Valero Energy CORP/TX revenue by segment VLO

Annual Quarterly

Valero Energy CORP/TX splits its revenue 2 ways in its filings. By operating segments, the largest line in Q3 of fiscal 2026, the quarter ended Sep 30, 2026 was Refining at $44.4 billion, 96% of the total. By sales mix, the largest line in Q3 of fiscal 2026, the quarter ended Sep 30, 2026 was Distillates at $22.0 billion, 48% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Sep 30, 2026	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Revenue	153,327	46,098	44,476	32,381	30,372	32,168	29,889	30,258	30,756
Operating segments
Refining	146,137 +25.1% share 95.3%	44,369 +45.9% share 96.2%	42,300 +49.3% share 95.1%	30,805 +7.1% share 95.1%	28,663 -2.3% share 94.4%	30,414 share 94.5%	28,324 share 94.8%	28,757 share 95.0%	29,334 share 95.4%
Ethanol	3,908 -0.9% share 2.5%	1,065 +2.9% share 2.3%	1,000 +0.0% share 2.2%	865 -14.2% share 2.7%	978 +8.7% share 3.2%	1,035 share 3.2%	1,000 share 3.3%	1,008 share 3.3%	900 share 2.9%
Renewable Diesel	3,282 +42.8% share 2.1%	664 -7.6% share 1.4%	1,176 +108.1% share 2.6%	711 +44.2% share 2.2%	731 +40.0% share 2.4%	719 share 2.2%	565 share 1.9%	493 share 1.6%	522 share 1.7%
Sales mix
Distillates	72,493 +34.0% share 47.3%	22,003 +50.9% share 47.7%	20,688 +61.9% share 46.5%	15,461 +15.6% share 47.7%	14,341 +7.4% share 47.2%	14,582 share 45.3%	12,778 share 42.8%	13,376 share 44.2%	13,350 share 43.4%
Gasoline And Blendstocks	60,315 +17.4% share 39.3%	17,932 +35.0% share 38.9%	17,417 +36.9% share 39.2%	12,431 +0.5% share 38.4%	12,535 -3.7% share 41.3%	13,287 share 41.3%	12,721 share 42.6%	12,374 share 40.9%	13,010 share 42.3%
Manufactured Product Other	13,329 +17.4% share 8.7%	4,434 +74.2% share 9.6%	4,195 +48.5% share 9.4%	2,913 -3.1% share 9.0%	1,787 -39.9% share 5.9%	2,545 share 7.9%	2,825 share 9.5%	3,007 share 9.9%	2,974 share 9.7%
Ethanol Product	3,097 +1.5% share 2.0%	848 +3.0% share 1.8%	789 +1.2% share 1.8%	676 -14.1% share 2.1%	—	823 share 2.6%	780 share 2.6%	787 share 2.6%	662 share 2.2%
Renewable Diesel Product	2,645 +34.2% share 1.7%	433 -30.5% share 0.9%	1,057 +124.9% share 2.4%	566 +44.8% share 1.7%	589 +20.9% share 1.9%	623 share 1.9%	470 share 1.6%	391 share 1.3%	487 share 1.6%
Distillers Grains	811 -9.0% share 0.5%	217 +2.4% share 0.5%	211 -4.1% share 0.5%	189 -14.5% share 0.6%	194 -18.5% share 0.6%	212 share 0.7%	220 share 0.7%	221 share 0.7%	238 share 0.8%
Neat SAF	476 share 0.3%	170 +153.7% share 0.4%	80 +63.3% share 0.2%	108 +71.4% share 0.3%	118 share 0.4%	67 share 0.2%	49 share 0.2%	63 share 0.2%	—
Renewable Naphtha Product	161 +8.1% share 0.1%	61 +110.3% share 0.1%	39 -15.2% share 0.1%	37 -5.1% share 0.1%	24 -31.4% share 0.1%	29 share 0.1%	46 share 0.2%	39 share 0.1%	35 share 0.1%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Petroleum Refining (SIC 2911)
Listed as: VLO (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: San Antonio, TX
SEC filer status: Large accelerated filer
SEC CIK: 1035002
Former names: VALERO REFINING & MARKETING CO (until Jul 21, 1997)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.