Valero reports $3.7 billion profit as refining income surges

Valero Energy reported second-quarter 2026 net income attributable to stockholders of $3.7 billion, or $12.62 per share, compared with $714 million, or $2.28 per share, in the second quarter of 2025; revenue rose to $44.5 billion from $29.9 billion. Refining operating income increased to $4.5 billion, while renewable diesel and ethanol operating income reached $717 million and $318 million, respectively; Valero generated $5.6 billion in operating cash flow, returned $2.6 billion to stockholders, declared a $1.20 quarterly dividend on July 16, and still expects its $230 million St. Charles FCC optimization project to begin operations in the third quarter of 2026.