Refiner posts higher profit on oil demand rebound

Valero Energy Corp said its adjusted profit rose in the second quarter from the previous three-month period, as fuel consumption improved with the easing of coronavirus-related travel restrictions.

Adjusted net income attributable to Valero stockholders was $197 million, or 48 cents per share, for the three months ended June 30, compared with $140 million, or 34 cents per share, in the prior quarter.

(Reporting by Arunima Kumar in Bengaluru; editing by Uttaresh.V)

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