Valero Energy Files 2024 10-K
Ticker: VLO · Form: 10-K · Filed: 2025-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, energy, refining
Related Tickers: VLO
TL;DR
VLO dropped its 2024 10-K. Revenue up, excise taxes hit $5.9B.
AI Summary
Valero Energy Corp. (VLO) filed its 2024 10-K on February 26, 2025, reporting on its fiscal year ending December 31, 2024. The company, a major petroleum refiner, operates across various segments including refining, renewables, and logistics. The filing details financial performance and operational highlights for the year, with specific figures for excise taxes on sales by certain foreign operations amounting to $5,907 million for 2024.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Valero's financial health and operational performance for the 2024 fiscal year, crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: medium — The energy sector is inherently volatile due to commodity prices, geopolitical events, and regulatory changes, which can significantly impact Valero's financial performance.
Key Numbers
- $5,907 million — Excise Taxes (On sales by certain foreign operations for the year ended December 31, 2024.)
- $5,765 million — Excise Taxes (On sales by certain foreign operations for the year ended December 31, 2023.)
- $5,194 million — Excise Taxes (On sales by certain foreign operations for the year ended December 31, 2022.)
Key Players & Entities
- Valero Energy Corp. (company) — Filer of the 10-K
- 2024 (date) — Fiscal year end
- February 26, 2025 (date) — Filing date
- $5,907 million (dollar_amount) — Excise taxes on sales for 2024
FAQ
What is Valero Energy Corp.'s primary business?
Valero Energy Corp. is primarily engaged in petroleum refining, as indicated by its Standard Industrial Classification code [2911].
When was Valero Energy Corp.'s 2024 10-K filed?
The 2024 10-K for Valero Energy Corp. was filed on February 26, 2025.
What were the excise taxes on sales by certain foreign operations for Valero in 2024?
The excise taxes on sales by certain foreign operations for Valero in 2024 were $5,907 million.
Where is Valero Energy Corp. headquartered?
Valero Energy Corp. is headquartered in San Antonio, Texas.
What is the fiscal year end for Valero Energy Corp.?
Valero Energy Corp.'s fiscal year ends on December 31.
From the Filing
0001035002-25-000005.txt : 20250226 0001035002-25-000005.hdr.sgml : 20250226 20250226144752 ACCESSION NUMBER: 0001035002-25-000005 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 129 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13175 FILM NUMBER: 25669264 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-K 1 vlo-20241231.htm 10-K vlo-20241231 VALERO ENERGY CORP/TX 0001035002 FALSE 2024 FY P2D http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent Includes excise taxes on sales by certain of our foreign operations of $5,907 million, $5,765 million, and $5,194 million for the years ended December 31, 2024, 2023, and 2022. iso4217:USD xbrli:shares iso4217:USD xbrli:shares vlo:refinery utr:bbl utr:D vlo:plant utr:gal utr:Y vlo:ethanol_plant xbrli:pure iso4217:CAD vlo:subsidiary vlo:terminal vlo:segment vlo:renewal utr:MBbls utr:bu 0001035002 2024-01-01 2024-12-31 0001035002 2024-06-28 0001035002 2025-02-21 0001035002 2024-12-31 0001035002 2023-12-31 0001035002 2023-01-01 2023-12-31 0001035002 2022-01-01 2022-12-31 0001035002 us-gaap:CommonStockMember 2021-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2021-12-31 0001035002 us-gaap:RetainedEarningsMember 2021-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001035002 us-gaap:ParentMember 2021-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2021-12-31 0001035002 2021-12-31 0001035002 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001035002 us-gaap:ParentMember 2022-01-01 2022-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 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 2023-12-31 0001035002 us-gaap:ParentMember 2023-01-01 2023-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001035002 us-gaap:CommonStock