Valero Energy reported second quarter 2026 revenue of $44.5 billion and diluted earnings of $12.62 per share, significantly exceeding analyst estimates. The company also posted adjusted earnings of $12.54 per share, driven by strong operational execution across all business segments.
Key Highlights
- Refining segment operating income surged to $4.5 billion, a more than threefold increase from $1.3 billion in the same quarter last year.
- The Renewable Diesel segment generated operating income of $717 million, a significant turnaround from an operating loss of $79 million a year ago.
- Refining throughput volumes averaged 3.0 million barrels per day, surpassing the pre-report estimate of 2.79 million barrels per day.
- The company returned a total of $2.6 billion in cash to stockholders during the second quarter.