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Valero Energy (VLO) guidance and outlook

Valero Energy's 10-Q filed Oct 28, 2026 makes 17 forward-looking statements, 2 of them new and 2 no longer said since the filing before.

Guidance and outlook

Forward-looking statements, 10-Q filed Oct 28, 2026

• • our evaluation of strategic opportunities, including our expectations regarding the levels of, and costs and timing with respect to, the production and operations at our existing refineries and plants, projects under evaluation, construction, or development, and former projects;
• • our plans, actions, assets, and operations in California and expected timing and cost of obligations and other financial statement, operational, or strategic impacts;
• • our anticipated level of capital investments, including deferred turnaround and catalyst cost and other capital expenditures, our expected allocation between, and/or within, growth capital expenditures and sustaining capital expenditures, capital expenditures for environmental and other purposes, and joint venture investments, the expected costs and timing applicable to such capital investments and any related…
• • our anticipated level of cash distributions or contributions, such as our dividend payment rate and contributions to our pension plans and other postretirement benefit plans;
• • anticipated trends in the supply of, and demand for, crude oil and other feedstocks, refined petroleum products, renewable diesel, SAF, ethanol, and corn-related co-products in the regions where we operate, as well as globally;
• • expectations regarding environmental, tax, and other legal or regulatory matters, including the matters discussed in Note 2 of Condensed Notes to Consolidated Financial Statements, the anticipated amounts and timing of payment with respect to our deferred tax liabilities, unrecognized tax benefits, matters impacting our ability to repatriate cash held by our foreign subsidiaries, tariffs and refund claims, and…
• • expectations regarding our risk management activities, including the anticipated effects of our hedge transactions;
• • expectations regarding our low-carbon fuels strategy, publicly disclosed GHG emissions reductions/displacements target, and our current, former, and any future low-carbon projects.
• (b) In March 2025, we approved a plan to idle the processing units and cease refining operations at our Benicia Refinery by the end of April 2026.
• new · In connection with our plan to cease refining operations at the Benicia Refinery, we implemented a transition plan for eligible employees that included retention incentive payments and separation benefits.
• updated · The remaining net proceeds are expected to be used for general corporate purposes, including the repayment, repurchase, or redemption of the $146 million outstanding principal amount of the 4.375 percent Senior Notes due December 15, 2026 issued by Valero Energy Partners LP and guaranteed by us.
• We expect that, to the extent necessary, we can raise additional cash through equity or debt financings in the public and private capital markets or the arrangement of additional credit facilities.

Valero Energy's latest quarter

Questions

What does Valero Energy expect?

In connection with our plan to cease refining operations at the Benicia Refinery, we implemented a transition plan for eligible employees that included retention incentive payments and separation benefits. The remaining net proceeds are expected to be used for general corporate purposes, including the repayment, repurchase, or redemption of the $146 million outstanding principal amount of the 4.375 percent Senior Notes due December 15, 2026 issued by Valero Energy Partners LP and guaranteed by us. In addition to organic growth projects, we continue to evaluate strategic opportunities, includin

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.