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Valero Energy Corporation (VLO)

NYSE: VLO · Petroleum Refining · San Antonio, TX · filing with the SEC since 1997
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◀ Past 6.5● Present 4.9▶ Future 4.0
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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. Nothing here is advice.

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

Where the revenue comes from

fiscal 2025, as filed

Revenue by line of business, fiscal 2025

Line of businessFiscal 2025Fiscal 2024Share of revenue
Refining$116.2B$123.9B94.7%
Ethanol$4.02B$3.62B3.3%
Renewable Diesel$2.51B$2.41B2.0%

Revenue by region, fiscal 2025

RegionFiscal 2025Fiscal 2024Share of revenue
United States$87.82B$93.31B71.6%
U.K. and Ireland$15.83B$15.24B12.9%
Canada$8.14B$8.58B6.6%
Other Countries$5.73B$7.35B4.7%
Mexico and Peru$5.17B$5.41B4.2%

As tagged in its annual report (Form 10-K, filed Feb 25, 2026 ↗), read from the SEC's financial statement data sets. The year before is the figure the record holds for the prior fiscal year.

The desk's written account, in full. As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed. Nothing here is advice.

Past

Valero began on 1 January 1980 as the successor of Lo-Vaca Gathering Company, a natural gas pipeline arm of Coastal Corporation 7. It is named for the mission San Antonio de Valero, the original name of the Alamo 7. In 1984 it opened its first full-scale refinery, in Corpus Christi, Texas 7.

In 1997 it merged its natural gas business into PG&E Corporation and spun its refining assets into a new public company, which took the name Valero Energy Corporation 73. From then on it grew by buying refineries that others wanted to sell 7. Its Corpus Christi plant, the last grassroots refinery built in the U.S., had been labeled the “Refinery of the Future” 7.

It bought Exxon's Benicia refinery in Northern California in 2000, and in 2001 it merged with Ultramar Diamond Shamrock, which brought six more refineries 7. In 2005 it bought Premcor in an $8 billion deal that added Port Arthur and Memphis among four refineries 7.

It then spread out: its ethanol business began in 2009 with seven plants bought from VeraSun Energy 37. In 2011 it bought the Pembroke refinery in Wales from Chevron, and in 2013 it gave up selling fuel at its own stations 7. It has no company-owned retail network today 3.

Diamond Green Diesel, its renewable diesel venture, began producing in 2013 beside the St. Charles refinery in Louisiana 3. A second plant opened beside Port Arthur in 2022 3.

In 2020, the pandemic year, revenue fell to $64.9 billion and Valero lost $1.4 billion 5. It borrowed $4.0 billion more to get through it, then paid down more than $4.0 billion of debt in 2021 and 2022 5.

Then fuel ran short, and revenue reached $176.4 billion in 2022 with net income of $11.5 billion 5. Demand recovered while refinery closures and the Russia-Ukraine war held supply back, which lifted fuel prices and margins 5.

As margins eased, revenue fell to $144.8 billion in 2023, $129.9 billion in 2024 and $122.7 billion in 2025 3. The annual reports put each fall down mainly to lower prices for the fuels Valero sells 63. Net income dropped from $8.8 billion in 2023 to $2.3 billion in 2025 3.

The year 2025 also carried a $1.1 billion charge on its two California refineries 3. In March 2025 Valero approved a plan to stop refining at Benicia, near San Francisco, by the end of April 2026 3. On 16 April 2025 it told the California Energy Commission of that intent 8.

Present

Refining: gasoline, diesel and jet fuel

Refining is nearly the whole business: it brought in $116.2 billion of the $122.7 billion of revenue in 2025 3. A refinery turns crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt and other products 3. With Benicia idled, Valero runs 14 refineries in the U.S., Canada and the U.K., with about 3.0 million barrels a day of capacity 1.

The Gulf Coast is the core: its eight refineries processed 1,874 thousand barrels a day in the third quarter, about 63 percent of the 2,972 thousand for the whole system (computed) 1. Port Arthur, at 435,000 barrels a day, and Corpus Christi, at 370,000, are the largest 3.

Margins differ by region: the North Atlantic plants, Pembroke in Wales and Quebec City, earned $45.58 a barrel in the quarter and the Gulf Coast $37.55 1. Valero sells most fuel unbranded, at truck racks and in bulk to traders, airlines, railroads and utilities 3. About 7,000 independently owned stations carry its brands, among them Valero, Diamond Shamrock, Ultramar and Texaco 3.

Renewable diesel and sustainable aviation fuel

Diamond Green Diesel, owned 50 percent by Valero, turns animal fats, used cooking oil and corn oil into renewable diesel, a fuel that can stand in for ordinary diesel 32. Its two plants can make about 1.2 billion gallons a year 3. Part of the Port Arthur plant makes neat sustainable aviation fuel, which can be blended up to 50 percent with jet fuel 3.

The segment sold 3.4 million gallons a day in the third quarter and earned $353 million, against a $28 million loss a year earlier, mainly on higher renewable diesel prices 12. Its revenue from outside customers was $2.5 billion in 2025 3.

That 2025 year was hard: new tariffs raised the cost of imported feedstocks, and the old $1.00 a gallon blender's credit gave way to a smaller clean fuel credit 3. The partner, Darling Ingredients, offers part of the feedstock at market prices, but the venture is free to buy elsewhere 3.

Ethanol

Valero's 12 ethanol plants in the Midwest turn corn into ethanol, a fuel blended into gasoline, plus livestock feed and corn oil, with about 1.7 billion gallons a year of capacity 3. They made a record 4.8 million gallons a day in the third quarter, and the segment earned $272 million against $183 million 1. Valero calls itself the world's second largest corn ethanol producer 19.

The new clean fuel production credit helped ethanol in 2026, along with higher prices for ethanol and its corn by-products 2. Ethanol demand tracks gasoline demand, because most ethanol is blended into gasoline 3.

People and leadership

Valero had 9,811 employees at the end of 2025, 8,182 of them in the U.S., and 1,782 were covered by union or similar agreements 3. Lane Riggs, who rose through refining operations, is chairman, chief executive and president; he took the top job on 30 June 2023 3.

Homer Bhullar, a former energy investment banker, became finance chief on 1 January 2026, and Gary Simmons runs operations 3. Matt Audette, president and finance chief of LPL Financial, joined the board on 18 September 2026 12.

Rivals

Valero's own peer list names Marathon Petroleum, Phillips 66, HF Sinclair and PBF Energy among its refining rivals 3. Marathon reports 2,986 thousand barrels a day of crude capacity, against about 2.7 million for Valero at the end of 2025 163. Unlike some rivals, Valero pumps no crude of its own and owns no retail chain 3.

Current problems

On 23 March 2026 a fire in a unit that treats diesel shut the whole Port Arthur refinery 2. Reuters reported an explosion and a shelter-in-place order for nearby residents 11. The plant was back to normal rates during the second quarter 2.

Neighbors have filed lawsuits, including a proposed class action, over injuries, property damage and nuisance 2. Regulators proposed citations and penalties in the third quarter, which Valero intends to contest 2. The company expects insurance to cover much of the repair bill, beyond the part it insures itself 2.

In California, Benicia's last processing units were idled in April 2026, and Valero supplies its Northern California customers through imports 2. The refinery had more than 400 workers, who were offered transfers or job placement help, Bay City News reported 9.

The West Coast region, now Wilmington alone, ran 119 thousand barrels a day in the third quarter, against 259 thousand a year before 1. Valero cut the book value of Wilmington along with Benicia's in March 2025 3.

The umbrella, in words

Valero Energy Corporation is the parent, and its subsidiaries exhibit lists the significant companies beneath it, leaving smaller ones out 4. They include The Premcor Refining Group, Diamond Shamrock Refining Company, Ultramar Inc., Canadian Ultramar Company, Valero Energy Ltd in England and Valero Renewable Fuels Company 4.

Two ties stand out beyond full ownership 3. Valero owns 50 percent of Diamond Green Diesel and runs its plants, and Darling Ingredients is the other member 3. Valero also leases three Mexican fuel terminals from subsidiaries of IEnova, part of Sempra, and counts them on its books without owning them 3.

Its property is mostly the 14 refineries, the 12 ethanol plants in six Midwestern states, and the pipelines, terminals and docks that serve them, plus terminals in Mexico and Peru 13.

No single owner controls Valero; its largest holders are fund managers that report passive stakes 1314. Vanguard Capital Management reported 7.58 percent of the common stock as of 31 March 2026, and BlackRock 7.3 percent as of 31 March 2025 1314. Vanguard Portfolio Management reported 5.01 percent as of 30 June 2026 15.

Future

Valero expects capital investments of about $2.0 billion in 2026, about $1.7 billion of it to sustain the business, including about $250 million for Port Arthur 2. It finished the St. Charles catalytic cracker project in the third quarter, on schedule and within budget 1. Riggs said the project raises output of higher-value products such as alkylate and gasoline 1.

The board approved a further $10.0 billion of buybacks on 27 October 2026, on top of $3.0 billion left from the July program, with no expiry date 2. It declared a dividend of $1.20 a share, payable on 21 December 2026 to holders of record on 24 November 2. The company says it has no obligation to make the purchases 2.

For the fourth quarter, the company expects fuel demand growth to stay measured, with refining still disrupted in the Middle East and Russia and fuel stocks low 2. It expects crude price gaps to stay volatile, though routes around the Strait of Hormuz and releases from strategic reserves could ease supply 2.

It expects renewable diesel demand to stay strong because the EPA raised the blending quotas for 2026 and 2027 2. The clean fuel production credit now runs through 31 December 2029, but fuel made from 2026 on must use feedstock grown in the U.S., Mexico or Canada 3.

After the Supreme Court struck down tariffs imposed under emergency powers on 20 February 2026, Diamond Green Diesel claimed and received a $51 million refund 2. The company says the venture may qualify for more refunds, but their timing and size are uncertain 2.

At Benicia, the company says it is still evaluating redevelopment of the site and plans to keep its permits and the idled plant in safe condition 2. On Port Arthur, talks with the regulators reviewing the fire continue, and the company says the lawsuits' outcomes cannot yet be estimated 2.

What it may be looking into

Speculation Speculation, labeled as such: where the clues point, how sure the desk is of each, and what would change it. It is not a forecast and not advice.

  1. Speculation

    Valero may close or sell the Wilmington refinery, its last in California.

    Because

    • When it planned the Benicia closure in March 2025, Valero said it was also weighing strategic alternatives for its remaining operations in California, and it cut Wilmington's book value 3.
    • State efforts to keep Benicia open did not change the plan; general counsel Rich Walsh said “nothing has materialized out of that, so as a result, nothing’s changed” 10.
    • The West Coast region ran 119 thousand barrels a day in the third quarter, against 259 thousand a year earlier 1.
    Confidence 35 of 100What would change this A notice to the California Energy Commission about Wilmington, like the one filed for Benicia, or a sale announcement would confirm it 8. New investment at Wilmington named in a filing would weaken it 2.
  2. Speculation

    Valero may add carbon capture at more of its ethanol plants to lower the carbon scores of their fuel.

    Because

    • In 2025 it signed an agreement to capture, transport and store carbon dioxide from its Linden, Indiana ethanol plant, and it is evaluating more such projects 3.
    • Two published patent applications from its subsidiary Valero Services, Inc. cover separating CO2 from high-temperature exhaust gases 1718. The subsidiaries exhibit lists Valero CCS Solutions LLC 4.
    • The annual report says captured carbon would raise the ethanol's value through a lower carbon score and tax credits for storing carbon 3.
    Confidence 50 of 100What would change this A second carbon capture agreement at another ethanol plant would confirm it; dropping the Linden project from the annual report would weaken it 3.
  3. Speculation

    Valero may use part of its cash for an acquisition, not only for buybacks and dividends.

    Because

    • The quarterly report says Valero continues to evaluate strategic opportunities, including potential acquisitions 2.
    • It ended September with $9.8 billion of cash against $8.6 billion of debt 1.
    • Its history is one of growth by purchase, from Ultramar Diamond Shamrock in 2001 to Premcor for $8 billion in 2005 7.
    Confidence 25 of 100What would change this A Form 8-K reporting a purchase agreement would confirm it; spending the new $10.0 billion authorization on buybacks would weaken it 2.

How the company works

The desk has not read this company's annual report yet.

The record in brief

five sections from the record

By the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 22, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.

A newer quarterly report (Form 10-Q, filed 2026-10-28) and current report (Form 8-K, filed 2026-10-30) is on file; this report was written before it, and the desk writes it again on request.

Past

Valero Energy Corporation's revenue grew from $76 billion in fiscal 2016 to $123 billion in fiscal 2025, up 5.5% a year; it rose in 4 of 9 years; the deepest fall was 45% from fiscal 2018 to fiscal 2020; net income was positive in 9 of 10 of those years. Over the 3 fiscal years to 2025-12-31, the diluted share count shrank about 7.9% a year, and dividends and buybacks returned about 68% of its operating cash flow over 3 years. Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30. Valero Energy Corporation's filings since 2017 show no warning events: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice. 1

Present

In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $123 billion and a profit of $2.3 billion. Return on equity: in the fiscal year ended 2025-12-31, Valero Energy Corporation earned about 10 cents of profit for every dollar of shareholders' money; gross profitability: its products earned about 9 cents per dollar of everything the company owns; leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count shrank 4.0% over the year. Valero Energy Corporation's revenue of $123 billion in fiscal 2025 ranks in the top 30% by size among its industry family; a net margin of 1.9% ranks in the top 50%; revenue growth of -11.4% a year over the last 3 filed years ranks in the bottom 26%. The chief executive on the record is Riggs, R. Lane (CEO & President, as filed), filing under that title since 2023-07-05, 3.3 years; the 16 officers and directors filing in the last fifteen months have been on the record a median of 7.3 years; 8 officer or director changes were reported on Form 8-K since 2023-10-21, against the 16 people in charge now. Shareholders' equity, or book value, the net worth on its own books: $23.73 billion as of 2025-12-31, what it owns minus what it owes. 213

Future

Quarterly report (Form 10-Q) for the quarter ending 2026-09-30 is due by 2026-11-09. Annual report (Form 10-K) for the fiscal year ending 2026-12-31 is due by 2027-03-01. Valero Energy Corporation's room to grow from the newest filed statements (fiscal 2025): cash of $4.7 billion against debt of $9.7 billion leaves -8.6% of its assets as net cash, top 32% of its family; cash from operations less capital spending is 4.7% of revenue (top 41%); a gross margin of 4.4% (bottom 12%). Revenue grew -11.4% a year over the last three filed years against 5.5% over all 10, slowing; the newest year grew -5.5%; capital spending grew -5.8% a year. Revenue of $123 billion in fiscal 2025 came in 10.1% above the $111 billion its prior three years' pace pointed to; net income of $2.3 billion against a prior three-year average of $7.7 billion; a net margin of 1.9% against 4.9% before. 41

How the company operates

Valero Energy Corporation is classed by the SEC under Petroleum Refining (industry code 2911), based in San Antonio, TX. In fiscal 2025, lines of business: Refining 95%, Ethanol 3%, Renewable Diesel 2%; by geography: United States 72%, U. K. and Ireland 13%, Canada 7%, Other Countries 5%, Mexico and Peru 4%. Valero Energy Corporation reported 3 lines of business in fiscal 2025: Refining at $116 billion (95%), Ethanol at $4.0 billion (3%), Renewable Diesel at $2.5 billion (2%); 2 of 3 grew against the year before. 21

New moves

2026-09-18: Form 8-K, Current report (Officer or director change, item 5.02; Investor disclosure (Regulation FD), item 7.01), for the period ended 2026-09-17. 2026-05-08: Form 8-K, Current report (Officer or director change, item 5.02; Shareholder vote, item 5.07; Other event, item 8.01), for the period ended 2026-05-07. Leadership: the officer or director change count. Leadership and Shareholder treatment: the vote results. 2026-10-13: "Kremlin says contacts go on but does not confirm the energy truce": Two days on, Moscow has not agreed; Ukraine has paused its refinery strikes while, Kyiv says, Russian strikes on its energy sites go on. (a story by the desk; the company is adjacent to the event) m. (a study by the desk; the company is adjacent to the event) (a study by the desk; the company is adjacent to the event) (a study by the desk; the company is named in the event) 45

Sources

a number beside a sentence opens its entry in its own document's list
The written account 19 sources · as of Oct 28, 2026
  1. Form 8-K, Exhibit 99.01: Valero Energy Reports Third Quarter 2026 Results ↗Valero Energy Corporation (SEC filing) · filed Oct 22, 2026
  2. Form 10-Q, quarterly report for the quarter ended 30 September 2026 ↗Valero Energy Corporation (SEC filing) · filed Oct 28, 2026
  3. Form 10-K, annual report for the year ended 31 December 2025 ↗Valero Energy Corporation (SEC filing) · filed Feb 25, 2026
  4. Form 10-K, Exhibit 21.01: Subsidiaries of Valero Energy Corporation as of December 31, 2025 ↗Valero Energy Corporation (SEC filing) · filed Feb 25, 2026
  5. Form 10-K, annual report for the year ended 31 December 2022 ↗Valero Energy Corporation (SEC filing) · filed Feb 23, 2023
  6. Form 10-K, annual report for the year ended 31 December 2024 ↗Valero Energy Corporation (SEC filing) · filed Feb 26, 2025
  7. Our History ↗Valero (company history page) · read Oct 28, 2026
  8. Valero Announces Notice to the California Energy Commission Regarding its Benicia, California, Refinery ↗Valero Energy Corporation (news release) · Apr 16, 2025
  9. Valero will import refined gasoline after idling Benicia operations by April ↗Bay City News (Thomas Hughes), published by NBC Bay Area · Jan 8, 2026
  10. Valero exec: 'Nothing has materialized' to stave off Calif. refinery closure ↗E&E News by POLITICO (Noah Baustin) · Oct 24, 2025
  11. Valero shuts Texas refinery after explosion rocks diesel unit, sources say ↗Reuters (Erwin Seba, Ishaan Arora, Swati Verma), published by the American Journal of Transportation · Mar 24, 2026
  12. Form 8-K, Exhibit 99.01: Valero Energy Corporation Elects Matt Audette to its Board of Directors ↗Valero Energy Corporation (SEC filing) · filed Sep 18, 2026
  13. Schedule 13G on Valero Energy Corp common stock ↗Vanguard Capital Management (SEC filing) · filed Apr 30, 2026
  14. Schedule 13G/A on Valero Energy Corp common stock ↗BlackRock, Inc. (SEC filing) · filed Apr 24, 2025
  15. Schedule 13G on Valero Energy Corp common stock ↗Vanguard Portfolio Management (SEC filing) · filed Jul 31, 2026
  16. Form 10-K, annual report for the year ended 31 December 2025 ↗Marathon Petroleum Corporation (SEC filing) · filed Feb 26, 2026
  17. Compositions for CO2 separation from high temperature effluents ↗United States Patent and Trademark Office (published application 20250387775, applicant Valero Services, Inc.) · Dec 25, 2025
  18. Lithium zirconate enhanced compositions for increased reaction kinetics of CO2 chemisorption/desorption at high temperature ↗United States Patent and Trademark Office (published application 20250387774, applicant Valero Services, Inc.) · Dec 25, 2025
  19. About Valero ↗Valero (company page) · read Oct 28, 2026
The record in brief 5 sources · written Oct 22, 2026
  1. VLO: the nine metricsthis site's record
    show the quoted wordsTrack record (past, graded 5.4 of 10, weighs 33% of the past): Valero Energy Corporation's 10 filed years say what it did: revenue went from $76 billion in fiscal 2016 to $123 billion in fiscal 2025, up 5.5% a year; it rose in 4 of 9 years; the deepest fall was 45% from fiscal 2018 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).Shareholder treatment (past, graded 7.8 of 10, weighs 22% of the past): Over the 3 fiscal years to 2025-12-31, Valero Energy Corporation's diluted share count shrank about 7.9% a year, and dividends and buybacks returned about 68% of its operating cash flow over 3 years (its filed statements).Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).Surviving crises (past, graded 6.7 of 10, weighs 45% of the past): Valero Energy Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).Financial health (present, graded 4.9 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2025-12-31, Valero Energy Corporation earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 59 cents perIndustry position (present, graded 4.9 of 10, weighs 33% of the present): Valero Energy Corporation's standing among 17 graded names in its industry family: revenue of $123 billion in fiscal 2025 ranks in the top 30% by size; a net margin of 1.9% ranks in the top 50%; revenue growth of -11.4% a year over the last 3 filed years ranks in the bottom 26% (its annual reports).Leadership (present, graded 5.0 of 10, weighs 22% of the present): Valero Energy Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Riggs, R. Lane (CEO & President, as filed), filing under that title since 2023-07-05, 3.3 years (bottom 35% of its family); the 16 officers and directors filing in the last fifteen months have been on theRoom to expand (future, graded 4.6 of 10, weighs 22% of the future): Valero Energy Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $4.7 billion against debt of $9.7 billion leaves -8.6% of its assets as net cash, top 32% of its family; cash from operations less capital spending is 4.7% of revenue (top 41%); a gross margin of 4.4% (bottom 12%) (its annual report)Growth drivers (future, graded 3.2 of 10, weighs 33% of the future): Valero Energy Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -11.4% a year over the last three filed years against 5.5% over all 10, slowing (bottom 44% of its family); the newest year grew -5.5% (bottom 38%); capital spending grew -5.8% a year (bottom 13%) (its annual reports).Expectations vs reality (future, graded 4.3 of 10, weighs 45% of the future): Valero Energy Corporation's newest year against its own record: revenue of $123 billion in fiscal 2025 came in 10.1% above the $111 billion its prior three years' pace pointed to (top 47% of its family); net income of $2.3 billion against a prior three-year average of $7.7 billion (bottom 28%); a net margin of 1.9% againValero Energy Corporation reported 3 lines of business in fiscal 2025: Refining at $116 billion (95%), Ethanol at $4.0 billion (3%), Renewable Diesel at $2.5 billion (2%); 2 of 3 grew against the year before (its annual report).
  2. VLO: the company filethis site's record
    show the quoted wordsIn its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $123 billion and a profit of $2.3 billion (its filed statements).Commodity producer (prior from its industry code (SEC 2911, Petroleum Refining); the filing read can change it). Sector: Petroleum Refining (SIC 2911).Where the revenue comes from, fiscal 2025, as tagged in its annual report (Form 10-K, filed 2026-02-25): lines of business: Refining 95%, Ethanol 3%, Renewable Diesel 2%; by geography: United States 72%, U.K. and Ireland 13%, Canada 7%, Other Countries 5%, Mexico and Peru 4%.
  3. VLO: net worth, from the balance sheeta filing
    show the quoted wordsShareholders' equity, or book value, the net worth on its own books: $23.73 billion as of 2025-12-31, what it owns minus what it owes (the filed figure, us-gaap:StockholdersEquity, Form 10-K filed 2026-02-25).
  4. VLO: the filing record, ten yearsa filing
    show the quoted wordsDeadline ahead: Quarterly report (Form 10-Q) for the quarter ending 2026-09-30 is due by 2026-11-09; large accelerated filers have 40 days after the quarter ends; quarter ends are taken to the month end.Deadline ahead: Annual report (Form 10-K) for the fiscal year ending 2026-12-31 is due by 2027-03-01; large accelerated filers have 60 days after the fiscal year ends.2026-09-18: Form 8-K, Current report (Officer or director change, item 5.02; Investor disclosure (Regulation FD), item 7.01), for the period ended 2026-09-17.Document: https://www.sec.gov/Archives/edgar/data/1035002/000162828026045615 2026-05-08: Form 8-K, Current report (Officer or director change, item 5.02; Shareholder vote, item 5.07; Other event, item 8.01), for the period ended 2026-05-07. Leadership: the officer or director change count. Leadership and Shareholder treatment: the vote results.
  5. VLO: the stories that name itthis site's record
    show the quoted words(a story by the desk; the company is adjacent to the event; /n/trump-waives-graham-act-tariffs-on-buyers-of-russian-oil/) 2026-10-13: "Kremlin says contacts go on but does not confirm the energy truce": Two days on, Moscow has not agreed; Ukraine has paused its refinery strikes while, Kyiv says, Russian strikes on its energy sites go on.(a study by the desk; the company is adjacent to the event; /n/study-gulf-isaias-lands-near-destin-with-72-percent-of-gulf-oil-shut/) 2026-10-09: "Isaias nears the Gulf Coast with 63 percent of Gulf oil shut in": The National Hurricane Center's advisory 11, at 4 a.m. CDT on Friday 9 October, put Hurricane Isaias about 200 miles south-southeast of the mouth of the Mississippi with 110 mph winds and(a study by the desk; the company is adjacent to the event; /n/study-yanbu-khurais-strike-flows-disputed-gulf-exports-top-prewar/) 2026-09-30: "Diesel slips from its record as the White House weighs a tax break": The Energy Information Administration's Monday survey puts diesel at 6.382 dollars a gallon, 14.7 cents under the record of a week earlier and 2.63 dollars above a year ago; its Wednesday(a study by the desk; the company is named in the event; /n/study-diesel-slips-from-its-record-white-house-weighs-a-tax-break/)
SI Assistanton VLO · research, not advice