Valero Energy (VLO) Shares Outstanding (Diluted) (2009 - 2026)
Valero Energy (VLO) reported Weighted Average Shares Outstanding (Diluted) of 294 million for Q3 2026, down 4.9% from 309 million a year earlier and unchanged from the prior quarter.
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Analysis
Valero Energy (VLO) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Valero Energy posted Weighted Average Shares Outstanding (Diluted) of 309 million, down 4.0% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has declined for four consecutive years, with a five-year compound annual growth rate of -5.4% (FY2020 to FY2025).
- By year, Weighted Average Shares Outstanding (Diluted) came in at 322 million in FY2024 (-8.8%), 353 million in FY2023 (-10.9%), 396 million in FY2022 (-2.7%) and 407 million in FY2021 (unchanged).
- Five-year quarterly Weighted Average Shares Outstanding (Diluted) spans a low of 294 million in Q2 2026 and a high of 408 million in Q1 2022.
- Year over year, Weighted Average Shares Outstanding (Diluted) has now declined in each of the last 18 quarters, with an average decline of 5.0% over the last eight quarters.
- The high point for year-over-year Weighted Average Shares Outstanding (Diluted) in five years was Q1 2022 (growth of 0.2%); the low point was Q2 2023 (a decline of 11.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 294 million (Q2 2026), 298 million (Q1 2026) and 309 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 108.91 Bn | 81.71 Bn | 12.69 Bn | 280.00 Mn |
| 2 | Valero Energy | 103.58 Bn | 75.45 Bn | 9.41 Bn | 285.00 Mn |
| 3 | HF Sinclair | 18.41 Bn | 10.69 Bn | 3.15 Bn | 175.87 Mn |
| 4 | Sunoco | 8.94 Bn | 3.32 Bn | 1.46 Bn | 137.74 Mn |
| 5 | PBF Energy | 8.58 Bn | 4.07 Bn | 2.17 Bn | 121.07 Mn |
| 6 | Ultrapar Holdings | 6.02 Bn | -1.22 Bn | 912.61 Mn | 1.10 Bn |
| 7 | Cvr Energy | 4.25 Bn | 1.82 Bn | 117.00 Mn | 100.50 Mn |
| 8 | Delek US Holdings | 3.99 Bn | 1.48 Bn | 365.10 Mn | 62.49 Mn |
| 9 | Icahn Enterprises | 3.59 Bn | -2.17 Bn | - | 669.00 Mn |
| 10 | Bw Lpg | 3.41 Bn | 2.39 Bn | - | 151.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 285.00 Mn |
| Jun 30, 2026 | 294.00 Mn |
| Mar 31, 2026 | 298.00 Mn |
| Dec 31, 2025 | 309.00 Mn |
| Sep 30, 2025 | 309.00 Mn |
| Jun 30, 2025 | 312.00 Mn |
| Mar 31, 2025 | 314.00 Mn |
| Dec 31, 2024 | 322.00 Mn |
| Sep 30, 2024 | 318.00 Mn |
| Jun 30, 2024 | 324.00 Mn |
| Mar 31, 2024 | 331.00 Mn |
| Dec 31, 2023 | 353.00 Mn |
| Sep 30, 2023 | 349.00 Mn |
| Jun 30, 2023 | 358.00 Mn |
| Mar 31, 2023 | 369.00 Mn |
| Dec 31, 2022 | 396.00 Mn |
| Sep 30, 2022 | 390.00 Mn |
| Jun 30, 2022 | 404.00 Mn |
| Mar 31, 2022 | 408.00 Mn |
| Dec 31, 2021 | 407.00 Mn |
API Access
Valero Energy Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();