Valero Energy Corp.

Valero Energy Corp.

VLO

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Market Cap$92.91B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Valero Energy Corp.Valero Energy Corp.131.51%29%0.70.5

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Q2 2026 was exceptionally strong (profitability + cash): Net income attributable to Valero stockholders was $3.7B ($12.62/sh) vs $714M ($2.28/sh) in Q2’25. Operating income rose sharply across segments: Refining $4.5B (vs $1.3B), Renewable Diesel $717M (vs -$79M), Ethanol $318M (vs $54M). Net cash from operations was $5.6B (includes favorable working capital and JV-related cash items); management characterized this as strong operational + commercial execution rather than a one-off.
Q3 2026 outlook: refining & renewable demand supported; specific operating assumptions given: - Refining throughput guidance (by region): Gulf Coast 1.78–1.83 M bpd, Mid-Continent 460–480 kbpd, West Coast 110–120 kbpd, North Atlantic 450–470 kbpd. - Refining cash opex: ~$4.75/bbl. - Renewable Diesel: expected sales ~3.5M gallons/day, operating expenses ~$0.49/gal. - Ethanol: production ~4.8M gallons/day, operating expenses ~$0.39/gal. - Macro cost items: net interest expense ~$140M, D&A ~$700M, G&A ~ $960M for 2026.
Capital allocation: dividend raised/continued + cash build for optionality; buybacks remain disciplined: Company announced a quarterly dividend of $1.20/share (July 16). Stockholder cash returns were $2.6B in Q2 with a 59% payout ratio. Management emphasized they are building cash above their long-term $4–$5B cash target (to protect optionality in commodity volatility), and still expect to maintain the minimum 50% payout commitment—implying buybacks/dividend are not “paused,” but scaled with volatility and cycle-through sustainability.

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$290.43

Target Price by Analysts

7.2% downsideValero Energy Target Price DetailsTarget Price
$363.64

Current Fair Value

16.2% upside

Undervalued by 16.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$92.91 Billion
Enterprise Value$96.39 Billion
Dividend Yield$4.73 (1.51%)
Earnings per Share$7.57
Beta0.55
Outstanding Shares294,000,000

Return

Return on Equity28.87%ROE
Return on Assets11.16%
Return on Invested Capital21.99%

Valuation & Multiples

P/E Ratio12.97P/E Ratio
PEG3.08PEG
Price to Sales0.69Price to Sales
Price to Book Ratio3.26Price to Book Ratio
Enterprise Value to Revenue0.73
Enterprise Value to EBIT9.54
Enterprise Value to Net Income13
Total Debt to Enterprise0.12
Debt to Equity0.45Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$10.11
Average shareholder expectation
Revenue Estimate
$39.47 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$14.07
Average shareholder expectation
Revenue Estimate
$37.72 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 108.66%
Total Calls11,400▼ 99.61%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.56%▼ 79.26%
Total Invested$3.53B▼ 94.28%
Investors Holding886▼ 1044.00%

ESG Score

No data

About Valero Energy Corp.

CEO: Joseph Gorder

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for all tax legislation, directly influencing corporate tax policy that profoundly impacts Valero's profitability and capital allocation decisions.

Finance

Controls tax policy and trade, which directly impacts Valero's corporate tax burden, investment incentives, and the costs/revenues associated with importing crude or exporting refined products.

Agriculture, Nutrition, and Forestry

Oversees the CFTC, which regulates the derivatives and futures markets for commodities like crude oil and refined products, directly impacting Valero's hedging strategies and pricing mechanisms.

Energy and Natural Resources

Directly responsible for national energy policy, which impacts crude oil supply, transportation infrastructure, and overall market conditions critical to Valero's refining business.

Environment and Public Works

Directly regulates the EPA, whose environmental standards and emissions regulations significantly impact refinery operations, compliance costs, and profitability for Valero.

Foreign Relations

Sanctions and foreign policy decisions directly impact global crude oil supply and prices, which are critical inputs and market determinants for Valero.