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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Net Income Attributable to Valero Energy Corporation Stockholders

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	60,147	63,632	66,249	73,818	70,948	86,200
Total Revenues %Chg	-9.2%	-13.8%	-6.6%	-14.4%	-21.3%	31.8%
Revenues
Cost of Sales	56,925	60,887	61,460	66,824	62,352	76,259
Cost of Materials and Other
Cost of Sales (Excluding the Lower of Cost or Market Inventory Valuation Adjustment)
Lower of Cost or Market Inventory Valuation Adjustment
Operating Expenses
Gross Profit	3,222	2,745	4,789	6,994	8,596	9,941
Gross Profit Margin	5.4%	4.3%	7.2%	9.5%	12.1%	11.5%
Selling, General & Administrative Expenses	481	500	461	545	453	496
General and Administrative Expenses
Depreciation & Amortization Expenses	1,505	1,383	1,391	1,372	1,329	1,265
Depreciation and Amortization Expense
Depreciation and Amortization Expense
Depreciation and Amortization Expense
Depreciation and Amortization Expense
Other Operating Expenses	1,139	7	37	21	12	93
Other Operating Expenses
Asset Impairment Loss
Operating Profit	97	855	2,900	5,056	6,802	8,087
Operating Income
Operating Margin	0.2%	1.3%	4.4%	6.8%	9.6%	9.4%
Interest Expense	-278	-276	-280	-298	-294	-275
Non-Operating Income	206	233	266	267	235	166
Other Income, Net
Total Non-Operating Income	-72	-43	-14	-31	-59	-109
Income Before Provision for Income Taxes	25	812	2,886	5,025	6,743	7,978
Income Before Income Tax Expense
Provision for Income Taxes	14	62	630	1,144	1,475	1,834
Income Tax Expense
Consolidated Net Income	11	750	2,256	3,881	5,268	6,144
Net Income Attributable to Minority Interests and Other	-108	105	131	57	257	214
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	119	645	2,125	3,824	5,011	5,930
Net Income Attributable to Valero Energy Corporation Stockholders
Basic EPS	0.4	2.1	6.5	11.2	13.8	15.3
Diluted EPS	0.4	2.1	6.5	11.2	13.7	15.3
Basic Weighted Average Shares Outstanding	313	317	327	343	363	384
Total Shares Outstanding	310.7	314.9	320.4	333.3	353.1	372.1
Diluted Weighted Average Shares Outstanding	313	317	327	343	363	386
EBITDA	1,602	2,238	4,291	6,428	8,131	9,352
Effective Tax Rate	56%	7.6%	21.8%	22.8%	21.9%	23%