Valero Energy (VLO) Invested Capital (2009 - 2026)
Valero Energy (VLO) posted Invested Capital of $39.6 billion for Q2 2026, up 3.1% on a QoQ basis from $38.4 billion in Q1 2026, and up 5.38% year-over-year from $37.6 billion in Q2 2025.
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Analysis
Valero Energy (VLO) Invested Capital (2009 - 2026) Analysis & Trends
Valero Energy has reported Invested Capital for 18 years, with the latest figure at $39.6 billion in Q2 2026.
- On a quarterly basis, Invested Capital rose 5.38% year-over-year to $39.6 billion in Q2 2026; TTM through Jun 2026 was $39.6 billion, a 5.38% increase from a year earlier, with the FY2025 full-year figure at $37.2 billion, down 2.0% from the prior year.
- Invested Capital was $39.6 billion for Q2 2026 at Valero Energy, up from $38.4 billion in the prior quarter.
- The five-year high for Invested Capital was $40.0 billion in Q4 2023, with the low at $33.6 billion in Q1 2022.
- Average Invested Capital over 5 years is $37.9 billion, with a median of $38.2 billion recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Invested Capital grew 14.68% in 2023, then decreased 6.42% in 2025.
- Over 5 years, Invested Capital stood at $37.1 billion in 2022, then rose by 7.94% to $40.0 billion in 2023, then fell by 5.15% to $38.0 billion in 2024, then decreased by 2.0% to $37.2 billion in 2025, then increased by 6.43% to $39.6 billion in 2026.
- The last three Invested Capital figures came in at $39.6 billion (Q2 2026), $38.4 billion (Q1 2026), and $37.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 58.54 Bn |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 39.62 Bn |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 13.12 Bn |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 21.66 Bn |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 8.29 Bn |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 6.74 Bn |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 2.52 Bn |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | - |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 3.62 Bn |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 2.72 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.62 Bn |
| Mar 31, 2026 | 38.43 Bn |
| Dec 31, 2025 | 37.22 Bn |
| Sep 30, 2025 | 37.33 Bn |
| Jun 30, 2025 | 37.59 Bn |
| Mar 31, 2025 | 37.17 Bn |
| Dec 31, 2024 | 37.98 Bn |
| Sep 30, 2024 | 38.81 Bn |
| Jun 30, 2024 | 38.99 Bn |
| Mar 31, 2024 | 39.72 Bn |
| Dec 31, 2023 | 40.05 Bn |
| Sep 30, 2023 | 39.50 Bn |
| Jun 30, 2023 | 39.32 Bn |
| Mar 31, 2023 | 38.50 Bn |
| Dec 31, 2022 | 37.10 Bn |
| Sep 30, 2022 | 35.29 Bn |
| Jun 30, 2022 | 35.61 Bn |
| Mar 31, 2022 | 33.57 Bn |
| Dec 31, 2021 | 33.69 Bn |
| Sep 30, 2021 | 32.82 Bn |
API Access
Valero Energy Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "VLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();