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Valero Energy Corptx (VLO) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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Valero Energy Corptx

CIK: 1035002 Ticker: VLO
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Exhibit 99.01


Valero Energy Reports Second Quarter 2022 Results

Reported net income attributable to Valero stockholders of $4.7 billion, or $11.57 per share
Reported adjusted net income attributable to Valero stockholders of $4.6 billion, or $11.36 per share
Reduced debt by $300 million through the acquisition of the 4.00 percent Gulf Opportunity Zone Revenue Bonds (GO Zone Bonds), reducing Valero’s debt by $2.3 billion since the second half of 2021

SAN ANTONIO, July 28, 2022 – Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $4.7 billion, or $11.57 per share, for the second quarter of 2022, compared to $162 million, or $0.39 per share, for the second quarter of 2021. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $4.6 billion, or $11.36 per share, for the second quarter of 2022, compared to $260 million, or $0.63 per share, for the second quarter of 2021.

“We continue to maximize refinery run rates, while executing our long-standing commitment to safe, reliable and environmentally responsible operations,” said Joe Gorder, Valero Chairman and Chief Executive Officer. “Our refinery utilization rate increased from the pandemic low of 74 percent in the second quarter of 2020 to 94 percent in the second quarter of 2022.”

Refining
The Refining segment reported operating income of $6.2 billion for the second quarter of 2022, compared to $349 million for the second quarter of 2021. Adjusted operating income was $6.1 billion for the second quarter of 2022, compared to $442 million for the second quarter of 2021. Refining throughput volumes averaged 3.0 million barrels per day in the second quarter of 2022, which was 127 thousand barrels per day higher than the second quarter of 2021.

Renewable Diesel
The Renewable Diesel segment, which consists of the Diamond Green Diesel (DGD) joint venture, reported $152 million of operating income for the second quarter of 2022, compared to $248 million for the second quarter of 2021. Renewable diesel sales volumes averaged
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The following information was filed by Valero Energy Corptx (VLO) on Thursday, July 28, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Valero Energy Corptx's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Valero Energy Corptx's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Equity (Unaudited)
Consolidated Statements Of Equity (Unaudited) (Parenthetical)
Consolidated Statements Of Income (Unaudited)
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (Policies)
Debt
Debt (Tables)
Debt, Activity Under Credit Facilities (Details)
Debt, Credit Facilities (Details)
Debt, Interest Incurred (Details)
Debt, Public Debt (Details)
Earnings (Loss) Per Common Share
Earnings (Loss) Per Common Share (Details)
Earnings (Loss) Per Common Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Equity
Equity (Tables)
Equity, Changes In Accumulated Other Comprehensive Loss (Details)
Equity, Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements, Nonrecurring (Details)
Fair Value Measurements, Other Financial Instruments (Details)
Fair Value Measurements, Recurring (Details)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Details) (Narrative)
Inventories (Tables)
Price Risk Management Activities
Price Risk Management Activities (Details)
Price Risk Management Activities (Tables)
Price Risk Management Activities, Effect Of Derivative Instruments On Income And Other Comprehensive Income (Loss) (Details)
Price Risk Management Activities, Hedging Instruments By Consolidated Balance Sheet Location (Details)
Property, Plant, And Equipment
Property, Plant, And Equipment (Details)
Revenues And Segment Information
Revenues And Segment Information (Tables)
Revenues And Segment Information, Assets (Details)
Revenues And Segment Information, Components Of Operating Income (Loss) (Details)
Revenues And Segment Information, Contract Balances (Details)
Revenues And Segment Information, Disaggregation Of Revenue By Product (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Details)
Supplemental Cash Flow Information (Tables)
Uncertainties
Variable Interest Entities
Variable Interest Entities (Details)
Variable Interest Entities (Details) (Narrative)
Variable Interest Entities (Tables)

Material Contracts, Statements, Certifications & more

Valero Energy Corptx provided additional information to their SEC Filing as exhibits

Ticker: VLO
CIK: 1035002
Form Type: 10-Q Quarterly Report
Accession Number: 0001035002-22-000044
Submitted to the SEC: Thu Jul 28 2022 3:19:01 PM EST
Accepted by the SEC: Thu Jul 28 2022
Period: Thursday, June 30, 2022
Industry: Petroleum Refining

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