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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Paul Kern10/23/2006 9:10:55 AM
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DJ Valero Energy Board OK's Added $2B Stock Buyback >VLO

DOW JONES NEWSWIRES

Valero Energy Corp. (VLO) Monday said its board has authorized the repurchase of up to an additional $2 billion worth of its common stock.

The company said it has bought back roughly 33 million shares so far this year at a cost of about $1.9 billion.

Shares of the San Antonio, Texas-based oil and gas company closed Friday at $52.09, down 1.6%.
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