Valero reports third-quarter profit of $6.8 billion as refining earnings surge

Valero Energy reported third-quarter 2026 net income attributable to stockholders of $6.8 billion, or $23.89 per diluted share, on revenue of $46.1 billion for the period ended September 30, compared with $1.1 billion and $3.53 per share in the year-earlier quarter. Refining operating income rose to $8.8 billion, while renewable diesel earned $353 million and ethanol earned $272 million; Valero also generated $6.9 billion in operating cash flow, repaid $526 million of maturing debt, and completed its St. Charles FCC Unit optimization project on schedule and within budget.