VALERO ENERGY CORP/TX

This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.

Earlier AI snapshot · Generated Jun 8, 2026. The filing-backed figures above are the current source of truth.

Valero Energy’s balance sheet has been fairly stable over the last five years, with total assets staying in a relatively tight range of about $57.9 billion to $63.1 billion. Assets peaked in 2023 at $63.1 billion before easing to $60.1 billion in 2024 and $58.0 billion in 2025, suggesting some normalization after the 2023 high point. Total liabilities also moved within a moderate band, but they declined overall from $38.1 billion in 2021 to $34.3 billion in 2025, which is constructive from a leverage standpoint. Stockholders’ equity improved meaningfully over the period, rising from $19.8 billion in 2021 to a high of $28.5 billion in 2023, before moderating to $23.7 billion in 2025. The 2023 peak likely reflects stronger retained earnings and/or balance-sheet support during a period of favorable refining margins, which is consistent with the cyclical nature of the energy refining industry. Even with the pullback in 2024–2025, equity remains above 2021 levels, and the combination of slightly lower liabilities and a still-solid equity base points to a reasonably strong financial position overall.

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.