VALERO ENERGY CORP/TX shareholders approved Ratify the appointment of KPMG LLP to serve as Valero’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-07 meeting.
“Proposal 3: Ratify the appointment of KPMG LLP to serve as Valero’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The proposal was approved as follows: Proposal 3 shares voted required vote * vote received for 260,740,157 >50.0 % 96.54 % against 8,874,264 abstain 465,984 broker non-votes n/a”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Advisory vote to approve the 2025 compensation of Valero’s named executive officers at the 2026-05-07 meeting.
“Proposal 2: Advisory vote to approve the 2025 compensation of Valero’s named executive officers, as described in the Proxy Statement. The proposal was approved as follows: Proposal 2 shares voted required vote * vote received for 219,278,133 >50.0 % 92.23 % against 17,564,158 abstain 887,240 broker non-votes 32,350,874”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Election of directors at the 2026-05-07 meeting.
“Proposal 1: Election of directors. The election of each director nominee to serve until Valero’s 2027 annual meeting of stockholders was approved as follows: Fred M. Diaz shares voted required vote * vote received for 235,395,943 >50.0 % 99.17 % against 1,968,115 abstain 365,473 broker non-votes 32,350,874 H. Paulett Eberhart shares voted required vote * vote received for 227,805,828 >50.0 % 95.96 % against 9,568,953 abstain 354,750 broker non-votes 32,350,874 Marie A. Ffolkes shares voted required vote * vote received for 235,148,172 >50.0 % 99.05 % against 2,237,440 abstain 343,919 broker non-votes 32,350,874 Kimberly S. Greene shares voted required vote * vote received for 232,851,492 >50.0 % 98.15 % against 4,387,039 abstain 491,000 broker non-votes 32,350,874 2 Deborah P. Majoras shares voted required vote * vote received for 224,554,250 >50.0 % 94.59 % against 12,826,398 abstain 348,883 broker non-votes 32,350,874 Eric D. Mullins shares voted required vote * vote received for 235”
Eric A. Fisher departed as Senior Vice President Product Supply, Trading and Wholesale at VALERO ENERGY CORP/TX.
“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.”
Earnings Releases
VALERO ENERGY CORP/TX reported the first quarter of 2026 results: net income $1.3 billion, or $4.22 per share, EPS $4.22 per share.
“reported net income attributable to Valero stockholders of $1.3 billion, or $4.22 per share, for the first quarter of 2026”
Material Agreements
VALERO ENERGY CORP/TX entered into Underwriting Agreement with SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters valued at $850,000,000 aggregate principal amount of its 5.150% Senior Notes due 2036 (effective 2026-03-05).
“On March 5, 2026, Valero Energy Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, relating to the issuance and sale of $850,000,000 aggregate principal amount of its 5.150% Senior Notes due 2036 (the “Notes”).”
Debt Financings
VALERO ENERGY CORP/TX amended revolving credit of $4,000,000,000 with JPMorgan Chase Bank, N.A. as Administrative Agent at Term SOFR Rate plus 0.9% to 1.5% per annum, or Alternate Base Rate plus 0.0% to maturing October 16, 2030.
“Administrative Agent and the other financial institutions party thereto. The Credit Facility provides for a revolving credit facility in an aggregate principal amount of up to $4,000,000,000 with a letter of credit subfacility of up to $2,400,000,000. Revolving commitments under the Credit Facility may be increased by up to $1,500,000,000 for a total revolving”
Robert A. Profusek retired as Director at VALERO ENERGY CORP/TX.
“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.”
R. Lane Riggs was elected as Chairman of the Board at VALERO ENERGY CORP/TX.
“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.”
Joseph W. Gorder retired as Executive Chairman at VALERO ENERGY CORP/TX.
“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”).”
Donald L. Nickles retired as Director at VALERO ENERGY CORP/TX.
“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.”
Earnings Releases
VALERO ENERGY CORP/TX reported first quarter of 2024 results: net income $1.3 billion, EPS $3.82 per share.
“reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share”
Earnings Releases
VALERO ENERGY CORP/TX reported first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $3.75 per share.
“Valero Energy Corporation (the "Company") issued a press release announcing the Company’s financial and operating results for the first quarter ended March 31, 2024.”
Earnings Releases
VALERO ENERGY CORP/TX reported the year ended December 31, 2023 results: net income $8.8 billion, or $24.92 per share.
“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.”
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.
“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.”
Lawrence M. Schmeltekopf retired as Senior Vice President and Chief Accounting Officer at VALERO ENERGY CORP/TX.
“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.”
Cheryl L. Thomas departed as Senior Vice President and Chief Technology Officer at VALERO ENERGY CORP/TX.
“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.”
Earnings Releases
VALERO ENERGY CORP/TX reported the second quarter of 2023 results: net income $1.9 billion, EPS $5.40 per share.
“Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.9 billion, or $5.40 per share, for the second quarter of 2023”
Gary K. Simmons changed role as Executive Vice President and Chief Operating Officer at VALERO ENERGY CORP/TX.
“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.”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders rejected Stockholder proposal to oversee and issue an additional racial equity audit and report at the 2023-05-09 meeting.
“Proposal 6 shares voted required vote * vote received for 33,602,449 >50.0 % 11.70 % against 249,671,086 abstain 3,781,605 broker non-votes 37,821,962”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders rejected Stockholder proposal to set different GHG emissions reductions targets (Scopes 1, 2, and 3) at the 2023-05-09 meeting.
“Proposal 5 shares voted required vote * vote received for 91,375,914 >50.0 % 31.83 % against 184,973,456 abstain 10,705,770 broker non-votes 37,821,962”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Advisory vote to recommend the frequency of stockholder advisory votes on executive compensation at the 2023-05-09 meeting.
“Proposal 4 shares voted required vote * vote received every year 279,843,352 n/a 97.48 % every two years 702,930 0.24 % every three years 5,578,423 1.94 % abstain 930,435 0.32 % broker non-votes 37,821,962”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Advisory vote to ratify the 2022 compensation of the named executive officers listed in the proxy statement at the 2023-05-09 meeting.
“Proposal 3 shares voted required vote * vote received for 270,293,198 >50.0 % 94.16 % against 15,262,342 abstain 1,499,600 broker non-votes 37,821,962”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Ratify the appointment of KPMG LLP to serve as Valero’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-09 meeting.
“Proposal 2 shares voted required vote * vote received for 320,546,515 >50.0 % 98.66 % against 3,491,121 abstain 839,466 broker non-votes n/a”
Shareholder Votes
VALERO ENERGY CORP/TX shareholders approved Election of directors at the 2023-05-09 meeting.
“Fred M. Diaz shares voted required vote * vote received for 268,864,175 >50.0 % 93.91 % against 17,414,897 abstain 776,068 broker non-votes 37,821,962”
Philip J. Pfeiffer retired as Director at VALERO ENERGY CORP/TX.
“effective May 9, 2023, director Philip J. Pfeiffer retired from the Board in accordance with the terms of Valero’s director retirement policy.”
R. Lane Riggs changed role as Chief Executive Officer and President at VALERO ENERGY CORP/TX.
“R. Lane Riggs, Valero’s President and Chief Operating Officer will become Chief Executive Officer and President and a member of the Board.”
Joseph W. Gorder changed role as Executive Chairman at VALERO ENERGY CORP/TX.
“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.”
Earnings Releases
VALERO ENERGY CORP/TX reported the first quarter of 2023 results: net income net income attributable to Valero stockholders of $3.1 billion, EPS $8.29 per share.
“Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $3.1 billion, or $8.29 per share, for the first quarter of 2023”
Earnings Releases
VALERO ENERGY CORP/TX reported the fiscal year ended December 31, 2022 results: net income $11.5 billion, EPS $29.04 per share.
“For 2022, net income attributable to Valero stockholders was $11.5 billion, or $29.04 per share, compared to $930 million, or $2.27 per share, in 2021.”
Earnings Releases
VALERO ENERGY CORP/TX reported the fourth quarter ended December 31, 2022 results: net income $3.1 billion, EPS $8.15 per share.
“Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $3.1 billion, or $8.15 per share, for the fourth quarter of 2022, compared to $1.0 billion, or $2.46 per share, for the fourth quarter of 2021.”
Debt Financings
VALERO ENERGY CORP/TX amended revolving credit of up to $4,000,000,000 with JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto at Adjusted Term SOFR Rate plus a margin ranging from 0.9% to 1.45% per annum, or A maturing November 22, 2027.
“Bank, N.A. as Administrative Agent and the several lenders party thereto. The Credit Facility provides for a revolving credit facility in an aggregate principal amount of up to $4,000,000,000 with a letter of credit subfacility of up to $2,400,000,000. Revolving commitments under the Credit Facility may be increased by up to $1,500,000,000 for a total revolving”
Material Agreements
VALERO ENERGY CORP/TX amended Credit Facility with JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto valued at $4,000,000,000 (effective 2022-11-22).
“On November 22, 2022, Valero Energy Corporation (the “Company”) amended and restated its existing revolving credit agreement dated as of March 19, 2019 to, among other things, extend the maturity from March 19, 2024 to November 22, 2027.”
Marie A. Ffolkes was elected as Director at VALERO ENERGY CORP/TX.
“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”).”
Stephen M. Waters retired as Director at VALERO ENERGY CORP/TX.
“As previously announced, effective April 28, 2022, director Stephen M. Waters retired from Valero Energy Corporation’s (“Valero”) board of directors in accordance with the terms of Valero’s director retirement policy.”
Fred M. Diaz was elected as Director at VALERO ENERGY CORP/TX.
“On September 16, 2021, the board of directors (the “Board”) of Valero Energy Corporation (“Valero”) increased its size to 12 members and elected Fred M. Diaz as a member of the Board”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.