Valero Energy Corporation reported its fourth-quarter and full-year 2024 results, revealing revenues of $30.76 billion, surpassing analysts' expectations of $28.92 billion. Despite a sharp decline in earnings per share (EPS), which fell to $0.64 from $3.57 in the same quarter of 2023, the company beat profit estimates that anticipated only $0.07. The refining margin per barrel was reported at $8.44, exceeding the expected $7.83. Valero's EBITDA for the quarter was $1.052 billion, significantly higher than the consensus estimate of $823 million. In contrast, Exxon Mobil Corporation announced its 2024 results, reporting a 67% decline in refining profits, while Chevron disclosed a 72% drop. However, Exxon managed to beat earnings estimates due to strong production growth in the Permian Basin and Guyana, despite a revenue shortfall. The performance of both companies underscores the challenges facing the oil sector amid fluctuating prices and refining margins.