Mitsubishi PKH18FK/FL
The company also indicated that it is considering an offerinf of 40 million shares ofcommon stock. Valero’xs (NYSE: VLO) second quarter 2009 results, whic will end June 30, have been impactefd by an extended downtime at its Delawarre City and McKee refineries and a continuatioh of weak sour crude oil discountsw and lowereddiesel margins. Over the past threr months, Valero has acquired seven ethanool plants and a site currently under developmentfrom VSUNQ) for $477 million, excluding workintg capital. Valero also previously agreed tobuy ’s DOW) 45 percent ownershipo interest in Total Raffinaderij Nederland N.V. for $600 excluding working capital.
The company expects its totap capital expenditures in 2009 tobe $2.5 of which $1 billion is for strategivc projects. “Including the two acquisitions and our strategiccapital projects, we expect to invest roughly $2 billiohn in growth investments this year,” Valero Chairmahn and CEO Bill Klesse “Combining the $1 billion debt issuance in March with the 40 million common share offering announced today, we are able to continues to make strategic investments, whilre maintaining our strong balance Valero owns and operates 16 oil refineriesz throughout the United States, Canada and the Caribbean with a combinecd throughput capacity of 3 milliom barrels per day.
Valero also owns sevehn ethanol plants in the Midwest with a combinerd capacity of 780 millionj gallonsper year. Valero also has a network of 5,80 0 wholesale and retail gas outlets.
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