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Valero Energy VLO Refining — Segment assets

Other segment segments

Renewable Diesel
$6.27B+16.1%
Ethanol
$1.48B-1.1%

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Other financials

Income statement

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Revenue$44.5B+48.8%
Gross profit$5.5B+338%
Operating income$5.2B+421%
Net income$3.7B+421%
EPS (diluted)$12.62+454%

Balance sheet

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Cash & equivalents$7.9B+73.6%
Total debt$11.3B+6.6%
Total equity$25.0B+3.8%
Total assets$64.7B+8.8%

Cash flow

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Operating cash flow$5.6B+496%
CapEx$409.0M-4.7%
Free cash flow$1.5B+70.0%

Valuation

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Market cap$90.09B+115%
Enterprise value$93.57B+94.7%
P/E12.5×-42.4×
P/S0.7×+0.3×

Profitability

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Gross margin8%+5.5pp
Operating margin7.2%+6.4pp
Net margin5.2%+4.6pp
FCF margin3.5%

Returns & leverage

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Return on equity29.4%+26.3pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Valero Energy in its filing.

Tagged under the XBRL concept us-gaap:Assets.

The source filing: Valero Energy’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050937
Six months ended June 30, 2026RefiningRenewable DieselEthanolTotal
Unallocated amounts:
Other corporate expenses (b)(552)
Other income, net248
Interest and debt expense, net of capitalizedinterest(285)
Income before income tax expense$6,890
Other segment disclosures
Segment assets$47,772$6,270$1,480$55,522
Expenditures for long-lived assets (c)7224018780

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's refining — segment assets?
Valero Energy (VLO) reported refining — segment assets of $47.77B in Q2 2026.
How has Valero Energy's refining — segment assets changed year-over-year?
Valero Energy's refining — segment assets increased by 3.4% year-over-year, from $46.22B to $47.77B.
What is the long-term trend for Valero Energy's refining — segment assets?
Over 4 years (2021 to 2025), Valero Energy's refining — segment assets has grown at a -0.6% compound annual growth rate (CAGR), from $185.83B to $181.49B.
What does refining — segment assets mean?
This metric represents the total book value of assets specifically identified with the refining segment, including property, plant, equipment, and working capital. It provides a measure of the capital base utilized to generate the segment's revenue and income. Investors use this to calculate return on assets and assess the scale of the refining footprint.

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