(https://www.cnbc.com/2026/08/17/refiner-stocks-are-on-a-nearly-unprecedented-run-history-says-it-could-end-soon.html) — and the headline even warns you it's ending. But nobody's talking about the real clock: the 30Y yield just hit 5.29%, highest since 2007. That's not a scare headline. That's a financing wall. Here's what the data shows. VLO posted net margins with annual revenue and in operating cash flow.

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