Valero Energy
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Financial Performance
Revenue
$139.5B
Market Cap
$42.0B
Net Income
$2.3B
Employees
10,600
Valero Energy is functioning as the largest independent petroleum refiner in the world, extracting revenues from its complex and integrated network of 15 refineries positioned across the US, Canada, and UK. Under CEO Lane Riggs, the refining giant generated exactly $144.0 billion in revenue and maintains a $42.0 billion market cap with exactly 10600 employees. The financial narrative in 2026 is entirely defined by crack spread normalization from extraordinary 2022 peaks; absorbing compressed refining margins from global refinery capacity additions, Valero extracts resilient profitability through its low-cost, complex refinery configuration that processes the cheapest available heavy sour crude grades while expanding its lucrative Diamond Green Diesel renewable fuels joint venture.
Revenue Trend Analysis
YoY Change
-5.5%
2-Year CAGR
-7.9%
Peak Year
2023
Trend
Declining Trend
Valero Energy has reported revenue across 3 fiscal years, compounding at -7.9% annually over 2 years. The most recent year saw a 5.5% decline versus the prior year. Revenue peaked in 2023 at $144.8B. Out of 2 reported periods, 0 showed growth and 2 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $122.7B | $2.3B | -5.5% |
| FY2024 | $129.9B | — | -10.3% |
| FY2023 | $144.8B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Valero Energy reported approximately $144.0B in fiscal year 2024 with a team of 10,600 employees worldwide.
Valero Energy strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Oil refining and low-carbon fuels is driven by steady cash generation and pricing power, enabling Valero Energy to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Valero Energy Revenue & Financials." CorpDigest, https://corpdigest.com/company/valero/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Valero Energy reported $123B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/valero/financials" target="_blank" rel="noopener">CorpDigest — Valero Energy financials</a></div>