secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001035002-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q4 net income $1,009M ($2.46 EPS) vs loss a year ago; debt reduced $693M
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- Adjusted net income $1,012M ($2.47 EPS); refining segment operating income $1.3B vs loss of $377M a year ago.
- Q4 refinery throughput 3.0M bpd, up 483k bpd YoY; renewable diesel sales 1.6M gal/day, up 974k gal/day.
- Reduced long-term debt $693M in Q4 and $1.3B for full year 2021; returned $401M to shareholders via dividends.
- DGD 2 expansion at St. Charles commenced ahead of schedule; DGD 3 at Port Arthur now expected Q1 2023.
- Full-year 2021 net income $930M ($2.27 EPS) vs net loss $1,421M ($3.50 loss per share) in 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000003/0001035002-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000003/vlo-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001035002-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer