1428 ET - Valero Energy's renewable diesel segment could set it apart from competitors when it reports 4Q earnings on Thursday, Morgan Stanley analysts say. Valero is one of the few in its industry expected to see renewables earnings growth above breakeven levels in its fourth quarter, the analysts say. It has one of the largest renewable diesel footprints among refining companies, and is a first-mover as it expands to sustainable aviation fuel. Analysts expect big energy companies to be less vulnerable to potentially restrictive legislation, as the Trump administration is set to finalize a clean fuel production credit. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
January 28, 2025 14:28 ET (19:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.