Key Takeaways VLO benefits from weak WTI prices as cheaper crude boosts refining margins in the downstream business.Valero margins are set to improve as EIA sees crude at $51.42 in 2026 lower than $65.32 in 2025.VLO emphasizes returns to shareholders with a 58% average payout since 2014 and a 2.52% dividend yield.Valero Energy Corporation (VLO) is a leading oil and gas refiner with the capability to process both heavy and light crude into refined products. With benchmark West Texas Intermediate (WTI) crude ...