SAN ANTONIO (AP) _ Valero Energy Corp. (VLO) on Thursday reported fourth-quarter profit of $3.11 billion.

On a per-share basis, the San Antonio-based company said it had net income of $8.15. Earnings, adjusted for non-recurring costs and asset impairment costs, were $8.45 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.45 per share.

The oil refiner posted revenue of $41.75 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $40.91 billion.

For the year, the company reported profit of $11.53 billion, or $29.04 per share. Revenue was reported as $176.38 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLO at https://www.zacks.com/ap/VLO

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