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Operating Expenses

Purchased power and fuel

Valero Energy Purchased power and fuel increased by 36.0% to $26.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $26.05B to $26.19B. Over 4 years (FY 2021 to FY 2025), Purchased power and fuel shows relatively stable performance with a -0.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026

How to read this metric

A decrease relative to revenue indicates improved cost efficiency or favorable feedstock pricing, while an increase may signal rising commodity costs or supply chain inflation.

Detailed definition

This metric captures the direct costs associated with the procurement of raw materials, such as crude oil and feedstocks...

Peer comparison

Commonly referred to as Cost of Materials or Feedstock Costs in the energy and manufacturing sectors.

Metric ID: operating_expenses_cost_direct_material

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$25.25B$26.62B$31.85B$34.95B$42.95B$38.06B$34.81B$30.01B$29.43B$32.39B$25.55B$27.68B$30.94B$29.97B$22.03B$26.05B$26.33B$27.96B$19.26B$26.19B
QoQ Change+5.4%+19.6%+9.7%+22.9%-11.4%-8.5%-13.8%-1.9%+10.0%-21.1%+8.4%+11.8%-3.2%-26.5%+18.3%+1.1%+6.2%-31.1%+36.0%
YoY Change+70.1%+43.0%+9.3%-14.1%-31.5%-14.9%-26.6%-7.7%+5.1%-7.5%-13.8%-5.9%-14.9%-6.7%-12.6%+0.5%
Range$19.26B$42.95B
CAGR+0.8%
Avg YoY Growth-1.8%
Median YoY Growth-7.6%

Product Breakdown

View all
SegmentQ4 '23Q2 '24Q3 '24Q4 '24Q1 '25
Renewable and Low-Carbon Fuel Programs$100M$173M$156M$195M$332M
Total$25.55B$30.94B$29.97B$22.03B$26.05B

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Refining$30B$28.92B$21.11B$24.77B$25.04B$26.68B$18.09B$25.18B
Renewable Diesel$930M$1.03B$919M$895M$1.04B$1.08B$1.16B$1.11B
Ethanol$874M$842M$933M$1.03B$988M$942M$951M$894M
Total$30.94B$29.97B$22.03B$26.05B$26.33B$27.96B$19.26B$26.19B

Purchased power and fuel at Other Companies

Frequently Asked Questions

What is Valero Energy's purchased power and fuel?
Valero Energy (VLO) reported purchased power and fuel of $26.19B in Q1 2026.
How has Valero Energy's purchased power and fuel changed year-over-year?
Valero Energy's purchased power and fuel increased by 0.5% year-over-year, from $26.05B to $26.19B.
What is the long-term trend for Valero Energy's purchased power and fuel?
Over 4 years (2021 to 2025), Valero Energy's purchased power and fuel has grown at a -0.8% compound annual growth rate (CAGR), from $102.71B to $99.6B.
What does purchased power and fuel mean?
The total cost spent on raw materials and fuel needed to produce the company's goods.