Valero Energy Corporation (VLO) Income Tax Expense
The tax expense for Valero Energy Corporation (VLO) is $759.00 Million with a year-over-year change of +9.68%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
VLO Tax Expense Chart
Current Tax Expense
$759.00M
$759.00 Million
Year-over-Year Change
+9.68%
vs. $692.00M prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $759.00M | +$67.00M | +9.68% |
| 2024 | $692.00M | $-1.93B | -73.58% |
| 2023 | $2.62B | $-809.00M | -23.60% |
| 2022 | $3.43B | +$3.17B | +1244.31% |
| 2021 | $255.00M | +$1.16B | +128.24% |
| 2020 | $-903.00M | $-1.60B | -228.63% |
| 2019 | $702.00M | $-177.00M | -20.14% |
| 2018 | $879.00M | +$1.83B | +192.62% |
| 2017 | $-949.00M | $-1.71B | -224.05% |
| 2016 | $765.00M | $-1.10B | -59.09% |
| 2015 | $1.87B | +$93.00M | +5.23% |
| 2014 | $1.78B | +$523.00M | +41.71% |
| 2013 | $1.25B | $-372.00M | -22.88% |
| 2012 | $1.63B | +$400.00M | +32.63% |
| 2011 | $1.23B | +$651.00M | +113.22% |
| 2010 | $575.00M | +$672.00M | +692.78% |
| 2009 | $-97.00M | $-1.56B | -106.61% |
| 2008 | $1.47B | $-694.00M | -32.11% |
| 2007 | $2.16B | $-565.00M | -20.73% |
| 2006 | $2.73B | +$1.03B | +60.64% |
| 2005 | $1.70B | +$790.70M | +87.24% |
| 2004 | $906.30M | +$541.20M | +148.23% |
| 2003 | $365.10M | +$306.90M | +527.32% |
| 2002 | $58.20M | $-273.10M | -82.43% |
| 2001 | $331.30M | +$142.20M | +75.20% |
| 2000 | $189.10M | +$183.20M | +3105.08% |
| 1999 | $5.90M | +$41.70M | +116.48% |
| 1998 | $-35.80M | $-99.60M | -156.11% |
| 1997 | $63.80M | +$22.80M | +55.61% |
| 1996 | $41.00M | — | — |
About Valero Energy Corporation
Valero Energy Corporation functions as a global producer and marketer of transportation fuels and petrochemicals, with operations spanning the United States, Canada, the United Kingdom, Ireland, and other international territories. The company organizes its business across three primary divisions: Refining, Renewable Diesel, and Ethanol. Its Refining segment generates a wide array of products, including various types of gasoline (conventional, premium, reformulated, and California Air Resources Board-compliant), diverse diesel fuels (low-sulfur, ultra-low-sulfur, and CARB diesel), jet fuels, blendstocks, asphalts, petrochemicals, and lubricants. This division also handles the sale of lube oils and natural gas liquids. As of the end of 2021, Valero managed 15 petroleum refineries, boasting a combined daily processing capacity of approximately 3.2 million barrels of crude oil. The Ethanol division comprises 12 plants, capable of producing around 1.6 billion gallons of ethanol annually. These facilities also yield co-products such as dry distiller grains, syrup, and inedible corn oil, which are largely supplied to animal feed markets. Valero distributes its refined goods through wholesale rack and bulk channels, in addition to approximately 7,000 branded retail stations operating under names like Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco. Furthermore, Valero contributes to renewable energy production by owning and operating a facility dedicated to converting animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. Supporting its extensive operations, the company maintains a comprehensive logistics network that includes crude oil and refined product pipelines, storage terminals, tanks, marine docks, and truck rack bays. Originally established in 1980 as Valero Refining and Marketing Company, the firm adopted its current name, Valero Energy Corporation, in August 1997. Its corporate headquarters are situated in San Antonio, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- R. Lane Riggs