Refining — Operating Income (Loss)
Valero Energy Refining — Operating Income (Loss) increased by 6.6% to $1.81B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 440.8%, from -$530.00M to $1.81B. Over 4 years (FY 2021 to FY 2025), Refining — Operating Income (Loss) shows an upward trend with a 21.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher values indicate strong refining margins and operational efficiency, while lower values or losses suggest weak market conditions or operational challenges.
Detailed definition
This metric represents the profit or loss generated by the refining segment after deducting all operating expenses, incl...
Peer comparison
Standard segment-level profitability metric reported by all diversified energy companies.
vlo_segment_refining_operating_income_lossHistorical Data
| 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 | $349.00M | $835.00M | $1.27B | $1.45B | $6.21B | $3.81B | $4.33B | $4.06B | $2.43B | $3.45B | $1.58B | $1.75B | $1.22B | $565.00M | $437.00M | -$530.00M | $1.27B | $1.61B | $1.69B | $1.81B |
| QoQ Change | — | +139.3% | +52.1% | +14.3% | +328.1% | -38.7% | +13.6% | -6.3% | -40.1% | +41.7% | -54.2% | +10.7% | -29.9% | -53.8% | -22.7% | -221.3% | +338.9% | +27.2% | +5.2% | +6.6% |
| YoY Change | — | — | — | — | >999% | +356.3% | +240.9% | +179.6% | -60.8% | -9.6% | -63.6% | -57.0% | -49.7% | -83.6% | -72.3% | -130.4% | +3.4% | +185.0% | +287.6% | +440.8% |
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Frequently Asked Questions
- What is Valero Energy's refining — operating income (loss)?
- Valero Energy (VLO) reported refining — operating income (loss) of $1.81B in Q1 2026.
- How has Valero Energy's refining — operating income (loss) changed year-over-year?
- Valero Energy's refining — operating income (loss) increased by 440.8% year-over-year, from -$530.00M to $1.81B.
- What is the long-term trend for Valero Energy's refining — operating income (loss)?
- Over 4 years (2021 to 2025), Valero Energy's refining — operating income (loss) has grown at a 21.4% compound annual growth rate (CAGR), from $1.86B to $4.04B.
- What does refining — operating income (loss) mean?
- The profit or loss generated specifically by the refining business operations.