Valero Energy Q1 2024 10-Q Filed
Ticker: VLO · Form: 10-Q · Filed: 2024-04-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, excise-tax
TL;DR
Valero Energy Q1 10-Q is in. Foreign excise taxes were $1.39B vs $1.42B.
AI Summary
Valero Energy Corp/TX filed its 10-Q for the period ending March 31, 2024. The filing includes excise taxes on sales by certain foreign operations, amounting to $1,387 million for Q1 2024 and $1,422 million for Q1 2023. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing provides key financial data for Valero Energy, including details on excise taxes, which can impact profitability and operational costs for the company's international segments.
Risk Assessment
Risk Level: low — This is a routine quarterly filing (10-Q) that provides financial updates and does not indicate any immediate or significant new risks.
Key Numbers
- $1,387 million — Foreign Excise Taxes (Q1 2024)
- $1,422 million — Foreign Excise Taxes (Q1 2023)
Key Players & Entities
- VALERO ENERGY CORP/TX (company) — Filer
- 20240331 (date) — Reporting Period End Date
- $1,387 million (dollar_amount) — Excise taxes for Q1 2024
- $1,422 million (dollar_amount) — Excise taxes for Q1 2023
FAQ
What is the total revenue reported for the first quarter of 2024?
The provided text does not contain the total revenue for the first quarter of 2024.
What were the net earnings for the first quarter of 2024?
The provided text does not specify the net earnings for the first quarter of 2024.
What is the company's primary business activity?
The company's Standard Industrial Classification is PETROLEUM REFINING [2911].
What is Valero Energy's mailing address?
Valero Energy's mailing address is P.O. BOX 696000, SAN ANTONIO, TX 78269-6000.
What was the excise tax amount for foreign operations in Q1 2023?
The excise tax amount for foreign operations in Q1 2023 was $1,422 million.
From the Filing
0001035002-24-000022.txt : 20240425 0001035002-24-000022.hdr.sgml : 20240425 20240425163926 ACCESSION NUMBER: 0001035002-24-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALERO ENERGY CORP/TX CENTRAL INDEX KEY: 0001035002 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 741828067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13175 FILM NUMBER: 24877044 BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: 2103454524 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 10-Q 1 vlo-20240331.htm 10-Q vlo-20240331 VALERO ENERGY CORP/TX 0001035002 FALSE 2024 Q1 --12-31 Includes excise taxes on sales by certain of our foreign operations of $1,387 million and $1,422 million for the three months ended March 31, 2024 and 2023, respectively. http://fasb.org/us-gaap/2023#CostDirectMaterial http://fasb.org/us-gaap/2023#CostDirectMaterial 0001035002 2024-01-01 2024-03-31 0001035002 2024-04-19 xbrli:shares 0001035002 2024-03-31 iso4217:USD 0001035002 2023-12-31 iso4217:USD xbrli:shares 0001035002 2023-01-01 2023-03-31 0001035002 us-gaap:CommonStockMember 2023-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2023-12-31 0001035002 us-gaap:RetainedEarningsMember 2023-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001035002 us-gaap:ParentMember 2023-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2023-12-31 0001035002 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001035002 us-gaap:ParentMember 2024-01-01 2024-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001035002 us-gaap:CommonStockMember 2024-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2024-03-31 0001035002 us-gaap:RetainedEarningsMember 2024-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001035002 us-gaap:ParentMember 2024-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2024-03-31 0001035002 us-gaap:CommonStockMember 2022-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2022-12-31 0001035002 us-gaap:RetainedEarningsMember 2022-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001035002 us-gaap:ParentMember 2022-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2022-12-31 0001035002 2022-12-31 0001035002 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001035002 us-gaap:ParentMember 2023-01-01 2023-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001035002 us-gaap:CommonStockMember 2023-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2023-03-31 0001035002 us-gaap:RetainedEarningsMember 2023-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001035002 us-gaap:ParentMember 2023-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2023-03-31 0001035002 2023-03-31 0001035002 srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember 2024-01-01 2024-03-31 0001035002 srt:ConsolidatedEntityExcludingVariableInterestEnt