Business Segments · Cost of materials and other
Refining — Cost of materials and other
Valero Energy Refining — Cost of materials and other increased by 39.2% to $25.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.2%, from $26.27B to $25.18B. Over 4 years (FY 2021 to FY 2025), Refining — Cost of materials and other shows relatively stable performance with a -0.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2026
How to read this metric
Lower costs relative to revenue indicate improved refining margins and better operational efficiency.
Detailed definition
The primary variable costs associated with the refining process, consisting mainly of crude oil feedstock and other raw...
Peer comparison
Directly comparable to 'Cost of Goods Sold' (COGS) for other refiners and energy processors.
Metric ID:
vlo_segment_refining_cost_of_materials_and_otherHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $24.00B | $25.40B | $30.34B | $33.61B | $41.31B | $36.39B | $33.28B | $28.51B | $27.77B | $31.12B | $30.00B | $26.61B | $30.00B | $28.92B | $27.01B | $26.27B | $25.04B | $26.68B | $18.09B | $25.18B |
| QoQ Change | — | +5.8% | +19.5% | +10.8% | +22.9% | -11.9% | -8.5% | -14.3% | -2.6% | +12.0% | -3.6% | -11.3% | +12.7% | -3.6% | -6.6% | -2.7% | -4.7% | +6.6% | -32.2% | +39.2% |
| YoY Change | — | — | — | — | +72.1% | +43.3% | +9.7% | -15.2% | -32.8% | -14.5% | -9.8% | -6.7% | +8.0% | -7.0% | -10.0% | -1.3% | -16.5% | -7.7% | -33.0% | -4.2% |
Range$18.09B – $41.31B
CAGR+1.0%
Avg YoY Growth-1.6%
Median YoY Growth-7.4%
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Frequently Asked Questions
- What is Valero Energy's refining — cost of materials and other?
- Valero Energy (VLO) reported refining — cost of materials and other of $25.18B in Q1 2026.
- How has Valero Energy's refining — cost of materials and other changed year-over-year?
- Valero Energy's refining — cost of materials and other decreased by 4.2% year-over-year, from $26.27B to $25.18B.
- What is the long-term trend for Valero Energy's refining — cost of materials and other?
- Over 4 years (2021 to 2025), Valero Energy's refining — cost of materials and other has grown at a -0.4% compound annual growth rate (CAGR), from $97.76B to $96.08B.
- What does refining — cost of materials and other mean?
- The cost of raw materials, primarily crude oil, used to produce refined products.