DD: Valero Energy Corportation (VLO)

- Valero Energy Corporation (VLO) is the world's largest independent petroleum refiner - They have 15 refineries with a combined capacity of 2.9 million barrels per day - Valero has a strong balance sheet with $58 billion in total assets and $10 billion in long-term debt - Recent earnings have been impressive, with Q1 2024 net income of $1.2 billion and FY 2023 net income of $8.8 billion - Valero's ethanol segment is growing due to environmental regulations and renewable fuel standards - The company is committed to returning cash to shareholders and advancing its low-carbon fuels strategy - Consider investing in Valero stock (YOLO 200 June 21 calls)