Valero posted FY 2025 net income attributable to stockholders of USD 2.3 billion, with operating income of USD 3.2 billion and adjusted operating income of USD 4.4 billion. Revenues were USD 122.7 billion, while cash flows from operating activities were USD 5.8 billion; cash, cash equivalents and restricted cash ended the year at USD 4.9 billion and total liquidity was USD 9.8 billion. Valero made USD 1.9 billion of capital investments and returned USD 4.0 billion to stockholders via USD 2.6 billion of share repurchases and USD 1.4 billion of dividends; it also issued USD 650 million of 5.150% senior notes due 2030 and repaid USD 440 million of maturing public debt. By segment in FY 2025, Refining operating income was USD 4.0 billion (adjusted operating income USD 5.3 billion) on throughput of 2,988 thousand BPD; Renewable Diesel reported an operating loss of USD 156 million, with margin of USD 419 million and sales volumes of 2,748 thousand gallons per day; Ethanol operating income was USD 374 million (adjusted operating income USD 374 million) with production volumes of 4,611 thousand gallons per day. Results included a USD 1.1 billion asset impairment loss tied to California operations, as Valero approved a plan to idle processing units and cease refining at its Benicia Refinery by the end of April 2026 and evaluated strategic alternatives for its remaining California operations, including Wilmington. The company also said its Renewable Diesel segment was pressured in 2025 by newly imposed tariffs on certain imported renewable feedstocks and by the shift from the blender’s tax credit to the clean fuel production credit, which reduced eligible volumes and lowered credit values for some fuels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valero Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-011499), on February 25, 2026, and is solely responsible for the information contained therein.