Valero Energy posts rise in third-quarter profit

Core Insights - U.S. refiner Valero Energy reported an increase in third-quarter profit, attributed to a rebound in refining margins [1] Company Summary - Valero Energy experienced a rise in profit during the third quarter, indicating a positive trend in its financial performance [1] - The improvement in refining margins played a significant role in boosting the company's profitability [1] Industry Summary - The refining sector is witnessing a recovery, as evidenced by the rebound in refining margins, which is beneficial for companies like Valero Energy [1]