secwatch.observer — SEC 8-K summary
======================================

Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001035002-23-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q2 net income $1.9B ($5.40 EPS), down 60% YoY; refining income $2.4B
---------------------------------------------------------------------------

- Net income $1.9B ($5.40 EPS) vs Q2 2022 $4.7B ($11.57 EPS); adjusted EPS $11.36 in prior year.
- Refining operating income $2.4B vs $6.2B YoY; throughput 3.0M bpd at 94% capacity utilization.
- Renewable Diesel (DGD) operating income $440M vs $152M; sales volumes up 2.2M gal/day.
- Returned $1.3B to shareholders ($367M dividends, $951M buybacks); declared $1.02 quarterly dividend.
- SAF project at DGD Port Arthur expected 2025, cost $315M (50% Valero); Port Arthur coker at full capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500223000101/0001035002-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500223000101/vlo-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001035002-23-000101

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