Thread regarding Valero Energy Corp. layoffs

Q1 results

  • Reported net income attributable to Valero stockholders of $905 million, or $2.21 per share
  • Reported adjusted net income attributable to Valero stockholders of $944 million, or $2.31 per share
  • Returned $545 million in cash to stockholders, with $401 million paid as dividends and $144 million of stock buybacks
  • Reduced Valero’s long-term debt by $750 million in the first quarter and by $2.0 billion in six months
  • Accelerated the expected completion of the Diamond Green Diesel project at Port Arthur (DGD 3) to the fourth quarter of 2022

[https://www.businesswire.com/news/home/20220425005988/en/Valero-Energy-Reports-First-Quarter-2022-Results]

On the other hand, as an employee here I have no sense of recovery at all. Any comments on report?

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