Valero Energy VLO Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Ethanol | $4.98B+10.9% | $4.49B-19.3% | $5.56B+1.3% | $5.49B-1.8% | |
| Refining | $116.17B-6.2% | $123.86B-9.3% | $136.49B-18.9% | $168.21B+57.3% | |
| Renewable Diesel | $4.6B-9.3% | $5.07B-27.5% | $6.99B+27.1% | $5.5B+135% | |
| Operating Income (Loss) by Business | |||||
| Ethanol | $374M+29.9% | $288M-47.9% | $553M+403% | $110M-76.7% | |
| Refining | $4.04B+1.7% | $3.97B-65.5% | $11.51B-27.2% | $15.8B+749% | |
| Cost of Revenue by Business | |||||
| Ethanol | $4.6B+10.4% | $4.17B-16.4% | $4.99B-6.1% | $5.31B+3.9% | |
| Refining | $110.98B-7.4% | $119.88B-4.1% | $124.96B-18.0% | $152.34B+45.1% | |
| Renewable Diesel | $4.75B+4.3% | $4.56B-25.7% | $6.14B+29.9% | $4.73B+190% | |
| Segment assets by Business | |||||
| Ethanol | $6.11B+1.1% | $6.04B-2.2% | $6.18B-6.2% | $6.59B-4.8% | |
| Refining | $181.49B-5.6% | $192.22B0.0% | $192.31B-4.0% | $200.26B+7.8% | |
| Renewable Diesel | $21.6B-7.0% | $23.23B+4.4% | $22.26B+26.1% | $17.64B+73.2% | |
| Other operating expenses by Business | |||||
| Ethanol | $0-100% | $27M+68.8% | $16M+433% | $3M+200% | |
| Refining | $15M-11.8% | $17M0.0% | $17M-73.0% | $63M-24.1% | |
| Renewable Diesel | $0— | $0— | $0— | $0-100% | |
| Cost of materials and other by Business | |||||
| Ethanol | $3.91B+10.0% | $3.56B-19.0% | $4.4B-5.0% | $4.63B+4.5% | |
| Refining | $94.58B-11.3% | $106.64B-4.5% | $111.68B-22.8% | $144.59B+47.9% | |
| Renewable Diesel | $4.18B+5.9% | $3.94B-28.9% | $5.55B+27.6% | $4.35B+203% | |
| Operating expenses (excluding depreciation and amortization expense reflected below) by Business | |||||
| Ethanol | $611M+14.0% | $536M+4.1% | $515M-17.6% | $625M+12.4% | |
| Refining | $5.43B+9.7% | $4.95B-5.0% | $5.21B-5.5% | $5.51B+8.3% | |
| Renewable Diesel | $308M-12.0% | $350M-2.2% | $358M+40.4% | $255M+90.3% | |
| Depreciation and amortization expense by Business | |||||
| Ethanol | $79M+2.6% | $77M-3.8% | $80M+35.6% | $59M-55.0% | |
| Refining | $2.75B+15.2% | $2.39B+1.7% | $2.35B+4.6% | $2.25B+3.6% | |
| Renewable Diesel | $267M+0.8% | $265M+14.7% | $231M+89.3% | $122M+110% | |
| Clean fuel production credit by Business | |||||
| Renewable Diesel | $607M— | —— | —— | —— | |
| Revenue by Product | |||||
| Distillates | $55.08B-1.0% | $55.64B-12.6% | $63.66B-22.9% | $82.52B+79.6% | |
| Distillers Grains | $847M-12.8% | $971M-17.2% | $1.17B+7.3% | $1.09B+5.7% | |
| Gasoline and Blendstocks | $50.92B-9.1% | $56.01B-9.0% | $61.54B-12.7% | $70.5B+42.3% | |
| Neat SAF | $297M— | $0— | $0— | —— | |
| Other Product Revenues | $10.16B-16.7% | $12.2B+8.3% | $11.27B-25.6% | $15.14B— | |
| Renewable Naphtha | $138M+46.8% | $94M-40.5% | $158M+5.3% | $150M— | |
| Revenue (Gross) by Product | |||||
| Ethanol Product | $3.17B+19.9% | $2.65B-19.8% | $3.3B-9.7% | $3.65B-11.4% | |
| Renewable Diesel Product | $2.07B-10.5% | $2.32B-36.8% | $3.67B+10.0% | $3.33B+77.9% | |
| Revenue by Geography | |||||
| Mexico and Peru | $5.17B-4.4% | $5.41B-16.0% | $6.44B-23.3% | $8.4B+118% | |
| Other Countries | $5.73B-22.0% | $7.35B-6.5% | $7.87B-32.8% | $11.7B+60.8% | |
| U.K. and Ireland | $15.83B+3.9% | $15.24B-5.6% | $16.15B-9.4% | $17.82B+33.9% |
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.
