VLO Valero Energy
FY2025 10-K
Valero Energy (VLO) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Section 'business' was empty or not found.
Management Discussion & Analysis
- • Revenue $122.7B, down $7.2B YoY; decline driven by lower petroleum product prices in Refining segment
- • Net income $2.3B vs $2.8B in 2024; GAAP operating margin 2.6% vs 2.9%; adjusted operating income $4.4B vs $3.8B
Risk Factors
- • EPA's proposed RFS Set II rules (June 2025) could increase RVOs for 2026-2027, reduce RINs from foreign feedstocks by 50%, and cut hydrogenation equivalency values, threatening DGD margins
- • DGD's renewable diesel/SAF facing asymmetric tariff pressure: U.S. tariffs on foreign feedstocks plus foreign duties on U.S.-exported product, with no reciprocal broad tariff on foreign finished imports
Financial SummaryXBRL
Revenue
$122.7B
Net Income
$2.3B
Operating Margin
2.6%
Net Margin
1.9%
ROE
9.9%
Total Assets
$58.0B
EPS (Diluted)
$7.57
Operating Cash Flow
$5.8B
Source: XBRL data from Valero Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Valero Energy Annual Reports
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