Valero Energy (VLO) Stock Buyback History
TTM buyback yield 3.97% · Shareholder yield (TTM) 3.97%.
TTM buyback yield
3.97%
Shareholder yield (TTM)
3.97%
5Y share count change
-24.1%
TTM buyback spend
$2.92B
SBC coverage (TTM)
N/A
YoY change in spend
-9.6%
5Y CAGR of spend
+75.5%
Peak year (2007)
$5.79B
Cumulative spend
$37.34B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Valero Energy (VLO) repurchased about $2.92B of stock over the trailing twelve months.
- Diluted share count is down 24.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at +75.5% per year over the latest 5-year window.
- TTM repurchases used about 65% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $2.60B | $0.00 | $2.60B | 0.31B | -4.0% | 5.27% |
| 2024 | $2.88B | $100.00M | $2.77B | 0.32B | -8.8% | 7.45% |
| 2023 | $5.14B | $0.00 | $5.14B | 0.35B | -10.9% | 11.72% |
| 2022 | $4.58B | $103.00M | $4.47B | 0.40B | -2.7% | 9.49% |
| 2021 | $27.00M | $88.00M | −$61.00M | 0.41B | 0.0% | 0.09% |
| 2020 | $156.00M | $0.00 | $156.00M | 0.41B | -1.5% | 0.68% |
| 2019 | $1.73B | $89.00M | $1.64B | 0.41B | -3.5% | 4.51% |
| 2018 | $1.71B | $86.00M | $1.62B | 0.43B | -3.6% | 5.41% |
| 2017 | $1.37B | $77.00M | $1.29B | 0.44B | -4.3% | 3.43% |
| 2016 | $1.34B | $0.00 | $1.34B | 0.46B | -7.2% | 4.34% |
| 2015 | $2.84B | $59.00M | $2.78B | 0.50B | -5.7% | 8.38% |
| 2014 | $1.30B | $60.00M | $1.24B | 0.53B | -3.3% | 5.06% |
| 2013 | $928.00M | $64.00M | $864.00M | 0.55B | -1.4% | 3.44% |
| 2012 | $281.00M | $58.00M | $223.00M | 0.56B | -2.3% | 1.64% |
| 2011 | $349.00M | $58.00M | $291.00M | 0.57B | 0.2% | 3.27% |
| 2010 | $13.00M | $54.00M | −$41.00M | 0.57B | 5.0% | 0.11% |
| 2009 | $4.00M | $66.00M | −$62.00M | 0.54B | 3.2% | 0.05% |
| 2008 | $955.00M | $59.00M | $896.00M | 0.52B | -9.5% | 9.40% |
| 2007 | $5.79B | $100.00M | $5.69B | 0.58B | -8.4% | 17.01% |
| 2006 | $2.02B | $108.00M | $1.91B | 0.63B | 7.5% | 7.22% |
| 2005 | $571.00M | $0.00 | $571.00M | 0.59B | 6.5% | 1.96% |
| 2004 | $318.00M | $0.00 | $318.00M | 0.55B | 13.1% | 2.99% |
| 2003 | $73.20M | $0.00 | $73.20M | 0.49B | 12.0% | 1.37% |
| 2002 | $45.50M | $0.00 | $45.50M | 0.44B | 70.7% | 1.25% |
| 2001 | $156.68M | $0.00 | $156.68M | 0.26B | 5.4% | 4.28% |
| 2000 | $64.29M | $0.00 | $64.29M | 0.24B | 6.6% | — |
| 1999 | $13.50M | $0.00 | $13.50M | 0.23B | 1.2% | — |
| 1998 | $34.50M | $0.00 | $34.50M | 0.22B | 6.6% | — |
| 1997 | $10.60M | $0.00 | $10.60M | 0.21B | 19.2% | — |
| 1996 | $5.80M | $0.00 | $5.80M | 0.18B | — | — |
| 1995 | $5.80M | $0.00 | $5.80M | — | — | — |
| 1994 | $1.20M | $0.00 | $1.20M | — | — | — |
| 1993 | $1.20M | $0.00 | $1.20M | — | — | — |
| 1992 | $1.20M | $0.00 | $1.20M | — | — | — |
| 1991 | $46.20M | $0.00 | $46.20M | — | — | — |
| 1990 | $1.20M | $0.00 | $1.20M | — | — | — |
| 1989 | $5.80M | $0.00 | $5.80M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Valero Energy (VLO) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Valero Energy (VLO)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Valero Energy (VLO)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.60B | -9.6% | -$277.00M | ||
| 2024 | $2.88B | -44.0% | -$2.26B | ||
| 2023 | $5.14B | +12.2% | +$559.00M | ||
| 2022 | $4.58B | +16851.9% | +$4.55B | ||
| 2021 | $27.00M | -82.7% | -$129.00M | ||
| 2020 | $156.00M | -91.0% | -$1.57B | ||
| 2019 | $1.73B | +1.1% | +$19.00M | ||
| 2018 | $1.71B | +24.5% | +$336.00M | ||
| 2017 | $1.37B | +2.7% | +$36.00M | ||
| 2016 | $1.34B | -52.9% | -$1.50B | ||
| 2015 | $2.84B | +119.0% | +$1.54B | ||
| 2014 | $1.30B | +39.7% | +$368.00M | ||
| 2013 | $928.00M | +230.2% | +$647.00M | ||
| 2012 | $281.00M | -19.5% | -$68.00M | ||
| 2011 | $349.00M | +2584.6% | +$336.00M | ||
| 2010 | $13.00M | +225.0% | +$9.00M | ||
| 2009 | $4.00M | -99.6% | -$951.00M | ||
| 2008 | $955.00M | -83.5% | -$4.83B | ||
| 2007 | $5.79B | +186.5% | +$3.77B | ||
| 2006 | $2.02B | +253.8% | +$1.45B | ||
| 2005 | $571.00M | +79.6% | +$253.00M | ||
| 2004 | $318.00M | +334.4% | +$244.80M | ||
| 2003 | $73.20M | +60.9% | +$27.70M | ||
| 2002 | $45.50M | -71.0% | -$111.18M | ||
| 2001 | $156.68M | +143.7% | +$92.39M | ||
| 2000 | $64.29M | +376.2% | +$50.79M | ||
| 1999 | $13.50M | -60.9% | -$21.00M | ||
| 1998 | $34.50M | +225.5% | +$23.90M | ||
| 1997 | $10.60M | +82.8% | +$4.80M | ||
| 1996 | $5.80M | 0.0% | $0 | ||
| 1995 | $5.80M | +383.3% | +$4.60M | ||
| 1994 | $1.20M | 0.0% | $0 | ||
| 1993 | $1.20M | 0.0% | $0 | ||
| 1992 | $1.20M | -97.4% | -$45.00M | ||
| 1991 | $46.20M | +3750.0% | +$45.00M | ||
| 1990 | $1.20M | -79.3% | -$4.60M | ||
| 1989 | $5.80M | — | — |
As of the 2025 fiscal year, Valero Energy (VLO) reported buyback spend of $2.60B – declined 9.6% year-over-year.
Valero Energy buyback spend compound annual growth for the 2020–2025 (5 years) window is +75.5%, with the latest reading among the more recent periods of the dataset.
Valero Energy buyback spend plunged from $5.79B in 2007 to $2.60B in 2025, a 55.1% drawdown.
2007 marks the peak buyback spend at $5.79B, with the historical low of $1.20M recorded in 1990.
Among 8 Energy peers, Valero Energy (VLO) ranks 4th; the peer median for buyback spend is $2.49B.
Valero Energy Buyback Spend 2025: $2.60B
Valero Energy buyback spend in 2025 was $2.60B, declined 9.6% below 2024.
Valero Energy Buyback Spend 2024: $2.88B
Valero Energy buyback spend in 2024 was $2.88B, plunged 44.0% below 2023.
Valero Energy Buyback Spend 2023: $5.14B
Valero Energy buyback spend in 2023 was $5.14B, grew 12.2% from 2022.
Valero Energy Buyback Spend 2022: $4.58B
Valero Energy buyback spend in 2022 was $4.58B, surged 16851.9% from 2021.
Valero Energy Buyback Spend 2021: $27.00M
Valero Energy buyback spend in 2021 was $27.00M.
See more financial history for Valero Energy (VLO).
Sector peers by buyback spend
Companies in the same sector as Valero Energy, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| Chevron (CVX) | $11.86B | Energy |
| ConocoPhillips (COP) | $5.02B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Capital allocation mix
How Valero Energy splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.52B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Valero Energy's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Valero Energy buy back its own stock?
Yes, Valero Energy (VLO) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Valero Energy spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $2.92B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Valero Energy's buyback yield?
TTM buyback yield is about 3.97% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Valero Energy's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 3.97% combined (TTM-based where available).
Is Valero Energy diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Valero Energy's share count changed?
Diluted weighted average shares changed by about -24.1% over roughly five fiscal years (annual income statement data).
What is Valero Energy's buyback spend?
Latest reported buyback spend for Valero Energy (VLO) is $2.92B (period ending March 31, 2026).
How has Valero Energy buyback spend changed year-over-year?
Valero Energy (VLO) buyback spend changed -9.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Valero Energy buyback spend?
Valero Energy (VLO) buyback spend compound annual growth rate is +75.5% over the most recent 5 years available.
When did Valero Energy buyback spend hit its highest annual value?
Valero Energy buyback spend reached its highest annual value of $5.79B in 2007.
What was Valero Energy buyback spend in 2024?
Valero Energy (VLO) buyback spend in 2024 was $2.88B.
What was Valero Energy buyback spend in 2025?
Valero Energy (VLO) buyback spend in 2025 was $2.60B.
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