Valero Energy Corporation
Valero Energy Authorizes Additional $5 Billion for Share Repurchases
Summary
On July 16, 2026, Valero Energy Corporation's board of directors authorized the company to purchase shares of its outstanding common stock for a total cost of up to $5.0 billion with no expiration date, in addition to the $2.5 billion remaining under the February 2026 Program. As of June 30, 2026, $1.4 billion remained available for purchase under the initial program. This authorization brings the total amount available for share repurchases to $7.5 billion.
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About Valero Energy Corporation
Valero Energy Corporation is a leading international manufacturer and marketer of transportation fuels and petrochemical products. Operating as an independent petroleum refiner, Valero plays a crucial role in the energy sector, producing essential fuels like gasoline, diesel, and jet fuel. The company operates multiple refineries and ethanol plants across various strategic locations, primarily in the United States and Canada, optimizing access to feedstock supplies and distribution networks. One of Valero's distinguishing features is its commitment to sustainable and environmentally responsible practices, investing in renewable diesel production and reducing carbon emissions. As a key player in the energy market, Valero supplies a broad portfolio of customers, including retail outlets, wholesalers, and enterprise clients, leveraging its extensive logistic capabilities. Founded in 1980 and headquartered in San Antonio, Texas, Valero Energy Corporation significantly contributes to global energy supply chains while continuously adapting to changing regulatory and market dynamics.
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