Question 1

What is Valero Energy's refining — cost of revenue?

Accepted Answer

Valero Energy (VLO) reported refining — cost of revenue of $37.81B in Q2 2026.

Question 2

How has Valero Energy's refining — cost of revenue changed year-over-year?

Accepted Answer

Valero Energy's refining — cost of revenue increased by 39.8% year-over-year, from $27.06B to $37.81B.

Question 3

What is the long-term trend for Valero Energy's refining — cost of revenue?

Accepted Answer

Over 4 years (2021 to 2025), Valero Energy's refining — cost of revenue has grown at a 1.4% compound annual growth rate (CAGR), from $105.02B to $110.98B.

Question 4

What does refining — cost of revenue mean?

Accepted Answer

This metric represents the direct costs attributable to the production of refined petroleum products, primarily consisting of crude oil feedstock and other raw material inputs. It is the primary variable cost component for the refining segment and is highly sensitive to global commodity price fluctuations. Analyzing this metric provides insight into the segment's gross margin performance and input cost management.

Three months ended June 30, 2026	Refining	Renewable Diesel	Ethanol	Total
Taxes other than income taxes	1,648	—	—
Operating expenses (excluding depreciation and amortization expense reflected below)	1,263	91	152
Depreciation and amortization expense	635	71	19
Total cost of sales	37,814	1,965	993
Other operating expenses	18	—	—
Operating income by segment	$4,470	$717	$318	$5,505
Reconciliation of operating income by segmentto income before income tax expense
Elimination of intersegment profits				(54)

Other segment segments

Similar metrics at other companies

Other financials

Income statement

Balance sheet

Cash flow

Valuation

Profitability

Returns & leverage

Where this comes from

FAQ

Ask your AI about Valero Energy's refining — cost of revenue.

Valero Energy VLO Refining — Cost of Revenue