VALERO ENERGY CORP/TX (VLO) FY2025 Annual P&L / Income Statement

VALERO ENERGY CORP/TX (VLO) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Business segment (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

122,687,000,000 US dollars

Total cost of sales

117,255,000,000 US dollars

Gross profit (calculated)

5,432,000,000 US dollars

Operating expenses (calculated)

2,251,000,000 US dollars

Operating income

3,181,000,000 US dollars

Other income (expense), net (calculated)

negative 176,000,000 US dollars

Income before income tax expense

3,005,000,000 US dollars

Income tax expense

759,000,000 US dollars

Net income

2,246,000,000 US dollars

Refining

116,158,000,000 US dollars

Renewable Diesel

2,508,000,000 US dollars

Ethanol

4,021,000,000 US dollars

Asset impairment loss

1,131,000,000 US dollars

Other operating expenses

15,000,000 US dollars

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

1,042,000,000 US dollars

Depreciation and amortization expense

63,000,000 US dollars

Refining costs (calculated)

112,126,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Renewable Diesel costs (calculated)

4,753,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Ethanol costs (calculated)

4,603,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

negative 1,976,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

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: $2.35 B; to noncontrolling interests: −$102.00 M.