---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-24-000004"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:22:15.116281+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valero Q4 EPS $3.55 vs $8.15 YoY; FY EPS $24.92; dividend raised 5% to $1.07

## Summary
- Q4 net income $1.2B ($3.55 EPS) vs $3.1B ($8.15 EPS) in Q4 2022.
- Full-year net income $8.8B ($24.92 EPS) vs $11.5B ($29.04 EPS) in 2022.
- Refining segment operating income $1.6B in Q4 vs $4.3B in Q4 2022.
- Returned $1.3B in Q4 ($346M dividends, $966M buybacks); raised quarterly dividend 5% to $1.07/share.
- SAF project at DGD Port Arthur on schedule for Q1 2025; cost $315M (50% Valero).

## SEC filing metadata
- accession: 0001035002-24-000004
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000004/0001035002-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000004/vlo-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-24-000004
- JSON: https://secwatch.observer/filing/0001035002-24-000004.json
- Plain text: https://secwatch.observer/filing/0001035002-24-000004.txt

## Key facts
- Earnings Releases
  VALERO ENERGY CORP/TX reported the year ended December 31, 2023 results: net income $8.8 billion, or $24.92 per share.
  - Period: the year ended December 31, 2023
  - Net income: $8.8 billion, or $24.92 per share
  - Result: reported results
  source text: For 2023, net income attributable to Valero stockholders was $8.8 billion, or $24.92 per share, compared to $11.5 billion, or $29.04 per share, in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000004/0001035002-24-000004-index.htm
- Earnings Releases
  VALERO ENERGY CORP/TX reported the fourth quarter ended December 31, 2023 results: net income $1.2 billion, or $3.55 per share.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: $1.2 billion, or $3.55 per share
  - Result: reported results
  source text: Valero Energy Corporation (the “Company”) issued a press release announcing the Company’s financial and operating results for the fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000004/0001035002-24-000004-index.htm

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