VALERO ENERGY CORP/TX

Valero Energy Corporation reported a significant increase in its second quarter 2026 financial results, with net income attributable to stockholders rising to $3,720 million and diluted earnings per share reaching $12.62. Revenues for the quarter also saw a substantial jump to $44,476 million. The company's board authorized an additional $5.0 billion for share repurchases and declared a quarterly dividend of $1.20 per share. Operational updates included the idling of the Benicia Refinery and an insurance recovery receivable of $78 million related to the Port Arthur Refinery fire, alongside a $51 million IEEPA tariff refund for its Renewable Diesel segment.

Valero Energy Corporation's board of directors authorized a new share repurchase program of up to $5.0 billion on July 16, 2026. This new authorization is in addition to the existing February 2026 program, which had $1.4 billion remaining as of June 30, 2026. Both share repurchase programs have no expiration date, signaling a continued commitment to returning capital to shareholders.

Valero Energy Corporation announced that Eric A. Fisher, Senior Vice President Product Supply, Trading and Wholesale, plans to retire on or about July 1, 2026, with an interim period for responsibility transition. Additionally, the company held its 2026 annual meeting of stockholders on May 7, 2026. All director nominees were elected, the advisory vote to approve 2025 executive compensation was passed, and the appointment of KPMG LLP as the independent auditor for 2026 was ratified.

Valero Energy Corporation reported a significant turnaround in Q1 2026, with net income attributable to stockholders reaching $1.26 billion, or $4.22 per share, compared to a net loss in the prior year. Revenues increased to $32.38 billion. The company also issued $850 million in senior notes and repurchased $573 million of common stock. Operationally, the Port Arthur Refinery experienced a fire in March 2026, leading to reduced capacity, and the Benicia Refinery completed its idling plan in April 2026.

Valero Energy Corporation reported strong first-quarter 2026 results with net income attributable to stockholders of $1.3 billion, or $4.22 per share, a significant improvement from a net loss in the prior year. The company increased its quarterly cash dividend by 6% to $1.20 per share and issued $850 million in senior notes for debt repayment and general corporate purposes. All segments, including Refining, Renewable Diesel, and Ethanol, showed improved operating income.