Valero and US Refiners Expected to Report Record Earnings as Global Fuel Supply Tightens

Major US oil refiners, including Valero Energy (NYSE:VLO), Marathon Petroleum (NYSE:MPC) and Phillips 66 (NYSE:PSX), are expected to report substantially higher third-quarter earnings as disruptions to global fuel production support refining margins. Analysts anticipate that the three companies could exceed their near-record second-quarter profits, benefiting from shortages of refined petroleum products linked to conflicts in the Middle East and Ukraine.