Valero Energy Corp
valero.comHow Do They Make Money?
Sources
-
10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by reportable segment ↗
Revenue, FY2025
$122.7B
Sources
-
10-K for FY2025, filed Feb 25, 2026
$122.7B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Refining
|
95%
FY2022: 95%
|
Refining, FY2025
$116.2B Sources
|
|
Renewable Diesel
|
2.0%
FY2022: 2.0%
|
Renewable Diesel, FY2025
$2.5B Sources
|
|
Ethanol
|
3.3%
FY2022: 2.7%
|
Ethanol, FY2025
$4B Sources
|
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 25, 2026
Sources
How Are They Changing?
Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Refining share of revenue
vs 94.8% in Q2 FY2025
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Flat. Revenue was $122.7B in FY2025, about the same as the $114B of FY2021.
Revenue over time
Refining
Renewable Diesel
Ethanol
$200B$100B$0
$106.9B
$168.2B
$136.5B
$123.9B
$116.2B
100%50%0%
94%
95%
94%
95%
95%
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