Valero Energy's Second-Quarter Results Get a Welcome Boost From Refining

With a refining operation as large as Valero Energy's (NYSE: VLO), even the slightest uptick in the refining market can have a noticeable effect on the bottom line. Thanks to slightly better margins and a low maintenance period for its refineries, Valero was able to exceed expectations for the second quarter.

What is even more promising, though, is that management expects the market to improve even more from here. Let's take a look at Valero's most recent quarterly earnings and see what management thinks will drive better results in the near future.

Image source: Getty Images.

Source: Fool.com