Short answer
Valero Energy (VLO) filed its fiscal 2024 10-K annual report with the SEC on Feb 26, 2025. It reported revenue of $129.9B (−10.3% year over year) and net income of $2.8B.
- Top risk flagged: Regulatory risk from climate-related laws impacting refining operations, including GHG emissions regulations under evolving environmental policies
FY2024 key financial metrics · XBRL
- Revenue
- $129.9B
- −10.3% YoY
- Net income
- $2.8B
- −68.6% YoY
- Operating margin
- 2.9%
- −5.3 pp YoY
- EPS (diluted)
- $8.58
- −65.6% YoY
- ROE
- 11.3%
- −22.2 pp YoY
- Operating cash flow
- $6.7B
- −27.6% YoY
Source: XBRL data from the Valero Energy (VLO) FY2024 10-K on SEC EDGAR. USD.
Valero Energy FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Management Discussion & Analysis
- Segment performance specifics missing, no data on best or worst segments
- Capital allocation guidance includes deferred turnaround, catalyst costs, capital expenditures for growth, sustaining and environmental projects, but no amounts disclosed
- Forward outlook highlights risks from geopolitical conflicts, expectations on refining, renewable diesel, ethanol margins, feedstock costs, inventory levels, capital investment plans, dividends, liquidity, and regulatory changes
Risk Factors
- Regulatory risk from climate-related laws impacting refining operations, including GHG emissions regulations under evolving environmental policies
- Macroeconomic exposure to fluctuating commodity prices affecting asset impairment estimates and future cash flow projections
- Operational risk of significant long-lived asset impairments due to market condition changes affecting property, plant, and equipment valuations
- Competitive threat from alternative energy technologies not explicitly named but implied by regulatory shifts favoring lower emissions sources
- Financial risk in tax positions with potential future liabilities from unrecognized tax benefits subject to changes in tax audits and legislation
Generated from the filing text; verify against the original. How to read a 10-K
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