Valero Energy

• Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.
• The Refining segment reported operating income of $1.6 billion for the fourth quarter of 2023, compared to $4.3 billion for the fourth quarter of 2022.
• Operating income was lower than the fourth quarter of 2022 due to lower renewable diesel margin in the fourth quarter of 2023.
• Adjusted operating income was $205 million for the fourth quarter of 2023, compared to $69 million for the fourth quarter of 2022.

Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on January 25, 2024 at 10:00 a.m. ET to discuss 2023 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.

• The utilization of non-food crops for ethanol production can alleviate concerns about competition with food crops, addressing a key issue in the ethanol industry.
• In conclusion, the ongoing research into alternative raw materials for renewable ethanol production is a game-changer for the industry.
• The United States, China, and Brazil collectively stand as potential game-changers within the renewable ethanol market due to their significant roles in ethanol production and consumption.
• Major companies operating within the renewable ethanol market are Archer Daniels Midland (ADM), POET, Green Plains, Valero Energy, Cargill, Bunge, Raízen, COSAN, Tereos, Verbio, Borregaard.

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.02 per share. The dividend is payable on December 20, 2023 to holders of record at the close of business on November 17, 2023.