SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported second-quarter profit of $1.94 billion.

The San Antonio-based company said it had profit of $5.40 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.08 per share.

The oil refiner posted revenue of $34.51 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $34.82 billion.

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