Valero Energy Q2 2024 10-Q Filed

Ticker: VLO · Form: 10-Q · Filed: 2024-07-25T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, excise-tax

TL;DR

Valero Energy's Q2 10-Q is in, showing $1.46B in foreign excise taxes for the quarter.

AI Summary

Valero Energy Corp/TX filed its 10-Q for the period ending June 30, 2024. The filing includes excise taxes on sales by certain foreign operations, amounting to $1,456 million for the three months ended June 30, 2024, and $2,843 million for the six months ended June 30, 2024.

Why It Matters

This filing provides a financial snapshot of Valero Energy's performance and operational details for the second quarter of 2024, impacting investors and industry analysts.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial and operational data.

Key Numbers

$1,456 million — Foreign Excise Taxes (3 months) (For the three months ended June 30, 2024)
$1,449 million — Foreign Excise Taxes (3 months prior year) (For the three months ended June 30, 2023)
$2,843 million — Foreign Excise Taxes (6 months) (For the six months ended June 30, 2024)
$2,871 million — Foreign Excise Taxes (6 months prior year) (For the six months ended June 30, 2023)

Key Players & Entities

VALERO ENERGY CORP/TX (company) — Filer
20240630 (date) — Period of Report
$1,456 million (dollar_amount) — Excise taxes for three months ended June 30, 2024
$2,843 million (dollar_amount) — Excise taxes for six months ended June 30, 2024

FAQ

What is the total amount of excise taxes on sales by certain foreign operations for the three months ended June 30, 2024?

The excise taxes on sales by certain of our foreign operations were $1,456 million for the three months ended June 30, 2024.

What was the comparable amount of foreign excise taxes for the three months ended June 30, 2023?

The excise taxes on sales by certain of our foreign operations were $1,449 million for the three months ended June 30, 2023.

What is the total amount of excise taxes on sales by certain foreign operations for the six months ended June 30, 2024?

The excise taxes on sales by certain of our foreign operations were $2,843 million for the six months ended June 30, 2024.

What was the comparable amount of foreign excise taxes for the six months ended June 30, 2023?

The excise taxes on sales by certain of our foreign operations were $2,871 million for the six months ended June 30, 2023.

What is the primary business of Valero Energy Corp/TX?

Valero Energy Corp/TX is in the PETROLEUM REFINING industry, SIC code 2911.

From the Filing

0001035002-24-000051.txt : 20240725 0001035002-24-000051.hdr.sgml : 20240725 20240725170248 ACCESSION NUMBER: 0001035002-24-000051 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240725 DATE AS OF CHANGE: 20240725 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: 241142729 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-20240630.htm 10-Q vlo-20240630 VALERO ENERGY CORP/TX 0001035002 FALSE 2024 Q2 --12-31 http://fasb.org/us-gaap/2024#CostDirectMaterial http://fasb.org/us-gaap/2024#CostDirectMaterial http://fasb.org/us-gaap/2024#CostDirectMaterial http://fasb.org/us-gaap/2024#CostDirectMaterial Includes excise taxes on sales by certain of our foreign operations of $1,456 million and $1,449 million for the three months ended June 30, 2024 and 2023, respectively, and $2,843 million and $2,871 million for the six months ended June 30, 2024 and 2023, respectively. xbrli:shares iso4217:USD iso4217:USD xbrli:shares vlo:refinery xbrli:pure vlo:plant vlo:subsidiary vlo:segment utr:MBbls utr:bu 0001035002 2024-01-01 2024-06-30 0001035002 2024-07-19 0001035002 2024-06-30 0001035002 2023-12-31 0001035002 2024-04-01 2024-06-30 0001035002 2023-04-01 2023-06-30 0001035002 2023-01-01 2023-06-30 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 2024-03-31 0001035002 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001035002 us-gaap:ParentMember 2024-04-01 2024-06-30 0001035002 us-gaap:NoncontrollingInterestMember 2024-04-01 2024-06-30 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001035002 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0001035002 us-gaap:CommonStockMember 2024-06-30 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001035002 us-gaap:TreasuryStockCommonMember 2024-06-30 0001035002 us-gaap:RetainedEarningsMember 2024-06-30 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001035002 us-gaap:ParentMember 2024-06-30 0001035002 us-gaap:NoncontrollingInterestMember 2024-06-30 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 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001035002 us-gaap:ParentMember 2023-04-01 2023-06-30 0001035002 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001035002 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001035002 us-gaap:CommonStockMember 2023-06-30 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001035002 us-gaap:TreasuryStockCommonMember 2023-06-30 0001035002 us-gaap:Retain