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Finance

The Best and Worst Energy Stocks of XLE in 2017

In the first nine months of 2017, Valero Energy reported revenues of ~$68 billion, which was ~24% higher than the first nine months of 2016 at ~$55 billion. In the first nine months of 2017, VLO reported net profits of ~$1.7 billion, which is lower than ~$1.9 billion in the same period in 2016. Lower profits in the first nine months of 2017 can be attributed to ~25% higher operating expenses of ~$65 billion compared to ~$52 billion in the first nine months of 2016.

Valero Energy will announce its 4Q17 and 2017 earnings on February 1, 2018, before the market opens.

Next, let’s compare Marathon Petroleum’s (MPC) 2017 returns with the broader market and energy commodities and analyze the fundamental metrics.

View more information: https://marketrealist.com/2018/01/best-worst-energy-stocks-xle-2017/

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