# VALERO ENERGY CORP/TX (VLO) FY2025 Q1 P&L / Income Statement

- Company: VALERO ENERGY CORP/TX (VLO)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-04-24, accession number 0001035002-25-000017
- Page: https://plicit.ai/financials/vlo/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/vlo-fy2025-q1-income-statement-sankey.png

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

Income statement for 2025-01-01 through 2025-03-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 30,258,000,000 US dollars
- **Total cost of sales**: 29,751,000,000 US dollars
- **Gross profit (calculated)**: 507,000,000 US dollars
- **Operating expenses (calculated)**: 1,407,000,000 US dollars
- **Operating income (loss)**: negative 900,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 17,000,000 US dollars
- **Income (loss) before income tax expense (benefit)**: negative 917,000,000 US dollars
- **Income tax expense (benefit)**: negative 265,000,000 US dollars
- **Net income (loss)**: negative 652,000,000 US dollars
- **Ethanol - Distillers Grains**: 221,000,000 US dollars
- **Ethanol - Ethanol**: 787,000,000 US dollars
- **Refining - Other Product Revenues**: 3,007,000,000 US dollars
- **Refining - Distillates**: 13,376,000,000 US dollars
- **Refining - Gasoline and Blendstocks**: 12,374,000,000 US dollars
- **Renewable Diesel - Neat SAF**: 63,000,000 US dollars
- **Renewable Diesel - Renewable Diesel**: 391,000,000 US dollars
- **Renewable Diesel - Renewable Naphtha**: 39,000,000 US dollars
- **Other operating expenses**: 4,000,000 US dollars
- **General and administrative expenses (excluding depreciation and amortization expense reflected below)**: 261,000,000 US dollars
- **Depreciation and amortization expense**: 11,000,000 US dollars
- **Asset impairment loss**: 1,131,000,000 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: −$595.00 M; to noncontrolling interests: −$57.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vlo/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vlo-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 30,258,000,000 US dollars
- **Total cost of sales**: 29,751,000,000 US dollars
- **Gross profit (calculated)**: 507,000,000 US dollars
- **Operating expenses (calculated)**: 1,407,000,000 US dollars
- **Operating income (loss)**: negative 900,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 17,000,000 US dollars
- **Income (loss) before income tax expense (benefit)**: negative 917,000,000 US dollars
- **Income tax expense (benefit)**: negative 265,000,000 US dollars
- **Net income (loss)**: negative 652,000,000 US dollars
- **Refining**: 28,757,000,000 US dollars
- **Renewable Diesel**: 493,000,000 US dollars
- **Ethanol**: 1,008,000,000 US dollars
- **Other operating expenses**: 4,000,000 US dollars
- **General and administrative expenses (excluding depreciation and amortization expense reflected below)**: 261,000,000 US dollars
- **Depreciation and amortization expense**: 11,000,000 US dollars
- **Asset impairment loss**: 1,131,000,000 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: −$595.00 M; to noncontrolling interests: −$57.00 M.