Company / Finance

Valero Energy Corporation

VLO · NYSE

Valero reported 2025 revenue including assessed taxes of $122.69 billion and Q1 2026 revenue of $32.38 billion. The thesis depends on refining margins, operating cash flow, capital discipline, shareholder returns and balance-sheet resilience.

Latest ReportMay 20, 2026Valero: the refining cash machine still lives and dies by crack spreadsView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->
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Latest Thesis

Valero: the refining cash machine still lives and dies by crack spreads

Valero reported 2025 revenue including assessed taxes of $122.69 billion and Q1 2026 revenue of $32.38 billion. The thesis depends on refining margins, operating cash flow, capital discipline, shareholder returns and balance-sheet resilience.

May 20, 2026Research reportSlides available
Valero Energy Corporationthe refining cash machine still lives and dies by crack spreadsMay 20, 2026
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Valero: the refining cash machine still lives and dies by crack spreadsValero reported 2025 revenue including assessed taxes of $122.69 billion and Q1 2026 revenue of $32.38 billion. The thesis depends on refining margins, operating cash flow, capital discipline, shareholder returns and balance-sheet resilience.NYSEMay 20, 2026Research reportReadSlides