With second-quarter earnings season picking up stream, Valero Energy (NYSE: VLO ) posted a tumultuous drop in year-over-year net income, but the refiner still beat analyst estimates with normalized earnings of $0.96 per share. With the United States' WTI crude benchmark closing the gap with the international Brent crude price, U.S. refiners are looking for new competitive advantages, and Valero is starting to make solid inroads. Check out the video below for more information on Valero's second quarter and see which direction the company is moving.
With WTI benchmarked crude trading over $100 once again, investors need to follow the money to find the most intriguing energy plays. To gear you in this direction, The Motley Fool has a limited time free report titled, "3 Stocks for $100 Oil." For FREE access to this special report, simply click here now.