Explosion Reported At Valero's Port Arthur Refinery, Police Advises Citizens To Shelter In Place

A significant explosion occurred at Valero Energy Corp.'s Port Arthur refinery in Texas, involving a heater unit, but no injuries have been reported and all workers are accounted for. Authorities have issued a shelter-in-place order for the surrounding areas and closed parts of the highway. The refinery has a production capacity of 380,000 barrels per day, though it is unclear if production was affected. Following the incident, Valero's stock declined by 1.03% to $237.39 during regular trading and fell an additional 1.4% in overnight trade.