secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001035002-22-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q2 2022 net income $4.7B ($11.57 EPS) vs $162M year ago; refining op income $6.2B
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- Adjusted net income $4.6B ($11.36 EPS) vs $260M ($0.63) in Q2 2021.
- Refining segment operating income $6.2B vs $349M last year; throughput 3.0M bpd.
- Reduced debt by $300M via GO Zone bond acquisition; total debt reduction of $2.3B since H2 2021.
- DGD renewable diesel segment op income $152M; DGD 3 expected to start Q4 2022 (470M gal/yr capacity).
- Capital investments $653M; liquidity $5.4B cash; debt-to-cap net of cash 25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000043/0001035002-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000043/vlo-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001035002-22-000043

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