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Valero Energy Corp. (VLO)

Valero Energy is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, selling mainly in the United States, Canada, the United Kingdom, Ireland and Latin America. It is based in San Antonio, Texas, was incorporated in Delaware in 1981 as Valero Refining and Marketing Company, and took its present name in 1997. The business runs in three segments: Refining, Renewable Diesel and Ethanol. It had 9,785 people in permanent full-time positions at the end of 2025, 1,782 of them covered by collective bargaining or similar agreements.

Valero Energy Corp.

Valero Energy is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, selling mainly in the United States, Canada, the United Kingdom, Ireland and Latin America. It is based in San Antonio, Texas, was incorporated in Delaware in 1981 as Valero Refining and Marketing Company, and took its present name in 1997. The business runs in three segments: Refining, Renewable Diesel and Ethanol. It had 9,785 people in permanent full-time positions at the end of 2025, 1,782 of them covered by collective bargaining or similar agreements.

Refining

Valero owns 15 petroleum refineries in the United States, Canada and the United Kingdom with combined feedstock throughput capacity of 3,190,000 barrels per day, of which estimated crude oil capacity is about 2.7 million. Twelve of them are in the United States: Port Arthur in Texas at 435,000 barrels per day is the largest, then Corpus Christi at 370,000, which is two refineries counted together, St. Charles in Louisiana at 340,000, Texas City at 260,000, Houston at 255,000, McKee at 200,000, Memphis in Tennessee at 195,000, Benicia in California at 170,000, Wilmington in California and Meraux in Louisiana at 135,000 each, Three Rivers in Texas at 100,000 and Ardmore in Oklahoma at 90,000. Outside the United States it runs Quebec City in Quebec at 235,000 and Pembroke in Wales at 270,000. In March 2025 the company approved a plan for the Benicia refinery and states that it currently intends to idle the processing units and cease refining operations there by the end of April 2026.

How the fuel is sold

Refined products are sold in both the wholesale rack and the bulk markets, and include products bought or received on exchange from third parties as well as Valero's own output. Most refineries have marine access and interconnect with common-carrier pipeline systems, which lets the company sell into the United States, Canada, the United Kingdom, Ireland, Latin America and elsewhere. The principal purchasers at terminal truck racks are wholesalers, distributors, retailers and truck-delivered end users, and the majority of rack volume goes through unbranded channels. The rest goes to independently owned branded sites supplied under multi-year contracts, about 7,000 outlets, trading as Valero, Beacon, Diamond Shamrock and Shamrock in the United States, Ultramar in Canada, Valero and Texaco in the United Kingdom and Ireland, and Valero in Mexico. The company also owns the logistics behind all of this: crude oil and product pipelines, terminals, tanks, marine docks and truck rack bays, with terminal access in Mexico and Peru to serve Latin America.

Renewable Diesel

The Renewable Diesel segment is DGD, a joint venture with Darling Ingredients that Valero consolidates. DGD owns two plants on the Gulf Coast, one next to the St. Charles refinery that began operating in 2013 and one next to the Port Arthur refinery that began in 2022. The St. Charles plant can make about 700 million gallons of renewable diesel and about 30 million gallons of renewable naphtha a year, and Port Arthur about 470 million and 20 million, for combined capacity of roughly 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha. A sustainable aviation fuel project at Port Arthur started up in the fourth quarter of 2024 and gives that plant the option to upgrade about half of its renewable diesel capacity to neat SAF. DGD sells under the Diamond Green Diesel brand, mostly for blending into petroleum diesel, gasoline and conventional jet fuel, and moves the product by rail, ship and barge to domestic and international markets. As at the end of 2025 the company had invested $6.0 billion in its low-carbon fuels businesses.

Ethanol

The ethanol business began in 2009 with the purchase of the first plants and has grown by buying more. The 12 plants are in the Mid-Continent region of the United States with combined production capacity of about 1.7 billion gallons a year. They are dry mill facilities that process corn into ethanol plus co-products, including livestock feed in the form of dry distillers grains and syrup, and inedible corn oil. The filing states that several plants sit near geology believed to be suitable for sequestering carbon dioxide, and in 2025 it signed a stand-alone agreement covering its plant at Linden, Indiana to capture, transport and store the carbon dioxide from the manufacturing process.

From Valero Energy's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Valero Energy became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$46.1 billion
+43.3% on the year · +3.6% on the quarter
Q4 FY2024Q3 FY2026
Net income
$6.8 billion
+523.6% on the year · +83.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$23.89
+576.8% on the year · +89.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 25 February 2026
Revenue
$122.7 billion
-5.5% on the year
FY2018FY2025
Net income
$2.3 billion
-15.2% on the year
FY2018FY2025
Diluted EPS
$7.57
-11.8% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsValero Energy (VLO) reported revenue of $122.7 billion for fiscal 2025, the year ended 31 December 2025, down 5.5% on the year before. Net income was $2.3 billion and diluted earnings per share $7.57. Revenue was $129.9 billion in fiscal 2024, $144.8 billion in fiscal 2023, $176.4 billion in fiscal 2022 and $114.0 billion in fiscal 2021. Net income in the same years was $2.8 billion, $8.8 billion, $11.5 billion and $930 million. Over the twelve months to 30 September 2026, Valero Energy reported revenue of $153.3 billion and net income of $12.9 billion. Revenue grew 13.6% a year, compounded, over the five years to fiscal 2025. Valero Energy declared $4.73 a share in dividends over the last four quarters and had 279 million shares outstanding at the latest filed count. At 30 September 2026 it carried $11.0 billion of debt and $9.8 billion of cash. At the close of 6 November 2026 the market cap of Valero Energy was $96.6 billion, 7.8 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE46.3%
ROCE45.1%
Operating margin11.5%
Net margin8.4%
FCF marginn/a
Interest cover30.9x
Debt to equity0.39x
Cash conversion1.23x
Share count, last 12 months-8.6%
Sales CAGR, 3 years-11.4%
Profit CAGR, 3 years-41.2%
EPS, TTM$44.46

At the close of 6 November 2026

Price$346.32
Market cap$96.6 billion
Stock P/E7.8x
Price to book3.5x
EV / EBITDA5.5x
Dividend yield1.4%
Market cap / sales0.63x
52-week high$459.79
52-week low$161.94
Price, 1 year96.8%
Price CAGR, 3 years41.2%
Price CAGR, 5 years34.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Valero Energy Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
VLOgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue35,90338,54251,64144,45441,74636,43934,50938,40435,41431,75934,49032,87630,75630,25829,88932,16830,37232,38144,47646,098
Cost of revenue33,99336,92345,16240,43137,07132,13231,52834,63433,54029,77633,05132,12230,12729,75128,64030,39628,46830,32939,00736,691
Gross profit1,9101,6196,4794,0234,6754,3072,9813,7701,8741,9831,4397546295071,2491,7721,9042,0525,4699,407
Gross margin5%4%13%9%11%12%9%10%5%6%4%2%2%2%4%6%6%6%12%20%
Operating income1,5941,3846,2193,7924,2954,0432,7593,5031,5531,6791,221507348-9009971,5091,5751,7315,1969,073
Operating margin4%4%12%9%10%11%8%9%4%5%4%2%1%-3%3%5%5%5%12%20%
Interest expense152145142138137146148149149140140141135137141139139140145144
Pre-tax income1,2791,2196,1103,7284,2504,0262,7173,4761,5491,6831,203489323-9179421,4561,5241,7235,1679,056
Tax rate13%21%22%22%24%22%22%23%21%21%23%20%-11%n/a30%27%23%23%21%23%
Net income1,0099054,6932,8173,1133,0671,9442,6221,2021,245880364281-5957141,0951,1341,2633,7206,828
Net margin3%2%9%6%7%8%6%7%3%4%3%1%1%-2%2%3%4%4%8%15%
Diluted EPS$2.48$2.21$11.57$7.19$8.15$8.29$5.40$7.49$3.55$3.75$2.71$1.14$0.88-$1.90$2.28$3.53$3.73$4.22$12.62$23.89
Operating cash flow2,4545885,8452,0454,0963,1701,5123,3081,2391,8462,4721,2951,0709529361,8812,0571,3905,5806,932
Capital expendituren/an/an/an/an/an/an/an/an/a661420429547659407409n/an/an/an/a
Free cash flown/an/an/an/an/an/an/an/an/a1,1852,0528665232935291,472n/an/an/an/a
Buybacks12.01441,7488771,8081,4519421,7879561,0231,0335602592743389221,0645732,2633,362
Dividends paid401401399386376379367360346356347342339356354351344359355345
Shares outstanding409m408m394m386m371m362m353m340m332m327m320m317m315m313m311m305m299m297m288m279m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue75,65993,980117,033108,32464,912113,977176,383144,766129,881122,687153,327
Cost of revenue71,26889,433111,439103,54665,652110,848159,587131,834125,076117,255134,495
Gross profit4,3914,5475,5944,778-7403,12916,79612,9324,8055,43218,832
Gross margin5.8%4.8%4.8%4.4%-1.1%2.7%9.5%8.9%3.7%4.4%12.3%
Operating income3,5343,5634,5723,836-1,5792,13015,69011,8583,7553,18117,575
Operating margin4.7%3.8%3.9%3.5%-2.4%1.9%8.9%8.2%2.9%2.6%11.5%
Interest expense446468470454563603562592556556568
Pre-tax income3,1823,2074,2323,486-2,0101,54315,30711,7683,6983,00517,470
Income tax765-949879702-9032553,4282,6196927593,917
Effective tax rate24.0%-29.6%20.8%20.1%n/a16.5%22.4%22.3%18.7%25.3%22.4%
Net income2,2894,0653,1222,422-1,42193011,5288,8352,7702,34812,945
Net margin3.0%4.3%2.7%2.2%-2.2%0.8%6.5%6.1%2.1%1.9%8.4%
Diluted EPS$4.94$9.16$7.29$5.84-$3.50$2.27$29.04$24.92$8.58$7.57$44.46
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Refining71,96890,266113,118103,76460,848106,961168,210136,488123,863116,16692.4%
Ethanol3,6913,5003,6383,8373,2435,5895,4865,5594,4864,9774.0%
Renewable Dieseln/a6346781,2171,2672,3425,5016,9915,0664,5973.7%
VLP0n/an/an/an/an/an/an/an/an/an/a
Sales between segments, taken outn/an/an/an/an/an/a-2,814-4,272-3,534-3,053n/a
RefiningEthanolRenewable Diesel FY2017 to FY2025
94.4FY2017108.8FY2019114.9FY2021149.0FY2023125.7FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Sales between segments, taken out is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2016 to FY2025

The operating profit each segment reports. Costs Valero Energy does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Refining3,7304,2075,1434,022-1,3421,86215,80311,5113,9714,0403.5%
Ethanol340172823-694731105532883747.5%
Renewable Dieseln/a60321732638709774852507-156-3.4%
VLP221n/an/an/an/an/an/an/an/an/an/a
RefiningEthanolRenewable Diesel FY2017 to FY2025VLP FY2016
4.4FY20174.8FY20193.0FY202112.9FY20234.3FY2025

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Refining92%92%
Ethanol4%8%
Renewable Diesel4%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States51,47966,61482,99277,17345,17482,940126,722104,20893,31187,81971.6%
U.K. and Ireland10,79711,55615,20813,5849,26813,30717,82216,14815,23615,83012.9%
Canada6,1157,0399,2117,9154,2946,59711,74310,1078,5778,1376.6%
Other Countries7,2688,7719,6229,6526,1767,27811,7007,8657,3525,7334.7%
Mexico and Perun/an/an/an/an/a3,8558,3966,4385,4055,1684.2%
United StatesU.K. and IrelandCanadaOther CountriesMexico and Peru FY2021 to FY2025
94.0FY2017108.3FY2019114.0FY2021144.8FY2023122.7FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow4,8205,4824,3715,5319485,85912,5749,2296,6835,82615,959
Capital expenditure1,2781,3533,3762,8462,4362,4582,7371,9162,057n/an/a
Free cash flow3,5424,1299952,685-1,4883,4019,8377,3134,626n/an/a
Free cash flow margin4.7%4.4%0.9%2.5%-2.3%3.0%5.6%5.1%3.6%n/an/a
Cash from investing-2,006-2,382-3,928-3,001-2,425-2,159-2,805-1,865-1,981-1,845-1,599
Cash from financing-2,012-2,272-3,168-2,9972,077-2,846-8,849-6,941-5,049-4,182-9,186
Depreciation and amortisation48.052.052.053.048.047.045.043.045.063.053.0
Share-based compensation68.077.086.089.080.088.0103107100117n/a
Buybacks1,3361,3721,70877715627.04,5775,1362,8752,5987,262
Dividends paid1,1111,2421,3691,4921,6001,6021,5621,4521,3841,4051,403
Dividend per share$2.40$2.80$3.20$3.60$3.92$3.92$3.92$4.08$4.28$4.52n/a
Diluted shares, weighted464m444m428m414m407m407m396m353m322m309m285m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a279m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity20,02421,99121,66721,80318,80118,43023,56126,34624,51223,72527,974
Non-controlling interest8309091,0647338411,3871,9072,1783,0092,8803,110
Debt8,0018,3108,5038,88113,01311,9509,2419,2188,0858,26111,001
Operating lease liabilitiesn/an/an/a959885940776753699665n/a
Finance lease liabilitiesn/an/an/a7501,5441,7662,1462,0972,1342,104n/a
Other liabilities17,31818,94818,92120,73816,69023,41523,35122,46421,70420,35325,866
Total liabilities and equity46,17350,15850,15553,86451,77457,88860,98263,05660,14357,98867,951
Owned
Fixed assets26,47227,48028,84829,264n/an/an/an/an/an/an/a
Goodwilln/a0.0260260260260260260260260n/a
Intangible assets148142307283248218202183151123n/a
Securities held for sale or to maturityn/an/an/an/an/a0.0n/an/an/an/an/a
Cash and equivalents4,8165,8502,9822,5833,3134,1224,8625,4244,6574,6889,840
Receivables5,9016,9227,3458,0584,8079,96810,76111,0389,7319,20714,749
Inventory5,7096,3846,5327,0136,0386,2656,7527,5837,7617,5917,611
Other assets3,1273,3803,8816,40337,10837,05538,14538,56837,58336,11935,751
Total assets46,17350,15850,15553,86451,77457,88860,98263,05660,14357,98867,951
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a13.6%-11.4%24.6%
Profit growth, compoundedn/an/a-41.2%765.9%
Return on equity, average15.7%21.7%18.2%9.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Valero Energy's revenue in fiscal 2025?

Valero Energy (VLO) reported revenue of $122.7 billion for fiscal 2025, the year ended 31 December 2025, down 5.5% on the year before.

How much did Valero Energy earn in fiscal 2025?

Net income was $2.3 billion for fiscal 2025, and diluted earnings per share $7.57.

What is Valero Energy's P/E ratio?

At the close of 6 November 2026, Valero Energy traded at 7.8 times its earnings over the twelve months to 30 September 2026.

What is Valero Energy's market cap?

The market cap of Valero Energy was $96.6 billion at the close of 6 November 2026.

Does Valero Energy pay a dividend?

Yes. Valero Energy declared $4.73 a share in dividends over the four quarters to 30 September 2026.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$676.6 billion17.0315.3%14.0%19.0%0.132.5%
Chevron Corp. CVX$417.9 billion15.5613.9%16.7%20.0%0.173.3%
ConocoPhillips COP$161.2 billion14.3217.5%n/a13.3%0.352.5%
BP plc BP *$122.4 billionn/a0.1%6.6%-1.1%1.094.1%
Equinor ASA EQNR *$105.0 billion21.6412.5%23.8%2.6%0.690.3%
Marathon Petroleum Corp. MPC$101.5 billion7.2863.0%12.5%31.2%1.421.1%
Valero Energy Corp. VLO$96.6 billion7.7946.3%11.5%24.6%0.391.4%
Phillips 66 PSX$95.8 billion7.8536.6%n/a27.5%0.542.0%
Suncor Energy Inc. SU *$82.0 billion19.7813.1%n/a-4.6%0.222.5%
Imperial Oil Ltd. IMO$59.0 billion9.9424.8%14.2%15.7%0.142.3%
PBF Energy Inc. PBF$8.2 billion3.0034.1%9.8%31.5%0.271.6%
Delek US Holdings, Inc. DK$3.9 billion3.4070.8%13.3%27.1%2.031.6%
All 98 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$676.6 billion17.0315.3%14.0%19.0%0.132.5%
Chevron Corp. CVX$417.9 billion15.5613.9%16.7%20.0%0.173.3%
Shell plc SHEL *$281.9 billion16.5210.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$193.8 billion15.2011.4%n/a-6.2%0.534.2%
ConocoPhillips COP$161.2 billion14.3217.5%n/a13.3%0.352.5%
BP plc BP *$122.4 billionn/a0.1%6.6%-1.1%1.094.1%
Petróleo Brasileiro S.A. (Petrobras) PBR *$119.3 billion6.0926.0%29.3%-2.4%0.356.8%
Equinor ASA EQNR *$105.0 billion21.6412.5%23.8%2.6%0.690.3%
Marathon Petroleum Corp. MPC$101.5 billion7.2863.0%12.5%31.2%1.421.1%
Canadian Natural Resources Limited CNQ *$101.0 billion13.1324.4%n/a8.7%0.373.5%
Valero Energy Corp. VLO$96.6 billion7.7946.3%11.5%24.6%0.391.4%
Phillips 66 PSX$95.8 billion7.8536.6%n/a27.5%0.542.0%
Suncor Energy Inc. SU *$82.0 billion19.7813.1%n/a-4.6%0.222.5%
Eni S.p.A. E *$82.0 billion31.825.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$76.3 billion9.5124.7%35.8%31.7%0.242.8%
SLB Limited SLB$73.7 billion24.2311.9%n/a4.6%0.492.3%
Imperial Oil Ltd. IMO$59.0 billion9.9424.8%14.2%15.7%0.142.3%
Occidental Petroleum Corp. OXY$56.4 billionn/an/an/an/a0.311.8%
Diamondback Energy, Inc. FANG$50.0 billion24.485.3%12.6%21.1%0.342.4%
Devon Energy Corp. DVN$48.1 billion10.558.6%16.2%27.1%0.252.7%
Woodside Energy Group Ltd. WDS *$40.0 billion14.817.6%30.0%-1.5%0.335.0%
EQT Corp. EQT$30.9 billion11.7110.4%41.8%18.6%0.221.3%
Halliburton Co. HAL$26.3 billion13.3218.0%12.6%1.5%0.642.1%
Expand Energy Corp. EXE$19.5 billion7.3314.1%25.7%28.2%0.242.7%
Permian Resources Corp. PR$18.3 billion11.3613.0%40.1%22.8%0.252.8%
Ovintiv Inc. OVV$16.4 billion12.2011.4%15.1%15.0%0.312.0%
APA Corp. APA$15.0 billion7.2430.2%46.4%-3.5%0.462.2%
Viper Energy, Inc. VNOM$14.7 billion29.655.4%36.2%n/a0.476.0%
Range Resources Corp. RRC$11.4 billion12.9218.3%32.4%20.8%0.160.8%
Antero Resources Corp. AR$11.1 billion8.1415.9%27.6%28.7%0.32n/a
PBF Energy Inc. PBF$8.2 billion3.0034.1%9.8%31.5%0.271.6%
Chord Energy Corp. CHRD$7.3 billion8.5510.9%22.8%30.1%0.183.8%
SM Energy Co. SM$7.0 billion7.2612.1%23.6%107.6%0.852.9%
Noble Corp. plc NE$6.5 billion123.881.3%12.0%-13.0%0.444.9%
Magnolia Oil & Gas Corp. MGY$6.3 billion10.6110.1%36.9%26.3%0.462.8%
Matador Resources Co. MTDR$6.2 billion8.6911.9%31.6%1.3%0.823.0%
Transocean Ltd. RIG$5.8 billion37.363.5%20.4%3.9%0.59n/a
Valaris Ltd. VAL$5.5 billion7.0024.4%9.0%-11.6%0.33n/a
Murphy Oil Corp. MUR$5.2 billion11.218.7%25.7%13.7%0.293.8%
CNX Resources Corp. CNX$5.0 billion5.9218.9%42.7%47.0%0.470.0%
Crescent Energy Co. CRGY$4.7 billionn/a1.2%27.8%33.5%0.924.3%
Valvoline Inc. VVV$4.4 billion43.4824.4%15.3%16.1%3.84n/a
California Resources Corp. CRC$4.1 billionn/a-16.5%-20.3%-23.8%0.423.5%
Comstock Resources Inc. CRK$3.9 billion9.1816.1%28.4%17.5%1.290.0%
Delek US Holdings, Inc. DK$3.9 billion3.4070.8%13.3%27.1%2.031.6%
Hess Midstream LP HESM$3.8 billion10.26n/a62.7%-0.6%n/an/a
CVR Energy Inc. CVI$3.8 billion14.5024.4%5.7%34.4%1.63n/a
Patterson-UTI Energy, Inc. PTEN$3.8 billionn/a-0.8%0.9%0.0%0.403.8%
Icahn Enterprises L.P. IEP$3.6 billionn/an/a-9.9%16.0%n/an/a
Helmerich & Payne, Inc. HP$3.5 billionn/a-5.1%2.3%16.6%0.700.7%
Calumet, Inc. CLMT$3.5 billionn/an/a3.4%28.4%n/an/a
Par Pacific Holdings, Inc. PARR$3.4 billion3.5940.7%13.2%29.1%0.21n/a
Oceaneering International Inc. OII$3.4 billion10.4427.1%10.4%3.0%0.40n/a
WaterBridge Infrastructure LLC WBI$3.1 billion179.561.3%15.5%n/a2.37n/a
Gulfport Energy Corp. GPOR$2.6 billion5.7725.5%44.3%20.3%0.56n/a
Seadrill Ltd. SDRL$2.6 billionn/a-0.6%8.6%17.1%0.26n/a
Quaker Chemical Corp. KWR$2.6 billion26.836.9%7.6%8.7%0.631.4%
Talos Energy Inc. TALO$2.5 billionn/a-20.2%-0.4%13.5%0.72n/a
Northern Oil & Gas, Inc. NOG$2.4 billionn/a-25.7%-24.2%-28.3%1.437.9%
Select Water Solutions, Inc. WTTR$2.2 billion57.863.0%3.5%-2.0%0.25n/a
National Energy Services Reunited Corp. NESR$2.0 billionn/an/an/an/a0.26n/a
Liberty Energy Inc. LBRT$2.0 billion49.812.1%1.7%13.6%0.673.0%
BKV Corp. BKV$1.9 billion8.319.8%28.1%34.2%0.89n/a
Mach Natural Resources LP MNR$1.5 billion10.02n/a17.9%36.7%n/an/a
Dorchester Minerals, L.P. DMLP$1.4 billion13.27n/a49.8%38.2%n/an/a
Kosmos Energy Ltd. KOS$1.3 billionn/a-68.9%-21.9%20.9%3.87n/a
Nabors Industries Ltd. NBR$1.2 billionn/a-6.8%14.0%4.8%3.57n/a
RPC Inc. RES$1.2 billionn/a-3.0%-2.2%17.8%0.033.0%
Tamboran Resources Corp. TBN$1.0 billionn/a-3.3%n/an/a0.07n/a
Riley Exploration Permian, Inc. REPX$911 million8.8816.0%45.6%45.5%0.383.9%
HighPeak Energy, Inc. HPK$903 millionn/an/an/an/a0.772.2%
Diversified Energy Co. DEC$898 million15.8811.0%14.7%n/a4.299.1%
Tetra Technologies Inc. TTI$889 million99.832.1%6.9%6.1%0.46n/a
Infinity Natural Resources, Inc. INR$811 million4.9615.1%40.9%75.4%1.35n/a
ProPetro Holding Corp. PUMP$785 millionn/a0.2%0.5%-6.0%0.86n/a
Hornbeck Offshore Services, Inc. HOS$783 million19.672.5%5.6%2.0%0.19n/a
TXO Partners, L.P. TXO$729 millionn/an/a-23.7%-1.2%n/an/a
Granite Ridge Resources, Inc. GRNT$698 millionn/a-9.7%13.7%24.2%0.858.3%
Atlas Energy Solutions Inc. AESI$676 millionn/a-13.0%-10.2%-3.7%0.9213.9%
Vitesse Energy, Inc. VTS$622 millionn/a-8.1%12.0%10.6%0.3312.7%
Vaalco Energy Inc. EGY$565 millionn/a-28.6%-10.4%-25.5%0.474.7%
ProFrac Holding Corp. ACDC$546 millionn/a-76.9%-12.0%-3.3%2.01n/a
W&T Offshore Inc. WTI$477 millionn/an/a5.0%20.3%n/a1.3%
Sandridge Energy Inc. SD$464 million4.7517.1%38.4%24.9%0.004.6%
Core Laboratories Inc. CLB$404 million22.645.6%7.5%-0.1%0.410.5%
Natural Gas Services Group Inc. NGS$357 million17.177.0%21.6%15.4%1.111.7%
Gran Tierra Energy Inc. GTE$334 millionn/a-308.1%-54.4%6.2%6.53n/a
Sable Offshore Corp. SOC$298 millionn/a-109.8%-292.8%n/a2.45n/a
Ranger Energy Services, Inc. RNGR$293 million20.884.7%3.7%6.1%0.050.5%
Ring Energy, Inc. REI$287 millionn/a-25.1%-20.5%7.4%0.47n/a
Pedevco Corp. PED$198 millionn/an/a14.0%229.4%0.00n/a
Epsilon Energy Ltd. EPSN$157 millionn/a-2.7%1.0%53.7%0.31n/a
Mammoth Energy Services, Inc. TUSK$150 million10.765.1%-10.6%-10.4%0.00n/a
Amplify Energy Corp. AMPY$138 million7.425.2%19.9%-23.7%0.00n/a
Evolution Petroleum Corp. EPM$125 millionn/a-4.0%4.0%0.6%0.9413.8%
Nine Energy Service, Inc. NINE$104 millionn/a52.4%-4.0%-7.2%0.76n/a
Empire Petroleum Corp. EP$103 millionn/a-974.5%-224.1%-20.8%2.07n/a
BIG SKY Industrial Inc. BSIN$71 millionn/a-28.8%-153.7%-48.7%0.12n/a
14 companies share its SEC industry code (Petroleum Refining); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on VLO

Dividends$4.73 a share over the four quarters to 30 September 2026, a 1.37% yield
Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 regulation FD disclosure; 2 other events; 2 officer or director change; 1 shareholder vote
Planned insider sales8 Form 144 notices in twelve months, $11.9 million; latest 3 August 2026
Options tapeput/call 1.13 by open interest at the 6 November 2026 close; the straddle prices a 6.4% move to 13 November 2026
13F holders1,990 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.0 million shares short, 3.34 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 202523 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR

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