Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. 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.

Valero Energy Corporation

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Total Valero Energy Corporation Stockholders' Equity

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	4,764	4,537	4,634	4,657	5,184	5,246
Cash and Cash Equivalents
Cash and Temporary Cash Investments
Total Cash and Cash Equivalents	4,764	4,537	4,634	4,657	5,184	5,246
Accounts Receivable	10,333	11,073	11,238	10,708	11,073	13,145
Receivables, Net
Total Trade Receivables	10,333	11,073	11,238	10,708	11,073	13,145
Inventories	7,394	7,538	7,119	7,761	7,048	8,028
Inventories
Other Current Assets	1,013	656	599	611	671	696
Income Taxes Receivable
Deferred Income Taxes
Prepaid Expenses and Other
Total Current Assets	23,504	23,804	23,590	23,737	23,976	27,115
Total Current Assets
Net Property, Plant & Equipment	27,741	28,236	28,549	29,314	29,681	29,769
Property, Plant, and Equipment, at Cost
Accumulated Depreciation
Other Long-Term Assets	7,370	7,393	7,038	7,092	6,725	6,731
Deferred Charges and Other Assets, Net
Total Assets	58,615	59,433	59,177	60,143	60,382	63,615
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	10,694	11,499	11,982	12,092	11,516	14,565
Accounts Payable
Accrued Expenses	1,440	1,288	1,153	1,130	1,190	1,065
Accrued Expenses
Current Portion of Long-Term Debt	894	382	542	743	1,016	995
Current Portion of Debt and Finance Lease Obligations
Other Current Liabilities	1,701	1,508	1,466	1,530	1,576	1,693
Income Taxes Payable
Taxes Other Than Income Taxes Payable
Deferred Income Taxes
Total Current Liabilities	14,729	14,677	15,143	15,495	15,298	18,318
Total Current Liabilities
Long-Term Debt	9,687	10,265	10,312	9,720	9,790	9,746
Debt and Finance Lease Obligations, Less Current Portion
Other Long-Term Liabilities	7,453	7,544	7,407	7,407	7,294	7,301
Deferred Income Tax Liabilities
Other Long-Term Liabilities
Total Long-Term Liabilities	17,140	17,809	17,719	17,127	17,084	17,047
Total Liabilities	31,869	32,486	32,862	32,622	32,382	35,365

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	7	7	7	7	7	7
Common Stock
Treasury Stock	-29,686	-28,757	-28,417	-28,178	-27,938	-27,373
Treasury Stock, at Cost
Additional Paid-in Capital	6,972	6,956	6,944	6,939	6,940	6,929
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-708	-553	-1,109	-1,272	-830	-1,172
Accumulated Other Comprehensive Loss
Retained Earnings	47,169	46,425	46,065	47,016	47,074	47,052
Retained Earnings
Total Common Shareholders' Equity	23,754	24,078	23,490	24,512	25,253	25,443
Total Valero Energy Corporation Stockholders' Equity
Minority Interests and Other	2,992	2,869	2,825	3,009	2,747	2,807
Noncontrolling Interests
Total Shareholders' Equity	26,746	26,947	26,315	27,521	28,000	28,250
Total Equity
Total Liabilities and Shareholders' Equity	58,615	59,433	59,177	60,143	60,382	63,615
Total Liabilities and Equity