Valero’s per-barrel earnings
Valero Energy (VLO) witnessed a fall across the board in its refining operating income in 3Q16. The US West Coast (or USWC), where VLO has 0.3 MMbpd (million barrels per day) worth of refining capacity, saw the largest fall in its per-barrel refining operating earnings.
Earnings in USWC fell 79% over 3Q15 to $2.8 per barrel in 3Q16. The US Gulf Coast, which makes up 1.7 MMbpd of VLO’s refining capacity, witnessed a 48% fall in earnings over 3Q15 to $3.8 per barrel in 3Q16. VLO’s total refining capacity stands at 3.0 MMbpd.