MT Newswires Live01:42
Valero Energy (VLO) said in a filing Thursday that its board has authorized the purchase of the company's common stock worth $5 billion, in addition to the amount remaining under its existing buyback program.
As of June 30, the company had $1.4 billion available under its share repurchase program, according to a filing with the US Securities and Exchange Commission.
Shares of Valero Energy were up 1.7% in Friday trading.
Price: 305.47, Change: +5.21, Percent Change: +1.74
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