
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
$56.09B
P/E (TTM)
37.1
28
Dividend Yield
2.5%
52W High
$192.00
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
Q3 2025 Data
Revenue
$32.17B-2.15%
4-Quarter Trend
EPS
$3.54+210.53%
4-Quarter Trend
FCF
$1.70B+57.05%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Net Income Halved Post-Impairment Net income attributable to stockholders $1.214B for nine months 2025, a decrease of $1.275B versus 2024.
Revenues Decline on Prices Total revenues $92.315B (9M 2025), down $6.810B from 2024, driven by lower petroleum fuel selling prices.
Major California Refinery Impairment Recognized combined asset impairment loss of $1.1B in March 2025 due to California operational restrictions evaluation.
Strong Liquidity Maintained Total liquidity stood at $9.893B as of September 30, 2025, supported by $3.769B operating cash flow.
Risk Factors
California Refinery Closure Plan Approved plan to cease Benicia Refinery operations by April 2026 due to operational restrictions and uncertainty.
Renewable Diesel Margin Drops Renewable Diesel segment operating income fell $585M due to higher feedstock costs and reduced sales volumes.
Crude Oil Differential Volatility Crude oil differentials expected to widen due to increased sour crude production and potential sanction adjustments.
Increasing Environmental Compliance Costs Operations face potential increased costs as environmental laws become more complex, stringent, and continuously enacted.
Outlook
Capital Investment Program Planned Expect to incur approximately $1.9B in capital investments attributable to Valero during the 2025 fiscal year.
Evaluating Remaining California Assets Continue evaluating strategic alternatives for remaining operations in California following the planned refinery cessation.
Global Fuel Demand Rising Global demand for gasoline, diesel, and jet fuel continues to rise, supporting utilization of global refining capacity.
Debt Repayment and Buybacks Used $3.8B operating cash and debt proceeds to repay debt and return $2.6B to stockholders in 9M 2025.
Peer Comparison
Revenue (TTM)
MPC$133.07B
PSX$132.51B
VLO$123.07B
Gross Margin (Latest Quarter)
60.6%
SU60.3%
TRP48.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SLB | $67.45B | 18.2 | 16.8% | 23.2% |
| E | $57.63B | 17.8 | 5.4% | 25.7% |
| VLO | $56.09B | 37.1 | 6.2% | 18.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.5%
Moderate Growth
4Q Net Income CAGR
57.4%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$2.93
|Revenue:$28.43B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 23, 2025|Revenue: $32.17B-2.2%|EPS: $3.54+210.5%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 24, 2025|Revenue: $29.89B-13.3%|EPS: $2.28-15.9%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 24, 2025|Revenue: $30.26B-4.7%|EPS: $-1.90-150.7%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $129.88B-10.3%|EPS: $8.58-65.6%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $32.88B-14.4%|EPS: $1.14-84.8%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 25, 2024|Revenue: $34.49B-0.1%|EPS: $2.71-49.9%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 25, 2024|Revenue: $31.76B-12.8%|EPS: $3.75-54.7%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 22, 2024|Revenue: $144.77B-17.9%|EPS: $24.95-14.2%Meet