Valero Energy's profit falls on lower refining margins

Thu Jan 28, 2016 7:17am EST
 
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Jan 28 (Reuters) - U.S. refiner Valero Energy Corp reported a 74 percent decline in quarterly profit, hurt partly by lower refining margins.

Net income attributable to Valero's stockholders fell to $298 million, or 62 cents per share, for the fourth quarter ended Dec. 31, from $1.16 billion, or $2.22 per share, a year earlier.

Operating revenue fell 33 percent to $18.78 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)