TTM
$5.81B
YoY change
+14.8%
5Y CAGR
—
Peak year (FY2022)
$15.7B
Cumulative operating income
$108B
Operating Income history chart for Valero Energy (VLO) from 2016 to 2025
Latest: $4.31B
Operating Income growth chart for Valero Energy (VLO) from 2016 to 2025
Latest: +14.8%
Operating Income history table for Valero Energy (VLO) from 1985 to 2025
| FY2025 | $4.31B | +14.8% | +$557M | ||
| FY2024 | $3.76B | -68.3% | -$8.1B | ||
| FY2023 | $11.9B | -24.4% | -$3.83B | ||
| FY2022 | $15.7B | +636.6% | +$13.6B | ||
| FY2021 | $2.13B | -234.9% | +$3.71B | ||
| FY2020 | -$1.58B | -141.2% | -$5.42B | ||
| FY2019 | $3.84B | -16.1% | -$736M | ||
| FY2018 | $4.57B | +27.0% | +$973M | ||
| FY2017 | $3.6B | +0.8% | +$27M | ||
| FY2016 | $3.57B | -43.8% | -$2.79B | ||
| FY2015 | $6.36B | +7.7% | +$456M | ||
| FY2014 | $5.9B | +48.9% | +$1.94B | ||
| FY2013 | $3.96B | -1.2% | -$47M | ||
| FY2012 | $4.01B | +9.0% | +$330M | ||
| FY2011 | $3.68B | +96.2% | +$1.8B | ||
| FY2010 | $1.88B | -3334.5% | +$1.93B | ||
| FY2009 | -$58M | -110.3% | -$621M | ||
| FY2008 | $563M | -91.9% | -$6.36B | ||
| FY2007 | $6.92B | -13.6% | -$1.09B | ||
| FY2006 | $8.01B | +46.7% | +$2.55B | ||
| FY2005 | $5.46B | +83.2% | +$2.48B | ||
| FY2004 | $2.98B | +143.8% | +$1.76B | ||
| FY2003 | $1.22B | +159.5% | +$751M | ||
| FY2002 | $471M | -53.0% | -$530M | ||
| FY2001 | $1B | +63.9% | +$390M | ||
| FY2000 | $611M | +784.2% | +$542M | ||
| FY1999 | $69.1M | -234.7% | +$120M | ||
| FY1998 | -$51.3M | -124.3% | -$262M | ||
| FY1997 | $211M | +5.0% | +$10.1M | ||
| FY1996 | $201M | +6.4% | +$12.1M | ||
| FY1995 | $189M | +50.0% | +$62.9M | ||
| FY1994 | $126M | +66.8% | +$50.4M | ||
| FY1993 | $75.5M | -43.7% | -$58.5M | ||
| FY1992 | $134M | +12.3% | +$14.7M | ||
| FY1991 | $119M | -11.2% | -$15.1M | ||
| FY1990 | $134M | +92.8% | +$64.7M | ||
| FY1989 | $69.7M | +80.1% | +$31M | ||
| FY1988 | $38.7M | -167.5% | +$96M | ||
| FY1987 | -$57.3M | -1.0% | +$600K | ||
| FY1986 | -$57.9M | -144.5% | -$188M | ||
| FY1985 | $130M | — | — |
- FY2025$4.31B+14.8%
- FY2024$3.76B-68.3%
- FY2023$11.9B-24.4%
- FY2022$15.7B+636.6%
- FY2021$2.13B-234.9%
- FY2020-$1.58B-141.2%
- FY2019$3.84B-16.1%
- FY2018$4.57B+27.0%
- FY2017$3.6B+0.8%
- FY2016$3.57B-43.8%
- FY2015$6.36B+7.7%
- FY2014$5.9B+48.9%
- FY2013$3.96B-1.2%
- FY2012$4.01B+9.0%
- FY2011$3.68B+96.2%
- FY2010$1.88B-3334.5%
- FY2009-$58M-110.3%
- FY2008$563M-91.9%
- FY2007$6.92B-13.6%
- FY2006$8.01B+46.7%
- FY2005$5.46B+83.2%
- FY2004$2.98B+143.8%
- FY2003$1.22B+159.5%
- FY2002$471M-53.0%
- FY2001$1B+63.9%
- FY2000$611M+784.2%
- FY1999$69.1M-234.7%
- FY1998-$51.3M-124.3%
- FY1997$211M+5.0%
- FY1996$201M+6.4%
- FY1995$189M+50.0%
- FY1994$126M+66.8%
- FY1993$75.5M-43.7%
- FY1992$134M+12.3%
- FY1991$119M-11.2%
- FY1990$134M+92.8%
- FY1989$69.7M+80.1%
- FY1988$38.7M-167.5%
- FY1987-$57.3M-1.0%
- FY1986-$57.9M-144.5%
- FY1985$130M—
Operating Income values are taken from Valero Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Valero Energy (VLO)
According to Valero Energy's latest reported financial statements, the company's current operating income (TTM) is $5.81B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Valero Energy (VLO) most recent annual operating income stands at $4.31B (2025) – grew 14.8% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Valero Energy operating income compounded at -3.8% per year, with a net decline across the window.
Between 2022 and 2025, Valero Energy operating income plunged 72.5%, falling from $15.7B to $4.31B.
$15.7B stands as the all-time-high annual operating income, posted in 2022, against a low of -$1.58B during 2020.
Valero Energy Operating Income by Year
Valero Energy Operating Income 2025: $4.31B
In 2025, Valero Energy reported operating income of $4.31B, grew 14.8% from 2024.
Valero Energy Operating Income 2024: $3.76B
Valero Energy operating income in 2024 was $3.76B, plunged 68.3% below 2023.
Valero Energy Operating Income 2023: $11.9B
2023's operating income for Valero Energy came in at $11.9B, declined 24.4% below 2022.
Valero Energy Operating Income 2022: $15.7B
Valero Energy posted operating income of $15.7B in 2022, surged 636.6% from 2021. This figure represents the highest annual value in the available history.
Valero Energy Operating Income 2021: $2.13B
Valero Energy operating income in 2021 was $2.13B.
See more financial history for Valero Energy (VLO).
Sector peers by Operating Income
Energy peers of Valero Energy (VLO), ranked by their latest operating income
| $16.7B | |
| $11.5B | |
| $7.93B | |
| $7.86B | |
| $5.77B | |
| $5.46B | |
| $4.4B | |
| $3.52B |
- $16.7B
- $11.5B
- $7.93B
- $7.86B
- $5.77B
- $5.46B
- $3.52B
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- Buybacks3.97% TTM
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.