Highest-materiality recent filing
Valero Q2 net income $3.7B ($12.62/sh) vs $714M a year ago; all segments strong
Refining operating income $4.5B vs $1.3B YoY; throughput 3.0M bpd.
Valero board authorizes $5.0B share repurchase program, adding to $1.4B remaining from prior program
Board authorized new $5.0B share buyback program on July 16, 2026, with no expiration date.
Valero SVP Eric Fisher to retire July 1, 2026; annual meeting votes pass
Eric A. Fisher, SVP Product Supply, Trading and Wholesale, to retire on/about July 1, 2026; will assist transition.
Valero Q1 net income $1.3B ($4.22/sh); dividend raised 6% to $1.20
Reported net income of $1.3B ($4.22/sh) vs net loss $595M ($1.90/sh) in Q1 2025; adjusted Q1 2025 net income $282M ($0.89/sh).
Valero Energy issues $850M of 5.150% Senior Notes due 2036
$850M aggregate principal, 5.150% coupon, due 2036.
Valero Q4 net income $1.1B vs $281M YoY; dividend raised 6% to $1.20/share
Adjusted EPS $3.82 for Q4 2025 vs $0.64 in Q4 2024; full-year adjusted EPS $10.61 vs $8.48.
Jason Fraser to retire as EVP and CFO on Dec 31, 2025; will remain as employee into Q1 2026.
Valero Q3 net income $1.1B ($3.53/share) vs $364M a year ago; adjusted EPS $3.66 beats
Refining segment operating income $1.6B, up from $565M in Q3 2024; throughput 3.1M bpd at 97% utilization.
Valero amends credit facility, extends maturity to Oct 2030
Amended and restated $4.0B revolving credit facility; can be increased to $5.5B.
Valero elects Robert L. Reymond as independent director, effective Sept 18, 2025
Board expanded to 10 members; Reymond appointed to Nominating and Corporate Governance Committee.
Valero Q2 net income $714M ($2.28 EPS) down from $880M; refining income up, renewable diesel loss
Net income $714M ($2.28 EPS) vs $880M ($2.71 EPS) in Q2 2024; refining operating income $1.3B vs $1.2B.
Valero director Profusek retires; all director nominees elected at 2025 annual meeting
Director Robert A. Profusek retired effective May 6, 2025 under Valero's director retirement policy.
Valero Q1 net loss $595M ($1.90/share) on $1.1B asset impairment; adjusted EPS $0.89
Net loss $595M ($1.90 loss per share) vs net income $1.2B ($3.75) Q1 2024; adjusted net income $282M ($0.89) excludes $1.1B pre-tax West Coast impairment.
Valero to idle/restructure Benicia refinery, records $1.1B impairment on California assets
Valero subsidiary notified California Energy Commission of intent to idle/restructure/cease Benicia Refinery by end of April 2026.
Valero updates investor presentation slide deck; no material new information
Attached Exhibit 99.01 contains only a generic title slide; no financial data or operational updates.
Valero prices $650M of 5.150% Senior Notes due 2030
$650M aggregate principal amount of 5.150% Senior Notes due 2030 issued.
Valero Q4 net income $281M ($0.88 EPS); down 76% YoY; dividend raised 6% to $1.13
Q4 GAAP net income $281M ($0.88 diluted EPS) versus $1.2B ($3.55) in Q4 2023; adjusted EPS $0.64
Valero Q4 net income plunges 77% to $281M; FY2024 EPS $8.58 vs $24.93
Q4 revenue $30.8B, down 13% YoY from $35.4B; operating income $348M vs $1.55B.
Valero Chairman Joseph Gorder to retire Dec 31; CEO Riggs to become Chairman
Joseph W. Gorder retires as Executive Chairman and Board member effective Dec 31, 2024.
Valero Q3 net income $364M ($1.14 EPS) vs $2.6B ($7.49) YoY; refining down sharply
Refining segment operating income $565M vs $3.4B YoY; throughput avg 2.9M bpd amid heavy maintenance.
Valero Q2 net income falls to $880M ($2.71/share) from $1.9B ($5.40) YoY
Refining segment operating income $1.2B, down from $2.4B in Q2 2023.
Valero director Nickles retires; annual meeting votes pass; director stock awards granted
Director Donald L. Nickles retired effective May 15, 2024 per Valero's director retirement policy.
Valero updates investor presentation; no specific financial data disclosed
Updated investor presentation issued for management meetings; no new financial data provided.
Valero Q1 net income $1.2B ($3.75 EPS), down from $3.1B YoY; dividend raised to $1.07/share
GAAP EPS $3.75 vs $8.29 Q1 2023; adjusted EPS $3.82 vs $8.27.
Valero Q4 EPS $3.55 vs $8.15 YoY; FY EPS $24.92; dividend raised 5% to $1.07
Q4 net income $1.2B ($3.55 EPS) vs $3.1B ($8.15 EPS) in Q4 2022.
Valero CAO Lawrence Schmeltekopf to retire Jan 2, 2024
Lawrence M. Schmeltekopf, 59, SVP and Chief Accounting Officer, informed Valero of his retirement effective January 2, 2024.
Valero Q3 net income $2.6B ($7.49 EPS); refining op income $3.4B
Net income attributable to stockholders $2.6B ($7.49 diluted EPS) vs $2.8B ($7.19) in Q3 2022.
Valero CTO to retire; Board adds $2.5B buyback authorization
Cheryl L. Thomas, SVP & CTO, plans to retire on or about Jan 2, 2024; will help transition duties internally.
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.
Valero promotes Gary K. Simmons to EVP and COO effective July 20, 2023
Gary K. Simmons promoted from EVP and Chief Commercial Officer to EVP and Chief Operating Officer.
Valero CEO Gorder to retire, Riggs promoted to CEO effective June 30, 2023
CEO Joseph W. Gorder retires effective June 30, 2023, becomes Executive Chairman.
Valero Q1 net income $3.1B, EPS $8.29; dividend raised to $1.02/share
Net income attributable to stockholders $3.1B ($8.29 GAAP EPS; $8.27 adj.) vs $905M ($2.21) in Q1 2022.
Valero Q4 net income $3.1B ($8.15/sh); full-year net income $11.5B ($29.04/sh)
Q4 net income $3.1B ($8.15/sh); adjusted $3.2B ($8.45/sh); Refining operating income $4.3B vs $1.3B YoY.
Valero extends $4B credit facility to Nov 2027, adds $1.5B accordion
New $4B revolving credit facility matures Nov 22, 2027, extending from Mar 2024 maturity.
Valero elects Marie A. Ffolkes to board, independent director, effective Oct 28, 2022
Marie A. Ffolkes elected independent director; joins Nominating and Corporate Governance Committee effective Oct 28, 2022.
Valero Q3 net income $2.8B ($7.19/sh) vs $463M YoY; debt reduced $1.25B in Sep
Net income $2.8B, EPS $7.19; adjusted EPS $7.14; refining operating income $3.8B vs $835M YoY.
Valero updates executive compensation peer group and performance share targets
Removes Ford Motor Co from comp peer group; adds LyondellBassell, Raytheon Technologies, and Lockheed Martin.
Valero Q2 2022 net income $4.7B ($11.57 EPS) vs $162M year ago; refining op income $6.2B
Adjusted net income $4.6B ($11.36 EPS) vs $260M ($0.63) in Q2 2021.
Valero Energy board approves new $2.5B share buyback authorization
New share repurchase authorization of up to $2.5 billion approved by board.
Valero updates investor presentation slides; no new financial figures disclosed
Management updated the investor presentation for June 2022.
Valero annual meeting re-elects all 11 directors; GHG proposal fails; Waters retires
Director Stephen M. Waters retired effective April 28, 2022 per Valero's retirement policy.
Net income $905M ($2.21 EPS) vs net loss $704M (-$1.73) YoY; adjusted net income $944M ($2.31 EPS).
Valero renames two board committees in bylaws amendment
Nominating/Governance and Public Policy Committee renamed to Nominating and Corporate Governance Committee.
Valero issues $650M of 4.000% Senior Notes due 2052
Issued $650M aggregate principal amount of 4.000% Senior Notes due 2052.
Valero Q4 net income $1,009M ($2.46 EPS) vs loss a year ago; debt reduced $693M
Adjusted net income $1,012M ($2.47 EPS); refining segment operating income $1.3B vs loss of $377M a year ago.
Valero closes $1.45B public offering of senior notes due 2031 and 2051
Issued $500M of 2.800% Senior Notes due 2031 and $950M of 3.650% Senior Notes due 2051.
Valero issues $1.45B in senior notes: $500M 2.800% due 2031 and $950M 3.650% due 2051
Issued $500M of 2.800% Senior Notes due 2031 and $950M of 3.650% Senior Notes due 2051 for total $1.45B.
Valero launches cash tender offers for up to $1.85B of senior notes
Any-and-all tender for $850M of 2.700% Senior Notes due 2023, expiring Nov 24, 2021.
Valero Q3 2021 net income $463M ($1.13 EPS), refining ops income $835M vs loss year ago
Reported net income of $463M ($1.13 per share); adjusted net income $500M ($1.22 per share).
Valero elects Fred M. Diaz to board of directors, effective immediately
Board size increased to 12 members; Diaz appointed to Nominating/Governance and Public Policy Committee.
On May 7, 2026, Eric A. Fisher, Senior Vice President Product Supply, Trading and Wholesale of Valero Energy Corporation (“Valero”), informed Valero that he intends to retire on or about July 1, 2026.
director Robert A. Profusek retired from the board of directors (the “Board”) of Valero Energy Corporation (“Valero”) in accordance with the terms of Valero’s director retirement policy.
Joseph W. Gorder has elected to retire from his position as Executive Chairman and as a member of the of the board of directors of Valero (the “Board”) effective as of the close of business on December 31, 2024 (the “Effective Date”).
the Board has elected R. Lane Riggs, Valero’s Chief Executive Officer and President, and member of the Board, to the additional position of Chairman of the Board effective as of the Effective Date.
effective May 15, 2024, director Donald L. Nickles retired from the Board in accordance with the terms of Valero Energy Corporation’s (“Valero”) director retirement policy.
On November 6, 2023, Lawrence M. Schmeltekopf, age 59, and Senior Vice President and Chief Accounting Officer of Valero Energy Corporation (“Valero”), informed Valero that he intends to retire on or about January 2, 2024.
On September 11, 2023, Cheryl L. Thomas, age 62, and Senior Vice President and Chief Technology Officer of Valero Energy Corporation (“Valero”), informed Valero that she intends to retire on or about January 2, 2024.
On July 20, 2023, Valero Energy Corporation (“Valero,” or the “Company”) announced that Gary K. Simmons, Valero’s Executive Vice President and Chief Commercial Officer, was promoted and elected by the Board of Directors of Valero (the “Board”) as Executive Vice President and Chief Operating Officer of Valero, effective July 20, 2023.
Joseph W. Gorder, Valero’s Chief Executive Officer and Chairman of the board of directors of Valero (the “Board”) will retire from his position as Chief Executive Officer and will become Executive Chairman of the Board.
R. Lane Riggs, Valero’s President and Chief Operating Officer will become Chief Executive Officer and President and a member of the Board.
effective May 9, 2023, director Philip J. Pfeiffer retired from the Board in accordance with the terms of Valero’s director retirement policy.
On October 28, 2022, the board of directors (the “Board”) of Valero Energy Corporation (“Valero”) increased its size to 12 members and elected Marie A. Ffolkes as a member of the Board, with an initial term beginning immediately and expiring at Valero’s 2023 annual meeting of stockholders (the “2023 Annual Meeting”).
Max materiality 0.85 · Median 0.62 · Most common event earnings