What is Valero Energy's shares (diluted)?

Valero Energy (VLO) reported shares (diluted) of 298M in Q1 2026.

How has Valero Energy's shares (diluted) changed year-over-year?

Valero Energy's shares (diluted) decreased by 5.1% year-over-year, from 314M to 298M.

What does shares (diluted) mean?

The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.

Earnings Per Share

Shares (Diluted)

Valero Energy Shares (Diluted) decreased by 3.6% to 298M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.1%, from 314M to 298M. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement

SectionEarnings Per Share

CategoryCapital Allocation

SignalLower is better

VolatilityStable

First reportedQ1 2013

Last reportedQ1 2026

How to read this metric

An increase relative to basic shares indicates a higher reliance on equity-based compensation or convertible debt financing.

Detailed definition

Weighted-average shares outstanding (diluted) includes the total number of basic common shares plus all additional share...

Peer comparison

Commonly compared against basic shares to determine the 'dilution overhang' present in a company's capital structure.

Metric ID: is_weighted_shares_diluted

Historical Data

15 periods

	Q2 '21	Q3 '21	Q1 '22	Q2 '22	Q3 '22	Q1 '23	Q2 '23	Q3 '23	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	407M	408M	408M	404M	390M	369M	358M	349M	331M	324M	318M	314M	312M	309M	298M
QoQ Change	—	+0.2%	+0.0%	-1.0%	-3.5%	-5.4%	-3.0%	-2.5%	-5.2%	-2.1%	-1.9%	-1.3%	-0.6%	-1.0%	-3.6%
YoY Change	—	—	—	-0.7%	-4.4%	-9.6%	-11.4%	-10.5%	-10.3%	-9.5%	-8.9%	-5.1%	-3.7%	-2.8%	-5.1%

Range298M – 408M

CAGR-8.5%

Avg YoY Growth-6.8%

Median YoY Growth-7.0%

Current Streak12 quarters decline

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Frequently Asked Questions

What is Valero Energy's shares (diluted)?: Valero Energy (VLO) reported shares (diluted) of 298M in Q1 2026.
How has Valero Energy's shares (diluted) changed year-over-year?: Valero Energy's shares (diluted) decreased by 5.1% year-over-year, from 314M to 298M.
What does shares (diluted) mean?: The total number of shares that would exist if all 'potential' shares, like employee stock options, were converted into real stock.