CapEx
Valero Energy CapEx increased by 0.5% to $409.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.7%, from $429.00M to $409.00M.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_capital_expendituresHistorical Data
| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|
| Value | $661.00M | $420.00M | $429.00M | $659.00M | $407.00M | $409.00M |
| QoQ Change | — | -36.5% | +2.1% | +53.6% | -38.2% | +0.5% |
| YoY Change | — | — | — | -0.3% | -3.1% | -4.7% |
Business Segments
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Refining | $372.00M | $561.00M | $286.00M | $344.00M | $444.00M | $533.00M | $374.00M | $324.00M |
| Renewable Diesel | $73.50M | $78.00M | $115.00M | $67.00M | $61.00M | $95.00M | $14.00M | $49.00M |
| Ethanol | $10.75M | $6.00M | $11.00M | $9.00M | $8.00M | $8.00M | $10.00M | $12.00M |
| Total | — | $661.00M | $420.00M | $429.00M | — | $659.00M | $407.00M | $409.00M |
Ethanol, Refining, Renewable Diesel were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Valero Energy's capex?
- Valero Energy (VLO) reported capex of $409.00M in Q3 2025.
- How has Valero Energy's capex changed year-over-year?
- Valero Energy's capex decreased by 4.7% year-over-year, from $429.00M to $409.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.