Valero Energy Corporation (VLO)

The company now

Valero Energy reported net income of $6.8 billion for the third quarter of 2026 on 22 October, against $1.1 billion a year earlier 1. Revenue rose to $46.1 billion from $32.2 billion 1. Its refining margin, what its fuels sell for minus the crude and other feedstocks behind them, averaged $39.24 a barrel against $13.14 1.

The company tied the jump to steady demand for gasoline, diesel and jet fuel while world supply stayed tight 2. Conflicts in the Middle East and Russia knocked out refineries and export terminals, so fuel prices rose faster than crude costs 2. Chief executive Lane Riggs said the refineries ran at near-record utilization 1.

In the first nine months Valero spent $6.2 billion buying back about 20.4 million of its own shares, and on 27 October its board approved up to $10.0 billion more 2. It ended September with $9.8 billion of cash and $8.6 billion of debt 1.

Two matters stay open in the quarterly report 2. A March fire shut Port Arthur, its largest refinery, and brought lawsuits and proposed penalties that Valero intends to contest 211. In California, Benicia stopped refining in April 2026, and Wilmington near Los Angeles is the last refinery Valero runs in the state 21.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.