VALERO ENERGY CORP/TX (VLO) FY2026 YTD Q2 P&L / Income Statement
2026-01-01 to 2026-06-30
Revenue by Business Segment (3 categories)
2026-01-01 to 2026-06-30
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VALERO ENERGY CORP/TX (VLO) FY2026 YTD Q2 P&L / Income Statement
Income statement for 2026-01-01 through 2026-06-30. View: Business segment (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.
- Revenues
- 76,857,000,000 US dollars
- Total cost of sales
- 69,336,000,000 US dollars
- Gross profit (calculated)
- 7,521,000,000 US dollars
- Operating expenses (calculated)
- 594,000,000 US dollars
- Operating income
- 6,927,000,000 US dollars
- Other income (expense), net (calculated)
- negative 37,000,000 US dollars
- Income before income tax expense
- 6,890,000,000 US dollars
- Income tax expense
- 1,495,000,000 US dollars
- Net income
- 5,395,000,000 US dollars
- Refining
- 73,105,000,000 US dollars
- Renewable Diesel
- 1,887,000,000 US dollars
- Ethanol
- 1,865,000,000 US dollars
- Asset impairment loss
- 0 US dollars
- Other operating expenses
- 50,000,000 US dollars
- General and administrative expenses (excluding depreciation and amortization expense reflected below)
- 518,000,000 US dollars
- Depreciation and amortization expense
- 26,000,000 US dollars
- Refining costs (calculated)
- 66,833,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- Renewable Diesel costs (calculated)
- 3,240,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- Ethanol costs (calculated)
- 2,070,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- Reconciling items (calculated)
- negative 2,213,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
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- 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: $4.98 B; to noncontrolling interests: $412.00 M.

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Gross margin
9.8%
Gross profit / revenue
Operating margin
9.0%
Operating profit / revenue
Cash conversion
129.2%
Operating cash / net income, same period
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