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

- Company: VALERO ENERGY CORP/TX (VLO)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-26, accession number 0001035002-25-000005
- Page: https://plicit.ai/financials/vlo/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/vlo-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/vlo/fy2024-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/vlo-fy2024-annual-revenue-by-geography-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography. 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
- **UNITED STATES**: 93,311,000,000 US dollars
- **CANADA**: 8,577,000,000 US dollars
- **U.K. and Ireland**: 15,236,000,000 US dollars
- **Mexico and Peru**: 5,405,000,000 US dollars
- **Other Countries**: 7,352,000,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vlo/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vlo-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. 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
- **Refining**: 123,853,000,000 US dollars
- **Renewable Diesel**: 2,410,000,000 US dollars
- **Ethanol**: 3,618,000,000 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.