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Companies / Energy / Valero Energy
VLO

Valero Energy

EnergyPetroleum RefiningS&P 500
Ticker VLOSAN ANTONIO, TXFiscal year ends DecemberBook value per share $84.46Diluted shares 296.0M

Valero Energy Corporation (NYSE: VLO) manufactures and markets petroleum-based and low-carbon liquid transportation fuels and petrochemical products, selling primarily in the United States, Canada, the United Kingdom, Ireland, and Latin America. Its operations are organized into Refining, Renewable Diesel, and Ethanol… From the company’s description.

In fiscal 2025, Valero Energy reported revenue of $122.69B, down 5.5% from fiscal 2024, and net income of $2.25B. Its operating margin was 2.6%, and operations generated $5.83B in cash. Over the twelve months to Jun 30, 2026, revenue was $139.40B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$122.69BFY2025
−5.5% year over year
Last 12 mo $139.40B
2.59%FY2025
−0.3 percentage points
Last 12 mo 7.18%
$2.25BFY2025
−25.3% year over year
Last 12 mo $7.63B
13.46%FY2025
+2.2 percentage points
Last 12 mo 28.85%
Cash & financing
$5.83BFY2025
−12.8% year over year
Last 12 mo $10.91B
$5.83BFY2025
−12.8% year over year
Last 12 mo $10.91B
0.45FY2025
Was 0.43× a year earlier
Last 12 mo 0.45
309.0MFY2025
−4.0% year over year
Last 12 mo 296.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Valero Energy does

In the company’s own words

Valero Energy Corporation (NYSE: VLO) manufactures and markets petroleum-based and low-carbon liquid transportation fuels and petrochemical products, selling primarily in the United States, Canada, the United Kingdom, Ireland, and Latin America. Its operations are organized into Refining, Renewable Diesel, and Ethanol segments. Refining includes 15 petroleum refineries and related product marketing and logistics; Renewable Diesel includes its interest in Diamond Green Diesel, a joint venture producing renewable diesel, renewable naphtha, and sustainable aviation fuel; and Ethanol includes 12 corn-processing plants that also produce livestock feed and other co-products. As of December 31, 2025, its refineries had combined feedstock throughput capacity of approximately 3.2 million barrels per day, while its ethanol plants had annual production capacity of approximately 1.7 billion gallons. Valero sells refined products through wholesale rack and bulk channels to distributors, retailers, petroleum companies, traders, and end users, including airlines, railroads, and utilities. Its branded fuel outlets include Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco. Renewable fuels are sold under the Diamond Green Diesel brand. Its website is www.valero.com.

Company details
Sector
Energy
Industry (SIC)
Petroleum Refining
Headquarters
SAN ANTONIO, TX
Fiscal year end
December
CIK
1035002
SIC
2911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-18.86B$34.39B$87.64B$140.88B$194.13B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Valero Energy — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

975
funds hold it
1 of 35
superinvestors hold it
$26.19B
held by funds, at market
35.5%
of shares held by funds
13
bond issues held by funds

Superinvestors in Valero Energy · what they did last quarter

Chris BloomstranDECREASED -14.0%
Semper Augustus Investments Group
1.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Valero Energy’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.75%of fund net assets
4.64%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Valero Energy’s bonds, as funds hold them

Funds report holding 13 issues of Valero Energy’s debt, $916.94M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.95%, maturing 2026 to 2052.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Valero Energy and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Valero Energy's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Valero Energy's last four quarterly filings that the numbers alone won't show?”
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