In the midst of a generally pessimistic trading session that afflicted the broader stock market on Thursday, Valero Energy Corp. (NYSE:VLO) demonstrated remarkable resilience as its stock value surged by 2.33%, closing the day at $146.30. This marked the second consecutive day of gains for the energy giant, even as both the S&P 500 Index and Dow Jones Industrial Average weathered substantial declines, plummeting by 1.64% to 4,330.00 and 1.08% to 34,070.42, respectively.
Notably, Valero Energy’s closing price rested a mere $4.09 below its 52-week high of $150.39, a milestone achieved on January 27, 2023. When compared to its industry counterparts on Thursday, Valero Energy Corp.’s performance stood out distinctly. Exxon Mobil Corp. (NYSE:XOM) saw its shares decline by 1.41%, concluding the session at $114.76, while Chevron Corp. (NYSE:CVX) reported a 0.90% dip, with its shares settling at $165.19.
Trading volume was a significant highlight for Valero Energy Corp., as it witnessed a substantial surge on Thursday, with 6.8 million shares changing hands. This figure far exceeded the company’s 50-day average trading volume of 3.7 million shares.
