Below are the financial statements of Valero Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | 129.88a | 144.77a | 176.38a |
| Cost of sales | — | — | — |
| Cost of materials and other | -116.52a | -123.09a | -150.77a |
| Operating expenses (excluding depreciation and amortization expense reflected below) | -5.83a | -6.09a | -6.39a |
| Depreciation and amortization expense | -2.73a | -2.66a | -2.43a |
| Total cost of sales | -125.08a | -131.83a | -159.59a |
| Asset impairment loss | 0a | 0a | -0.06a |
| Other operating expenses | -0.04a | -0.03a | -0.07a |
| General and administrative expenses (excluding depreciation and amortization expense reflected below) | -0.96a | -1a | -0.93a |
| Depreciation and amortization expense | -0.05a | -0.04a | -0.05a |
| Operating income | 3.76a | 11.86a | 15.69a |
| Other income, net | 0.5a | 0.5a | 0.18a |
| Interest and debt expense, net of capitalized interest | -0.56a | -0.59a | -0.56a |
| Income before income tax expense | 3.7a | 11.77a | 15.31a |
| Income tax expense | -0.69a | -2.62a | -3.43a |
| Net income | 3.01a | 9.15a | 11.88a |
| Less: Net income attributable to noncontrolling interests | 0.24a | 0.31a | 0.35a |
| Net income attributable to Valero Energy Corporation stockholders | 2.77a | 8.84a | 11.53a |
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