Valero Historical Income Statement

VLO Stock  USD 125.07  4.07  3.15%   
Historical analysis of Valero Energy income statement accounts such as Depreciation And Amortization of 2.8 B, Total Revenue of 152 B, Gross Profit of 13.6 B or Other Operating Expenses of 139.6 B can show how well Valero Energy performed in making a profits. Evaluating Valero Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Valero Energy's future profits or losses.
 
Oil Shock
 
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Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Valero Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Valero Energy is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

About Valero Income Statement Analysis

Valero Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Valero Energy shareholders. The income statement also shows Valero investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Valero Energy Income Statement Chart

At this time, Valero Energy's EBITDA is very stable compared to the past year. As of the 16th of December 2024, Cost Of Revenue is likely to grow to about 138.5 B, while Total Other Income Expense Net is likely to drop (94.5 M).

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Valero Energy. It is also known as Valero Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Valero Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Valero Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Valero Energy income statement and is an important metric when analyzing Valero Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Valero Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Valero Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.At this time, Valero Energy's EBITDA is very stable compared to the past year. As of the 16th of December 2024, Cost Of Revenue is likely to grow to about 138.5 B, while Total Other Income Expense Net is likely to drop (94.5 M).
 2021 2022 2023 2024 (projected)
Total Revenue114.0B176.4B144.8B152.0B
Depreciation And Amortization2.4B2.5B2.7B2.8B

Valero Energy income statement Correlations

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Valero Energy Account Relationship Matchups

Valero Energy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization104M2.4B2.4B2.5B2.7B2.8B
Total Revenue108.3B64.9B114.0B176.4B144.8B152.0B
Gross Profit4.7B(788M)3.1B16.8B12.9B13.6B
Other Operating Expenses104.5B66.5B111.8B160.6B132.9B139.6B
Operating Income3.8B(1.6B)2.1B15.7B11.9B12.5B
Ebit3.8B(1.4B)2.1B15.9B12.0B12.6B
Ebitda3.9B904M4.6B18.3B14.7B15.4B
Cost Of Revenue103.6B65.7B110.9B159.6B131.9B138.5B
Total Operating Expenses889M791M952M1B1.0B1.1B
Income Before Tax3.5B(2.0B)1.5B15.3B11.8B12.4B
Total Other Income Expense Net(350M)(431M)(587M)(383M)(90M)(94.5M)
Net Income2.4B(1.1B)1.3B11.5B8.8B9.3B
Income Tax Expense702M(903M)255M3.4B2.6B2.7B
Interest Expense454M563M603M562M592M621.6M
Selling General Administrative868M756M865M934M998M642.4M
Net Income Applicable To Common Shares2.4B(1.4B)930M11.5B13.2B13.9B
Minority Interest362M314M(358M)(351M)(417M)(396.2M)
Net Income From Continuing Ops2.8B(1.1B)1.3B11.9B11.2B11.7B
Non Operating Income Net Other104M132M16M179M205.9M105.7M
Tax Provision702M(903M)255M3.4B3.3B3.5B
Interest Income379M563M603M562M371M524.9M
Net Interest Income(454M)(563M)(603M)(562M)(209M)(219.5M)
Reconciled Depreciation2.3B2.4B47M2.5B2.6B2.2B

Pair Trading with Valero Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Valero Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Valero Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Valero Stock

  0.65DK Delek Energy Downward RallyPairCorr
The ability to find closely correlated positions to Valero Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valero Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Valero Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Valero Energy to buy it.
The correlation of Valero Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valero Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valero Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Valero Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Valero Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Valero Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Valero Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Valero Energy Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Valero Energy. If investors know Valero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Valero Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.85)
Dividend Share
4.23
Earnings Share
11.36
Revenue Per Share
393.974
Quarterly Revenue Growth
(0.15)
The market value of Valero Energy is measured differently than its book value, which is the value of Valero that is recorded on the company's balance sheet. Investors also form their own opinion of Valero Energy's value that differs from its market value or its book value, called intrinsic value, which is Valero Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valero Energy's market value can be influenced by many factors that don't directly affect Valero Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Valero Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valero Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valero Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.