VLO — Valero Energy Corporation
Energy · Oil & Gas Refining & Marketing
About Valero Energy Corporation
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
The refining & downstream industry
Refiners buy crude oil and sell gasoline, diesel and jet fuel — their profit is the spread between the two (the crack spread), not the oil price itself. That distinction matters: refiners can mint money while crude falls, or struggle while it rallies, depending on how tight fuel markets are. Margins are set by regional capacity, seasonal demand, and how much refining capacity has been shut or converted — closures in recent years have kept US spreads structurally healthier than the pre-2020 norm. These stocks are cyclical, capital-heavy and often cheap for it; the read is product margins and utilization, and it pays to check both before reacting to a move. Valero is the purest large-cap refining bet, with Gulf Coast scale plus a renewable-diesel business.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | VLO |
| Company | Valero Energy Corporation |
| Price | $312.90 |
| Market cap | $90.1B |
| Sector / industry | Energy / Oil & Gas Refining & Marketing |
| Analyst mean target | $290 (18 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-2%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($27.08). Run your own assumptions in the fair-value calculator.
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