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VALERO ENERGY CORP/TX

LISTEDNYSE
SYMBOLVLO
SIC2911
STATE OF INC.DE
FISCAL YEAR ENDSDecember 31
CIK1035002

PETROLEUM REFINING · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

REVENUES, NET INCOME AND FREE CASH FLOW BY FISCAL YEAR$ billions-500501001502002016201720182019202020212022202320242025RevenuesNet incomeFree cash flowEARNINGS AND DIVIDENDS PER SHARE$ per share-10.000.0010.0020.0030.002016201720182019202020212022202320242025EPS dilutedDividends per share

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)Amount%
Total debt8,26125.8
Stockholders' equity23,72574.2
Total capitalization31,986100.0

287,927,461 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 30 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)Amount
Long-term debt, incl. current maturities8,261
Long-term debt, noncurrent9,670
Current maturities949

CAPITAL STOCK 12/31/25

Common shares authorized1,200,000,000
Common shares issued673,501,593
Treasury shares374,561,457
Par or stated value per share ($)0.01
Outstanding at 7/24/26287,927,461

DIVIDENDS DECLARED/PAID

Fiscal yearPer share $Payout %
20254.5259.7
20244.2849.9
20234.0816.4
20223.9213.5
20213.92172.7

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as VALERO REFINING & MARKETING CO (to 21 July 1997).

BUSINESS: Classified by the SEC under Standard Industrial Classification 2911, Petroleum Refining. Large accelerated filer. Principal executive office: P.O. Box 696000, San Antonio, TX 78269-6000. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)12/31/2512/31/2412/31/23
Revenues122,687129,881144,766
Cost of revenues117,255125,076131,834
Depreciation and amortization634543
Operating income3,1813,75511,858
Interest expense556556592
Income before income taxes3,0053,69811,768
Income taxes7596922,619
Net income2,3482,7708,835
Earned per share, diluted ($)7.578.5824.92
Dividends per share ($)4.524.284.08

CONSOLIDATED BALANCE SHEET

($ millions)12/31/2512/31/24
Cash and equivalents4,6884,657
Receivables, net9,2079,731
Inventories7,5917,761
Total current assets23,21023,737
Property, plant and equipment, net27,61729,314
Goodwill260260
Total assets57,98860,143
Total current liabilities14,10915,495
Long-term debt9,6709,720
Stockholders' equity23,72524,512
Total liabilities and equity57,98860,143

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year endedRevenuesOper. incomeNet incomeNet margin %EPS diluted $Div. per share $Oper. cash flowCapital expend.Free cash flowTotal assetsTotal liabilitiesTotal debtStockholders' equityROE %Debt / equity
12/31/25122,6873,1812,3481.97.574.525,826––57,98831,383d8,26123,7259.90.35
12/31/24129,8813,7552,7702.18.584.286,6832,0574,62660,14332,622d8,08524,51211.30.33
12/31/23144,76611,8588,8356.124.924.089,2291,9167,31363,05634,532d9,21826,34633.50.35
12/31/22176,38315,69011,5286.529.043.9212,5742,7379,83760,98235,514d9,24123,56148.90.39
12/31/21113,9772,1309300.82.273.925,8592,4583,40157,88838,071d11,95018,4305.00.65
12/31/2064,912(1,579)(1,421)-2.2(3.50)3.929482,436(1,488)51,77432,132d13,01318,801-7.60.69
12/31/19108,3243,8362,4222.25.843.605,5312,8462,68553,86431,328d8,88121,80311.10.41
12/31/18117,0334,5723,1222.77.293.204,3713,37699550,15527,424d8,50321,66714.40.39
12/31/1793,9803,5634,0654.39.162.805,4821,3534,12950,15827,258d8,31021,99118.50.38
12/31/1675,6593,5342,2893.04.942.404,8201,2783,54246,17325,319d7,92620,02411.40.40

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

VALERO ENERGY CORP/TX
CIK 1035002 · EIN 74-1828067

PRINCIPAL OFFICE:

P.O. Box 696000, San Antonio, TX 78269-6000
Tel.: 2103454524

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

2911 · Petroleum Refining

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 25 February 2026

FORMER NAMES:

VALERO REFINING & MARKETING CO

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/18/268-Kperiod 9/17/26
7/30/2610-Qperiod 6/30/26
7/30/268-Kperiod 7/30/26
7/16/268-Kperiod 7/16/26
5/8/268-Kperiod 5/7/26
4/30/2610-Qperiod 3/31/26
4/30/268-Kperiod 4/30/26
3/19/26DEF 14Aperiod 5/7/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/22/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.

Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.

Data from SEC filings  ·  Educational only  ·  Not investment advice