Valero Energy Corptx (VLO) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Home SEC Filings Valero Energy Corptx (VLO) 10-K Annual Report Wed Feb 28 2018
Exhibit 99.01

Valero Energy Reports 2017 Fourth Quarter and Full Year Results

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Reported net income attributable to Valero stockholders of $2.4 billion, or $5.42 per share, for the fourth quarter and $4.1 billion, or $9.16 per share, for the year.
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Reported adjusted net income attributable to Valero stockholders of $509 million, or $1.16 per share, for the fourth quarter and $2.2 billion, or $4.96 per share, for the year.
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Invested $641 million of growth and sustaining capital for the fourth quarter and $2.4 billion for the year.
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Commissioned new 200,000 barrels per day Diamond Pipeline and Wilmington cogeneration unit in November.
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Returned $727 million in cash to stockholders through dividends and stock buybacks in the fourth quarter and $2.6 billion in the year.

SAN ANTONIO, February 1, 2018 – Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $2.4 billion, or $5.42 per share, for the fourth quarter of 2017 compared to $367 million, or $0.81 per share, for the fourth quarter of 2016. Excluding an income tax benefit of $1.9 billion, or $4.26 per share, that resulted from the Tax Cuts and Jobs Act of 2017 (Tax Reform), fourth quarter 2017 adjusted net income attributable to Valero stockholders was $509 million, or $1.16 per share. For the year ended December 31, 2017, net income attributable to Valero stockholders was $4.1 billion, or $9.16 per share, compared to $2.3 billion, or $4.94 per share for 2016. Excluding the income tax benefit for 2017 and other adjustments reflected in the accompanying earnings release tables for 2016, adjusted net income attributable to Valero stockholders for 2017 was $2.2 billion, or $4.96 per share, compared to $1.7 billion, or $3.72 per share, for 2016.

“We performed very well this year,” said Joe Gorder, Valero Chairman, President and Chief Executive Officer. “We achieved a number of operational performance records and delivered solid financial results.”



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The following information was filed by Valero Energy Corptx (VLO) on Thursday, February 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Form Type: 10-K Annual Report
Accession Number: 0001035002-18-000010
Submitted to the SEC: Wed Feb 28 2018 2:24:13 PM EST
Accepted by the SEC: Wed Feb 28 2018
Period: Sunday, December 31, 2017
Industry: Petroleum Refining

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