---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-23-000010"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:43:40.683998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero Q4 net income $3.1B ($8.15/sh); full-year net income $11.5B ($29.04/sh)

## Summary
- Q4 net income $3.1B ($8.15/sh); adjusted $3.2B ($8.45/sh); Refining operating income $4.3B vs $1.3B YoY.
- Full-year net income $11.5B ($29.04/sh); adjusted $11.6B ($29.16/sh); generated $13.8B adjusted operating cash flow.
- Debt reduced by $2.7B in 2022, total reduction $4.0B since H2 2021; debt-to-cap net of cash 21% vs 40% pandemic high.
- Refinery utilization 97% in Q4, highest since 2018; DGD Port Arthur plant started ahead of schedule and under budget.
- Renewable Diesel segment Q4 operating income $261M (+$111M YoY); Ethanol $7M vs $474M YoY due to lower prices.

## SEC filing metadata
- accession: 0001035002-23-000010
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000010/0001035002-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000010/vlo-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-23-000010
- JSON: https://secwatch.observer/filing/0001035002-23-000010.json
- Plain text: https://secwatch.observer/filing/0001035002-23-000010.txt

## Key facts
- Earnings Releases
  VALERO ENERGY CORP/TX reported the fourth quarter ended December 31, 2022 results: net income $3.1 billion, EPS $8.15 per share.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: $3.1 billion
  - EPS: $8.15 per share
  - Result: reported results
  source text: Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $3.1 billion, or $8.15 per share, for the fourth quarter of 2022, compared to $1.0 billion, or $2.46 per share, for the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000010/0001035002-23-000010-index.htm
- Earnings Releases
  VALERO ENERGY CORP/TX reported the fiscal year ended December 31, 2022 results: net income $11.5 billion, EPS $29.04 per share.
  - Period: the fiscal year ended December 31, 2022
  - Net income: $11.5 billion
  - EPS: $29.04 per share
  - Result: reported results
  source text: For 2022, net income attributable to Valero stockholders was $11.5 billion, or $29.04 per share, compared to $930 million, or $2.27 per share, in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000010/0001035002-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.