secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001035002-23-000108
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q3 net income $2.6B ($7.49 EPS); refining op income $3.4B
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- Net income attributable to stockholders $2.6B ($7.49 diluted EPS) vs $2.8B ($7.19) in Q3 2022.
- Refining segment operating income $3.4B (down from $3.8B); throughput 3.0M bpd at 95% utilization.
- Returned $2.2B to stockholders: $360M dividends + $1.8B buybacks (13M shares); payout ratio 68%.
- Renewable diesel op income $123M (down from $212M); ethanol op income $197M (up from $1M).
- SAF project at DGD Port Arthur on schedule for 2025, $315M cost, optionality for ~50% capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500223000108/0001035002-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500223000108/vlo-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001035002-23-000108

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