Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $64,912 | $113,977 | $176,383 | $144,766 | $129,881 |
| Gross Profit | -$230 | $3,129 | $16,796 | $12,932 | $4,805 |
| Operating Income | -$1,579 | $2,130 | $15,690 | $11,858 | $3,755 |
| Net Income | -$1,421 | $930 | $11,528 | $8,835 | $2,770 |
Over the five-year period, Valero Energy Corp’s financial performance displays a pronounced recovery from the challenges of 2020 alongside strong profitability before experiencing notable declines starting in 2023. In 2020, the company posted negative figures across gross profit, operating income, and net income, reflecting the broader adversity in the energy markets likely due to the economic slowdown from the COVID-19 pandemic. However, by 2021, revenue almost doubled—from USD 64,912 million to USD 113,977 million—and the company reversed its fortunes, reporting a positive turnaround with a gross profit of USD 3,129 million, operating income of USD 2,130 million, and a net income of USD 930 million. The upward trend continued into 2022, when revenue surged to USD 176,383 million, and profitability metrics reached significant highs with a gross profit of USD 16,796 million, an operating income of USD 15,690 million, and a net income of USD 11,528 million. Despite the strong recovery, the subsequent years reveal declines that warrant attention. Revenue dropped by roughly 18% from 2022 to 2023 (USD 176,383 million to USD 144,766 million) and further decreased in 2024 to USD 129,881 million. More strikingly, operating income and net income experienced substantial year-over-year swings, particularly between 2023 and 2024—operating income falling from USD 11,858 million to USD 3,755 million and net income from USD 8,835 million to USD 2,770 million, reflecting declines of over 60%. These marked downturns may be attributable to renewed market pressures, operational challenges, or margin compression typical in the volatile energy refining sector. Overall, while Valero’s earlier recovery underscored its resilience, the steep declines in later years suggest the need for careful scrutiny of cost management and market strategy to sustain long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.