Valero Energy jumps 40% in 2026 on soaring oil prices and refining profits

Valero Energy Corporation's stock has surged over 40% in 2026, reaching a record high of $254.68 due to rising oil prices and increased refining margins. The sharp rise in crack spreads for gasoline and distillates has boosted Valero's profitability, with recent earnings surpassing estimates. Analysts expect upcoming results to continue outperforming forecasts, driven by strong crack spreads and geopolitical factors. Valero is rated a Strong Buy, though investors should watch market volatility closely.