secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001193125-25-017279
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q4 net income plunges 77% to $281M; FY2024 EPS $8.58 vs $24.93
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- Q4 revenue $30.8B, down 13% YoY from $35.4B; operating income $348M vs $1.55B.
- Net income attributable to Valero: $281M ($0.89 diluted EPS) vs $1.20B ($3.55) in Q4 2023.
- Full-year 2024 net income $2.77B ($8.58 EPS), down from $8.84B ($24.92 EPS) in 2023.
- IRS approved cellulosic ethanol tax credit; $79M current income tax benefit recognized for 2020-2024 volumes.
- Recorded $29M charge in FY2024 related to canceled Navigator carbon capture pipeline project.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000119312525017279/0001193125-25-017279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000119312525017279/d932187d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-017279

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