See more : Equitrans Midstream Corporation (ETRN) Income Statement Analysis – Financial Results
Complete financial analysis of Valero Energy Corporation (VLO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Valero Energy Corporation, a leading company in the Oil & Gas Refining & Marketing industry within the Energy sector.
You may be interested
- SentinelOne, Inc. (S&SPOWER.NS) Income Statement Analysis – Financial Results
- HWGC Holdings Limited (HWGC) Income Statement Analysis – Financial Results
- MyMD Pharmaceuticals, Inc. (MYMD) Income Statement Analysis – Financial Results
- Sierra Lake Acquisition Corp. (SIERU) Income Statement Analysis – Financial Results
- Archana Software Limited (SSLFINANCE.BO) Income Statement Analysis – Financial Results
Valero Energy Corporation (VLO)
About Valero Energy Corporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 144.80B | 176.38B | 113.98B | 64.91B | 108.32B | 117.03B | 93.98B | 75.66B | 87.80B | 130.84B | 138.07B | 139.25B | 125.99B | 82.23B | 68.14B | 119.11B | 95.33B | 91.83B | 82.16B | 54.62B | 37.97B | 26.98B | 14.99B | 14.67B | 7.96B | 5.54B | 5.76B | 4.99B | 3.02B | 1.84B | 1.22B | 1.23B | 1.01B | 1.17B | 941.30M | 770.60M | 628.50M | 1.88B | 2.66B |
| Cost of Revenue | 131.87B | 159.63B | 110.90B | 65.70B | 103.60B | 111.49B | 89.49B | 71.32B | 80.74B | 124.22B | 133.35B | 133.53B | 121.74B | 74.46B | 65.27B | 111.98B | 85.66B | 81.27B | 74.60B | 49.94B | 35.24B | 25.13B | 13.68B | 13.76B | 7.68B | 5.44B | 5.43B | 4.57B | 2.62B | 1.61B | 1.07B | 1.05B | 740.60M | 885.00M | 837.20M | 698.20M | 652.50M | 1.65B | 2.34B |
| Gross Profit | 12.93B | 16.75B | 3.08B | -788.00M | 4.73B | 5.54B | 4.50B | 4.34B | 7.07B | 6.63B | 4.72B | 5.72B | 4.25B | 7.78B | 2.87B | 7.13B | 9.67B | 10.57B | 7.56B | 4.68B | 2.73B | 1.85B | 1.30B | 914.54M | 276.60M | 96.90M | 329.80M | 421.00M | 402.20M | 228.30M | 155.00M | 182.20M | 271.20M | 283.90M | 104.10M | 72.40M | -24.00M | 228.00M | 324.00M |
| Gross Profit Ratio | 8.93% | 9.50% | 2.70% | -1.21% | 4.36% | 4.74% | 4.78% | 5.74% | 8.05% | 5.06% | 3.42% | 4.11% | 3.37% | 9.45% | 4.22% | 5.99% | 10.14% | 11.50% | 9.20% | 8.57% | 7.18% | 6.86% | 8.70% | 6.23% | 3.47% | 1.75% | 5.73% | 8.44% | 13.32% | 12.43% | 12.68% | 14.76% | 26.80% | 24.29% | 11.06% | 9.40% | -3.82% | 12.13% | 12.17% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 998.00M | 934.00M | 865.00M | 756.00M | 868.00M | 925.00M | 835.00M | 715.00M | 710.00M | 724.00M | 758.00M | 698.00M | 571.00M | 531.00M | 572.00M | 559.00M | 598.00M | 598.00M | 458.00M | 378.80M | 299.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 702.00M | 768.00M | 719.00M | 803.00M | 771.00M | 704.70M | 693.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 998.00M | 934.00M | 865.00M | 756.00M | 868.00M | 925.00M | 835.00M | 715.00M | 710.00M | 724.00M | 758.00M | 698.00M | 571.00M | 531.00M | 1.27B | 1.33B | 1.39B | 1.40B | 1.23B | 1.08B | 993.00M | 929.40M | 165.22M | 130.51M | 68.50M | 69.50M | 53.60M | 81.70M | 78.10M | 0.00 | 0.00 | 0.00 | 115.30M | 113.90M | 0.00 | 0.00 | 0.00 | 127.80M | 127.80M |
| Other Expenses | 33.00M | 66.00M | 87.00M | 35.00M | 21.00M | 130.00M | 76.00M | 56.00M | 46.00M | 47.00M | 59.00M | 9.00M | 43.00M | 5.37B | 2.04B | 3.23B | 2.31B | 2.38B | 1.70B | 1.06B | 962.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.03B | 1.00B | 952.00M | 791.00M | 889.00M | 970.00M | 896.00M | 715.00M | 710.00M | 724.00M | 758.00M | 698.00M | 571.00M | 5.90B | 2.70B | 6.57B | 2.75B | 2.56B | 2.10B | 1.70B | 1.50B | 1.38B | 302.96M | 303.56M | 207.50M | 148.20M | 118.80M | 220.10M | 213.40M | 102.40M | 79.50M | 48.20M | 151.90M | 149.50M | 34.40M | 33.70M | 33.30M | 285.90M | 193.80M |
| Cost & Expenses | 132.91B | 160.63B | 111.85B | 66.49B | 104.49B | 112.46B | 90.38B | 72.03B | 81.45B | 124.94B | 134.11B | 134.23B | 122.31B | 80.36B | 67.97B | 118.55B | 88.41B | 83.82B | 76.70B | 51.64B | 36.75B | 26.51B | 13.99B | 14.06B | 7.89B | 5.59B | 5.55B | 4.79B | 2.83B | 1.71B | 1.15B | 1.10B | 892.50M | 1.03B | 871.60M | 731.90M | 685.80M | 1.94B | 2.53B |
| Interest Income | 293.00M | 223.00M | 171.00M | 52.00M | 454.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 592.00M | 562.00M | 603.00M | 563.00M | 454.00M | 470.00M | 468.00M | 446.00M | 433.00M | 397.00M | 365.00M | 313.00M | 401.00M | 484.00M | 408.00M | 347.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.70B | 2.47B | 2.41B | 2.35B | 2.26B | 2.07B | 1.99B | 1.89B | 1.84B | 1.69B | 1.72B | 1.57B | 1.53B | 1.41B | 1.53B | 1.48B | 1.38B | 1.16B | 875.00M | 618.40M | 510.50M | 449.30M | 252.35M | 173.06M | 139.00M | 78.70M | 65.20M | 138.40M | 135.30M | 102.40M | 79.50M | 48.20M | 36.60M | 35.60M | 34.40M | 33.70M | 33.30M | 158.10M | 66.00M |
| EBITDA | 14.66B | 18.34B | 4.55B | 904.00M | 6.14B | 6.67B | 5.59B | 5.52B | 8.20B | 7.59B | 5.71B | 6.63B | 5.26B | 3.39B | 1.63B | 2.15B | 8.29B | 8.88B | 6.14B | 3.59B | 1.73B | 920.20M | 1.25B | 784.04M | 208.10M | 27.40M | 276.20M | 144.90M | 180.90M | 228.30M | 155.00M | 182.20M | 155.90M | 170.00M | 104.10M | 72.40M | -24.00M | 100.20M | 196.20M |
| EBITDA Ratio | 10.12% | 9.03% | 1.88% | -2.23% | 3.64% | 4.02% | 3.91% | 4.87% | 7.29% | 4.55% | 2.91% | 3.61% | 2.96% | 3.99% | 2.49% | 4.78% | 8.53% | 9.60% | 7.64% | 6.67% | 4.37% | 3.38% | 8.40% | 5.34% | 2.53% | 0.48% | 4.68% | 6.64% | 10.48% | 12.76% | 10.24% | 12.51% | 11.49% | 12.04% | 9.57% | 6.92% | -23.75% | 5.82% | 5.14% |
| Operating Income | 11.86B | 15.69B | 2.13B | -1.58B | 3.84B | 4.57B | 3.60B | 3.57B | 6.36B | 5.90B | 3.96B | 4.01B | 3.68B | 1.88B | -58.00M | 563.00M | 6.92B | 8.01B | 5.46B | 2.98B | 1.22B | 470.90M | 1.00B | 610.98M | 69.10M | -51.30M | 211.00M | 200.90M | 188.80M | 125.90M | 75.50M | 134.00M | 119.30M | 134.40M | 69.70M | 38.70M | -57.30M | -57.90M | 130.20M |
| Operating Income Ratio | 8.19% | 8.90% | 1.87% | -2.43% | 3.54% | 3.91% | 3.83% | 4.72% | 7.24% | 4.51% | 2.87% | 2.88% | 2.92% | 2.28% | -0.09% | 0.47% | 7.26% | 8.72% | 6.64% | 5.45% | 3.22% | 1.75% | 6.68% | 4.16% | 0.87% | -0.93% | 3.67% | 4.03% | 6.25% | 6.85% | 6.18% | 10.85% | 11.79% | 11.50% | 7.40% | 5.02% | -9.12% | -3.08% | 4.89% |
| Total Other Income/Expenses | -90.00M | -383.00M | -587.00M | -431.00M | -350.00M | -340.00M | -356.00M | -352.00M | -387.00M | -350.00M | 19.00M | -304.00M | -358.00M | -378.00M | -391.00M | -227.00M | -192.00M | 176.00M | 19.00M | -269.10M | -235.40M | -321.20M | -106.49M | -82.76M | -48.90M | -31.80M | -35.40M | 23.80M | -35.00M | -83.10M | -7.30M | -2.60M | 27.10M | 11.20M | -10.40M | -4.30M | 80.60M | -123.90M | -63.80M |
| Income Before Tax | 11.77B | 15.31B | 1.54B | -2.01B | 3.49B | 4.23B | 3.21B | 3.18B | 5.97B | 5.55B | 3.98B | 3.71B | 3.32B | 1.50B | -449.00M | 336.00M | 6.73B | 8.19B | 5.29B | 2.71B | 986.60M | 149.70M | 894.85M | 528.22M | 20.20M | -83.10M | 175.60M | 113.70M | 95.10M | 42.80M | 68.20M | 131.40M | 146.40M | 145.60M | 59.30M | 34.40M | 23.30M | -181.80M | 66.40M |
| Income Before Tax Ratio | 8.13% | 8.68% | 1.35% | -3.10% | 3.22% | 3.62% | 3.41% | 4.21% | 6.80% | 4.24% | 2.88% | 2.66% | 2.64% | 1.82% | -0.66% | 0.28% | 7.06% | 8.92% | 6.43% | 4.96% | 2.60% | 0.55% | 5.97% | 3.60% | 0.25% | -1.50% | 3.05% | 2.28% | 3.15% | 2.33% | 5.58% | 10.64% | 14.47% | 12.46% | 6.30% | 4.46% | 3.71% | -9.67% | 2.49% |
| Income Tax Expense | 2.62B | 3.43B | 255.00M | -903.00M | 702.00M | 879.00M | -949.00M | 765.00M | 1.87B | 1.78B | 1.25B | 1.63B | 1.23B | 575.00M | -97.00M | 1.47B | 2.16B | 2.73B | 1.70B | 906.30M | 365.10M | 58.20M | 331.30M | 189.10M | 5.90M | -35.80M | 63.80M | 41.00M | 35.30M | 15.90M | 31.80M | 47.50M | 47.70M | 50.90M | 17.80M | 3.80M | -8.60M | -81.90M | 31.70M |
| Net Income | 8.84B | 11.53B | 1.29B | -1.11B | 2.42B | 3.12B | 4.07B | 2.29B | 3.99B | 3.63B | 2.72B | 2.08B | 2.09B | 324.00M | -1.98B | -1.13B | 5.23B | 5.46B | 3.59B | 1.80B | 621.50M | 91.50M | 563.55M | 339.12M | 14.30M | -47.30M | 96.10M | 72.70M | 59.80M | 26.90M | 36.40M | 83.90M | 98.70M | 94.70M | 41.50M | 30.60M | 17.60M | -99.90M | 34.70M |
| Net Income Ratio | 6.10% | 6.54% | 1.13% | -1.71% | 2.24% | 2.67% | 4.33% | 3.03% | 4.54% | 2.77% | 1.97% | 1.50% | 1.66% | 0.39% | -2.91% | -0.95% | 5.49% | 5.95% | 4.37% | 3.30% | 1.64% | 0.34% | 3.76% | 2.31% | 0.18% | -0.85% | 1.67% | 1.46% | 1.98% | 1.46% | 2.98% | 6.80% | 9.75% | 8.10% | 4.41% | 3.97% | 2.80% | -5.31% | 1.30% |
| EPS | 24.95 | 29.08 | 3.16 | -2.72 | 5.85 | 7.33 | 9.17 | 4.94 | 8.00 | 6.88 | 4.99 | 3.77 | 3.69 | 0.57 | -3.66 | -2.16 | 9.27 | 8.94 | 6.51 | 3.51 | 1.34 | 0.21 | 2.32 | 1.45 | 0.06 | -0.21 | 0.44 | 0.35 | 0.28 | 0.05 | 0.21 | 0.49 | 0.57 | 0.58 | 0.25 | 0.14 | 0.06 | -1.00 | 0.27 |
| EPS Diluted | 24.95 | 29.00 | 3.16 | -2.72 | 5.85 | 7.29 | 9.16 | 4.94 | 7.99 | 6.85 | 4.97 | 3.75 | 3.68 | 0.57 | -3.66 | -2.16 | 8.88 | 8.64 | 6.10 | 3.27 | 1.27 | 0.21 | 2.21 | 1.40 | 0.06 | -0.21 | 0.44 | 0.35 | 0.28 | 0.05 | 0.21 | 0.49 | 0.57 | 0.58 | 0.24 | 0.14 | 0.06 | -1.00 | 0.27 |
| Weighted Avg Shares Out | 353.00M | 395.00M | 407.00M | 407.00M | 413.00M | 426.00M | 442.00M | 461.00M | 497.00M | 526.00M | 542.00M | 550.00M | 563.00M | 563.00M | 541.00M | 524.00M | 565.00M | 611.00M | 549.00M | 510.00M | 459.00M | 422.40M | 242.80M | 234.13M | 224.34M | 224.31M | 206.78M | 239.71M | 386.18M | 386.67M | 171.22M | 169.90M | 162.63M | 151.69M | 115.10M | 104.44M | 103.33M | 100.37M | 93.58M |
| Weighted Avg Shares Out (Dil) | 353.00M | 396.00M | 407.00M | 407.00M | 413.00M | 428.00M | 444.00M | 464.00M | 500.00M | 530.00M | 548.00M | 556.00M | 569.00M | 568.00M | 541.00M | 524.00M | 579.00M | 632.00M | 588.00M | 552.00M | 488.00M | 435.71M | 255.20M | 242.10M | 227.03M | 224.31M | 210.34M | 239.71M | 386.18M | 386.67M | 171.22M | 169.90M | 162.63M | 151.69M | 118.74M | 104.44M | 103.33M | 100.37M | 93.58M |
Are Investors Undervaluing Valero Energy (VLO) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Here's Why You Should Purchase Valero (VLO) Stock Right Now
Valero's (VLO) refining system achieves a remarkable 97.4% mechanical availability in 2023, setting a record for the company.
Valero Energy Corporation (VLO) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Valero Energy (VLO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Fast-paced Momentum Stock Valero Energy (VLO) Is Still Trading at a Bargain
Valero Energy (VLO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Are You a Momentum Investor? Bet on These 3 Energy Stocks
It is now prudent to invest in momentum energy stocks like Murphy USA (MUSA), SM Energy (SM) and Valero Energy (VLO).
Should You Pick Valero Energy Or Phillips 66 Stock After Each Rose Over 25% This Year?
After the year-to-date move of over 25% each, we believe that the energy stocks Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO) are fully valued. PSX trades at a marginally higher valuation of 0.5x trailing revenues, compared to 0.4x...
Surging Earnings Estimates Signal Upside for Valero Energy (VLO) Stock
Valero Energy (VLO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Are You Looking for a Top Momentum Pick? Why Valero Energy (VLO) is a Great Choice
Does Valero Energy (VLO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is It Worth Investing in Valero Energy (VLO) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Valero Energy Corporation (VLO) Hit a 52 Week High, Can the Run Continue?
Valero Energy (VLO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Source: https://incomestatements.info
Category: Stock Reports