© Reuters. FILE PHOTO: The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo
(Reuters) – Valero Energy Corp (NYSE:) on Tuesday reported a first-quarter profit compared to a year-ago loss, thanks to higher demand for fuel and refined products.
Net profit attributable to the company’s stockholders was $905 million, or $2.21 per share, for the three months ended March 31, compared with a loss of $704 million, or $1.73 per share, in the year-ago quarter.
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