VALERO ENERGY CORP/TX (VLO) FY2024 Annual P&L / Income Statement

VALERO ENERGY CORP/TX (VLO) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

129,881,000,000 US dollars

Total cost of sales

125,076,000,000 US dollars

Gross profit (calculated)

4,805,000,000 US dollars

Operating expenses (calculated)

1,050,000,000 US dollars

Operating income

3,755,000,000 US dollars

Other income (expense), net (calculated)

negative 57,000,000 US dollars

Income before income tax expense

3,698,000,000 US dollars

Income tax expense

692,000,000 US dollars

Net income

3,006,000,000 US dollars

Ethanol - Distillers Grains

971,000,000 US dollars

Ethanol - Ethanol

2,647,000,000 US dollars

Refining - Other Product Revenues

12,203,000,000 US dollars

Refining - Distillates

55,636,000,000 US dollars

Refining - Gasoline and Blendstocks

56,014,000,000 US dollars

Renewable Diesel - Renewable Diesel

2,316,000,000 US dollars

Renewable Diesel - Renewable Naphtha

94,000,000 US dollars

Other operating expenses

44,000,000 US dollars

General and administrative expenses (excluding depreciation and amortization expense reflected below)

961,000,000 US dollars

Depreciation and amortization expense

45,000,000 US dollars

Asset impairment loss

0 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to VALERO ENERGY CORP/TX: $2.77 B; to noncontrolling interests: $236.00 M.