Valero Energy Corporation
NYSE•VLO
CEO: Mr. R. Lane Riggs
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Listing Date: 1982-01-04
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company owns and operates renewable diesel and ethanol plants, as well as produces renewable diesel and naphtha under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distiller grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
Contact Information
Market Cap
$66.19B
P/E (TTM)
28.0
20.2
Dividend Yield
2.1%
52W High
$232.99
52W Low
$99.00
52W Range
Rank27Top 14.4%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$31.73B+3.17%
4-Quarter Trend
EPS
$3.74+320.22%
4-Quarter Trend
FCF
$1.81B+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Refining Adjusted Income Surge Refining segment adjusted operating income increased $1.29B to $5.27B, driven by strong product margins across gasoline and distillates.
Strong Refining Margins Refining margin grew $2.08B to $13.40B, fueled by favorable distillate and gasoline margin increases.
Low-Carbon Project Completion Large-scale SAF production project at DGD Port Arthur Plant successfully completed in the fourth quarter of 2024.
Robust Liquidity Position Total liquidity reached $9.76B on December 31, 2025, supported by $4.46B cash equivalents.
Risk Factors
Renewable Diesel Segment Decline Operating income for Renewable Diesel fell $663M to a ($156)M loss due to higher feedstock costs and lower tax incentives.
California Asset Impairment Recognized $1.13B asset impairment loss for Benicia and Wilmington refineries following strategic review in March 2025.
Tax Incentive Transition Impact Transition from blender's tax credit to clean fuel production credit negatively impacted Renewable Diesel margins.
Volatile Margin Exposure Financial results remain highly dependent on volatile margins influenced by global crude oil and feedstock prices.
Outlook
2026 Capital Investment Plan Expected total capital investment for 2026 is $1.73B, including sustaining and growth projects.
Carbon Capture Evaluation Continue evaluating carbon sequestration and capture projects at ethanol plants to lower CI scores and generate tax credits.
Benicia Refinery Idling Processing units at Benicia Refinery are currently intended to be idled by the end of April 2026.
2026 Pension Contributions Plan to contribute approximately $70M to pension plans and $20M to postretirement plans during 2026.
Peer Comparison
Revenue (TTM)
$132.97B
$132.43B
$124.05B
Gross Margin (Latest Quarter)
77.8%
67.9%
61.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KMI | $73.33B | 24.0 | 9.9% | 43.4% |
| E | $71.97B | 23.8 | 5.2% | 28.2% |
| SLB | $71.94B | 21.1 | 14.6% | 21.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 22, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data