsel & Secretary

Eric Fisher - Senior Vice President-Wholesale Marketing & International Commercial Operations

Conference Call Participants

Doug Leggate - Bank of America

John Royall - JPMorgan

Theresa Chen - Barclays

Sam Margolin - Wolfe Research

Ryan Todd - Piper Sandler

Paul Sankey - Sankey Research

Connor Lynagh - Morgan Stanley

Paul Cheng - Scotiabank

Roger Read - Wells Fargo

Neil Mehta - Goldman Sachs

Jason Gabelman - Cowen

Matthew Blair - Tudor, Pickering, Holt

Operator

Greetings, and welcome to Valero’s Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Homer Bhullar, Vice President, Investor Relations and Finance. Thank you. Please go ahead.

Homer Bhullar

Good morning, everyone, and welcome to Valero Energy Corporation’s third quarter 2022 earnings conference call. With me today are Joe Gorder, our Chairman and CEO; Lane Riggs, our President and COO; Jason Fraser, our Executive Vice President and CFO; Gary Simmons, our Executive Vice President and Chief Commercial Officer and several other members of Valero’s senior management team.

If you have not received the earnings release and would like a copy, you can find one on our website at investorvalero.com. Also attached to the earnings release are tables that provide additional financial information on our business segments and reconciliations and disclosures for adjusted metrics mentioned on this call. If you have any questions after reviewing these tables, please feel free to contact our Investor Relations team after the call.

I would now like to direct your attention to the forward-looking statement disclaimer contained in the press release. In summary, it says that statements in the press release and on this conference call that state the company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the Safe Harbor provisions under federal securities laws. There are many factors that could cause actual results to differ from our expectations, including those we’ve described in our filings with the SEC.