Valero Energy authorizes share repurchase of up to $2.5 billion

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(Reuters) – Refiner Valero Energy (NYSE:VLO) on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date.

The buyback would be in addition to the amount remaining available for purchase under the $2.5 billion authorization that was approved in February, Valero said in a filing.