Valero Energy VLO Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Ethanol | $1.17B-6.9% | $1.25B-3.2% | $1.29B+7.4% | $1.21B-1.6% | $1.23B+10.0% | |
| Refining | $30.81B+7.5% | $28.67B-5.8% | $30.42B+7.4% | $28.33B-1.5% | $28.76B-2.0% | |
| Renewable Diesel | $1.41B+1.3% | $1.4B+16.0% | $1.2B+9.6% | $1.1B+22.0% | $900M-27.8% | |
| Revenue by Product | ||||||
| Distillates | $15.46B+7.8% | $14.34B-1.7% | $14.58B+14.1% | $12.78B-4.5% | $13.38B+0.2% | |
| Distillers Grains | $189M-2.6% | $194M-8.5% | $212M-3.6% | $220M-0.5% | $221M-7.1% | |
| Gasoline and Blendstocks | $12.43B-0.8% | $12.54B-5.7% | $13.29B+4.4% | $12.72B+2.8% | $12.37B-4.9% | |
| Neat SAF | $108M-8.5% | $118M+76.1% | $67M+36.7% | $49M-22.2% | $63M— | |
| Other Product Revenues | $2.91B+63.0% | $1.79B-29.8% | $2.55B-9.9% | $2.83B-6.1% | $3.01B+1.1% | |
| Renewable Naphtha | $37M+54.2% | $24M-17.2% | $29M-37.0% | $46M+17.9% | $39M+11.4% |
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.
