Valero Energy VLO Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Ethanol | $1.17B-4.7% | $1.25B+12.5% | $1.29B+12.8% | $1.21B+7.5% | $1.23B+11.0% | |
| Refining | $30.81B+7.1% | $28.67B-2.3% | $30.42B-2.9% | $28.33B-14.3% | $28.76B-4.6% | |
| Renewable Diesel | $1.41B+57.1% | $1.4B+12.0% | $1.2B-1.8% | $1.1B-7.3% | $900M-36.2% | |
| Revenue by Product | ||||||
| Distillates | $15.46B+15.6% | $14.34B+7.4% | $14.58B+5.2% | $12.78B-10.7% | $13.38B-5.3% | |
| Distillers Grains | $189M-14.5% | $194M-18.5% | $212M-6.6% | $220M-4.3% | $221M-19.9% | |
| Gasoline and Blendstocks | $12.43B+0.5% | $12.54B-3.7% | $13.29B-7.5% | $12.72B-18.0% | $12.37B-5.7% | |
| Neat SAF | $108M+71.4% | $118M— | $67M— | $49M— | $63M— | |
| Other Product Revenues | $2.91B-3.1% | $1.79B-39.9% | $2.55B-18.3% | $2.83B-12.4% | $3.01B+4.1% | |
| Renewable Naphtha | $37M-5.1% | $24M-31.4% | $29M+31.8% | $46M+229% | $39M+69.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Valero Energy break its business down?
- Valero Energy (VLO) reports revenue by business across 3 parts — Ethanol, Refining and Renewable Diesel. Each is extracted from the segment footnotes and tracked over time.
- Where does Valero Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Valero Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
