Valero Energy Corp

Company facts

Industry

Petroleum Refining

Headquarters

San Antonio, Texas

Most recent report

8-K, filed Oct 30, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1035002

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 2 positive, 8 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Financial statements with major buyback, segment swing, and pending fire litigation demand attention.
  Positive

  • Board authorized $10B buyback on Oct 27, after quarter end, on top of $6.2B spent in nine months.
  Notable

  • Benicia refinery closure still costing: $133M incremental depreciation in nine months, $189M ARO settled.
  • LIFO inventory reserve ballooned to $11.9B above cost vs $2.6B at year-end 2025, reflecting higher prices.
  • Issued $850M 5.15% notes due 2036 in March; used to repay $526M of maturing debt.
  • Port Arthur fire in March 2026: $99M insurance receivable booked, but lawsuits and regulatory citations pending.

• Management's Discussion (Item 2)

  Massive profit surge, Benicia refinery closure, Port Arthur fire, $10B buyback authorization.
  Positive

  • Board authorized $10.0B in new buybacks on Oct 27, 2026, adding to $3.0B remaining.
  Notable

  • Benicia refinery idled by end of April 2026; $1.1B impairment taken in 2025.
  • Port Arthur Refinery fire in March 2026 caused full shutdown; $250M in expected capital costs.
  • Ethanol segment recognized $211M in clean fuel production credits in first nine months of 2026.
  • $5.4B of cash held by foreign subsidiaries as of Sep 30, 2026; repatriation has tax costs.

What changed: Sep 2026 vs. Jun 2026

About 3% of VLO's Sep 2026 10-Q is new information. 10 paragraphs were added, 190 changed, and 20 removed. Below are the most important lines SECSift identified.

• Item 2 103
• Item 1 43
• Item 3 1
• Item 4 1
• Item 5 1
• Item 6 1