Refiner Valero Energy's quarterly profit doubles

Thu Jul 30, 2015 7:39am EDT
 
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July 30 (Reuters) - U.S. refiner Valero Energy Corp's quarterly profit more than doubled as refining margins rose due to a steep fall in oil prices.

Net income from continuing operations attributable to Valero's stockholders rose to $1.35 billion, or $2.66 per share, in the second quarter ended June 30 from $651 million, or $1.22 per share, a year earlier.

The San Antonio-based company's operating revenue fell 28 percent to $25.12 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)