---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-082159"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T12:58:37.856332+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero to idle/restructure Benicia refinery, records $1.1B impairment on California assets

## Summary
- Valero subsidiary notified California Energy Commission of intent to idle/restructure/cease Benicia Refinery by end of April 2026.
- Recorded combined pre-tax impairment of $1.1B for Benicia and Wilmington refineries as of March 31, 2025.
- Impairment includes $337M asset retirement obligations; charge to be excluded from Q1 2025 adjusted earnings.
- Company continues evaluating strategic alternatives for remaining California operations.
- Charge reflects non-recoverability of carrying values; significant judgment used in estimates.

## SEC filing metadata
- accession: 0001193125-25-082159
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000119312525082159/0001193125-25-082159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000119312525082159/d84892d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-082159
- JSON: https://secwatch.observer/filing/0001193125-25-082159.json
- Plain text: https://secwatch.observer/filing/0001193125-25-082159.txt

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