Valero Energy VLO Revenue Breakdown

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As of: Sep 23, 2026 · 11:18 AM EDT
Annual revenue breakdowns for Valero Energy, fiscal 2008 to 2025, as reported in its filings.
Annual history

Valero Energy Revenue by Segment

Years FY 2008–2025
Lines 8
FY 2025 Total $122.69B

Distillates was Valero Energy’s largest segment in fiscal 2025, bringing in $55.08B of $122.69B (45%).

Valero Energy revenue by segment, fiscal 2008 to 2025
Segment FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Distillates $82.52B $63.66B $55.64B $55.08B
Gasoline & Blendstocks — $61.54B $56.01B $50.92B
Other Product Revenues $15.14B $11.27B $12.20B $10.16B
Ethanol $3.65B $3.30B $2.65B $3.17B
Renewable Diesel $3.33B $3.67B $2.32B $2.07B
Distillers Grains $1.09B $1.17B $971.00M $847.00M
Neat Saf — — — $297.00M
Renewable Naphtha $150.00M $158.00M $94.00M $138.00M
Total $105.89B $144.77B $129.88B $122.69B
Totals include 17 discontinued lines from earlier reporting.

Valero Energy revenue by segment: what the figures show

Valero Energy brought in $122.69B from its eight segments in fiscal 2025, the year ended December 31, 2025. Valero Energy regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $129.88B. Distillates was the largest at $55.08B (44.9%), ahead of Gasoline & Blendstocks at $50.92B (41.5%) and Other Product Revenues at $10.16B (8.3%). The other five segments brought in $6.53B combined.

Compared with fiscal 2024, Ethanol grew fastest, up 19.9% to $3.17B, while Other Product Revenues fell the most, down 16.7% to $10.16B.

Valero Energy began breaking out Neat Saf in fiscal 2025, when it brought in $297.00M.

Annual history

Valero Energy Revenue by Geography

Years FY 2009–2025
Lines 5
FY 2025 Total $122.69B

U.S was Valero Energy’s largest region in fiscal 2025, bringing in $87.82B of $122.69B (72%).

Valero Energy revenue by geography, fiscal 2009 to 2025
Geography FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
U.S — $104.21B $93.31B $87.82B
U.K. & Ireland $17.82B $16.15B $15.24B $15.83B
Other Countries $11.70B $7.87B $7.35B $5.73B
Canada $11.74B $10.11B $8.58B $8.14B
Mexico & Peru $8.40B $6.44B $5.41B $5.17B
Total $49.66B $144.77B $129.88B $122.69B
Totals include 5 discontinued lines from earlier reporting.

Valero Energy revenue by geography: what the figures show

Valero Energy brought in $122.69B from its five regions in fiscal 2025, the year ended December 31, 2025. That was down 5.5% from $129.88B in fiscal 2024. U.S was the largest at $87.82B (71.6%), ahead of U.K. & Ireland at $15.83B (12.9%) and Canada at $8.14B (6.6%). The other two regions brought in $10.90B combined.

Compared with fiscal 2024, U.K. & Ireland grew fastest, up 3.9% to $15.83B, while Other Countries fell the most, down 22.0% to $5.73B.

Annual history

Valero Energy Revenue by Statement Business Segments

Years FY 2009–2021
Lines 3
FY 2021 Total $112.23B

Refining was Valero Energy’s largest segment in fiscal 2021, bringing in $95.49B of $112.23B (85%).

Valero Energy revenue by statement business segments, fiscal 2009 to 2021
Statement Business Segments FY 2009 FY 2010 FY 2011 FY 2012 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Refining $55.06B $51.96B $28.24B $95.49B
Ethanol $3.64B $3.84B $3.24B $14.87B
Renewable Diesel $678.00M $2.19B $1.06B $1.87B
Total $59.38B $57.98B $32.54B $112.23B
Totals include 2 discontinued lines from earlier reporting.

Valero Energy revenue by statement business segments: what the figures show

Valero Energy brought in $112.23B from its three segments in fiscal 2021, the year ended December 31, 2021. That was up 244.9% from $32.54B in fiscal 2020. Refining was the largest at $95.49B (85.1%), ahead of Ethanol at $14.87B (13.2%) and Renewable Diesel at $1.87B (1.7%).

Compared with fiscal 2020, Ethanol grew 358.4% to $14.87B and Refining grew 238.1% to $95.49B. From fiscal 2018 to 2021, combined revenue from these segments grew from $59.38B to $112.23B, a compound annual growth rate of 23.6%. Refining's share of the total fell from 92.7% to 85.1%.

Questions

Valero Energy Revenue Breakdown FAQ

How does Valero Energy make money?

Valero Energy (VLO) reports its revenue by segment, by geography and by statement business segments. In fiscal 2025, Distillates was its largest segment, bringing in $55.08B (44.9% of the total), followed by Gasoline & Blendstocks at $50.92B (41.5%).

What is Valero Energy's largest segment?

Distillates was Valero Energy's largest segment in fiscal 2025, bringing in $55.08B, or 44.9% of the $122.69B total across its eight segments.

What is Valero Energy's largest region?

U.S was Valero Energy's largest region in fiscal 2025, bringing in $87.82B, or 71.6% of the $122.69B total across its five regions.

Which Valero Energy region is growing the fastest?

Among Valero Energy's regions that make up at least 2% of revenue, U.K. & Ireland grew fastest in fiscal 2025, up 3.9% from $15.24B to $15.83B.

Where does this revenue breakdown data come from?

Every figure comes from Valero Energy's annual financial filings, as reported. Each line keeps the name Valero Energy gives it, and years follow its fiscal calendar.

How far back does Valero Energy's revenue breakdown go?

Valero Energy's revenue by segment goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.