VLO 8-K Current Reports
VALERO ENERGY CORP/TX - 363 current reports
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (May 8, 2026)
Valero Energy Corporation (VLO) filed an 8-K on May 8, 2026, reporting key outcomes from its 2026 Annual Stockholder Meeting and an executive retirement. The meeting, held on May 7, 2026, saw the re-election of all director nominees with strong majority support from shareholders. Additionally, advisory votes to approve executive compensation and ratify the appointment of KPMG LLP as the independent auditor were also overwhelmingly approved. Notably, Eric A. Fisher, Senior Vice President of Product Supply, Trading and Wholesale, announced his intention to retire on or about July 1, 2026. Mr. Fisher will assist in the transition of his duties as part of Valero's succession planning. The company also formalized its non-employee director compensation by granting stock units valued at $200,000 each, vesting at the 2027 annual meeting, with an additional one-year holding period.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 30, 2026)
Valero Energy Corporation (VLO) has filed an 8-K report on April 30, 2026, to announce its first quarter financial and operating results for the period ended March 31, 2026. The full details of these results are provided in a press release furnished as part of this filing. Investors should refer to Exhibit 99.01 for the specific financial and operational metrics, as this 8-K primarily serves as a notification and filing mechanism for the earnings release.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Mar 9, 2026)
Valero Energy Corporation (VLO) announced the entry into a material definitive agreement on March 5, 2026, related to the issuance and sale of $850 million in aggregate principal amount of 5.150% Senior Notes due 2036. These notes are being offered under a shelf registration statement previously filed with the SEC, utilizing a prospectus supplement to provide specific terms of this offering. This move indicates Valero's strategy to secure long-term debt financing, likely to support ongoing operations, capital expenditures, or other strategic initiatives. Investors should note that the offering is expected to close on March 10, 2026. The filing provides details on the underwriting syndicate, which includes prominent financial institutions such as SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC. While this report details the agreement, it explicitly states it is not an offer to sell or a solicitation of an offer to buy securities, and such offers will be made only through a prospectus meeting the requirements of Section 10 of the Securities Act.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jan 29, 2026)
Valero Energy Corporation (VLO) has filed an 8-K report on January 29, 2026, to announce its financial and operating results for the fourth quarter ended December 31, 2025. The primary purpose of this filing is to furnish a press release containing these results, which is incorporated by reference as Exhibit 99.01. Investors should refer to the furnished press release for detailed information regarding Valero's performance in the fourth quarter of 2025. While this 8-K filing itself does not contain the specific financial metrics, it serves as the official notification that these results have been disclosed. The information is furnished, not filed, meaning it will not be automatically incorporated into future SEC registration statements unless explicitly stated.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Oct 29, 2025)
Valero Energy Corporation (VLO) has announced a significant leadership change in its finance department, effective January 1, 2026. Homer Bhullar, currently Vice President-Investor Relations and Finance, has been appointed Senior Vice President and Chief Financial Officer (CFO), succeeding Jason Fraser, who is retiring at the end of 2025. Mr. Bhullar's promotion reflects his extensive experience within Valero, including his role in investor relations, finance, and business development, as well as his prior background in energy investment banking. This transition is expected to be smooth given Mr. Bhullar's long tenure and deep understanding of the company's financial operations.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Oct 23, 2025)
Valero Energy Corporation (VLO) has filed a Current Report (8-K) on October 23, 2025, to announce its financial and operating results for the third quarter ended September 30, 2025. The core of this filing is the press release, furnished as Exhibit 99.01, which contains the detailed results and operational performance for the period. Investors should refer to this press release for specifics on revenue, earnings, operational efficiency, and any forward-looking guidance provided by the company. This report serves as a crucial update for shareholders and potential investors, offering insights into Valero's performance amidst current market conditions. While the 8-K itself is brief, its primary purpose is to make the Q3 earnings announcement publicly available, allowing for informed investment decisions. The information is furnished, not filed, meaning it does not automatically become part of the company's SEC registration statements unless explicitly incorporated.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Oct 16, 2025)
Valero Energy Corporation (VLO) has announced a significant amendment and restatement of its revolving credit agreement, extending its maturity to October 16, 2030. This move enhances the company's financial flexibility by providing access to a $4 billion credit facility, with the potential to increase it by an additional $1.5 billion. The extended maturity offers long-term certainty for funding general corporate purposes and supports Valero's ongoing operational and strategic initiatives. This refinancing demonstrates Valero's ability to secure favorable credit terms, with interest rates and commitment fees tied to its credit ratings from major agencies. The flexibility to adjust borrowing costs based on its financial health is a positive indicator for investors. The company's proactive management of its debt structure and liquidity position is crucial for maintaining its operational resilience and pursuing growth opportunities in the dynamic energy sector.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Sep 19, 2025)
Valero Energy Corporation (VLO) announced on September 19, 2025, a change to its Board of Directors. The board size was increased to 10 members with the election of Robert L. Reymond. Mr. Reymond has been appointed to serve on the Nominating and Corporate Governance Committee and is expected to stand for re-election at the 2026 annual meeting. This appointment is part of the company's ongoing governance and board composition strategies. As part of his appointment, Mr. Reymond will receive pro-rata compensation in line with Valero's non-employee director program. This includes an equity grant of 924 stock units vesting in one year and a pro-rata annual cash retainer of $97,500. These compensation arrangements are standard for new board members and reflect the company's commitment to attracting and retaining experienced leadership.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jul 24, 2025)
Valero Energy Corporation (VLO) has filed a Form 8-K on July 24, 2025, to announce its financial and operating results for the second quarter ended June 30, 2025. The primary purpose of this filing is to furnish a press release containing these results, which is incorporated by reference. Investors should refer to the accompanying press release (Exhibit 99.01) for detailed financial performance and operational updates for the quarter. This report serves as a notification of the Q2 2025 earnings release. While the filing itself is brief, the attached press release will contain crucial information regarding Valero's revenue, earnings per share, segment performance (such as refining, renewables, and marketing), cash flow generation, and any commentary from management on market conditions and future outlook. Investors are encouraged to review this press release thoroughly for a comprehensive understanding of the company's recent performance and strategic direction.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (May 9, 2025)
This 8-K filing from Valero Energy Corporation (VLO) primarily reports on the outcomes of its 2025 Annual Stockholder Meeting, held on May 6, 2025. Key events include the retirement of a director, Robert A. Profusek, and the overwhelmingly affirmative re-election of all director nominees. The filing details the voting results for director elections, the advisory vote on executive compensation, and the ratification of KPMG LLP as the independent auditor. Additionally, the report announces the implementation of a new stock unit award program for non-employee directors, effective May 6, 2025. Each re-elected non-employee director will receive stock units valued at $200,000, which are subject to vesting on the date of the 2026 annual meeting and an additional one-year holding period. This initiative aligns director compensation with long-term shareholder interests.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 24, 2025)
Valero Energy Corporation (VLO) filed an 8-K on April 24, 2025, to report its financial and operating results for the first quarter ended March 31, 2025. The press release detailing these results is furnished as an exhibit. Investors should review this press release for specific financial figures, operational performance metrics, and management's commentary on the quarter. While this 8-K primarily serves as a notification of the earnings release, the accompanying press release contains the substantive information regarding the company's performance. Key details to look for in the press release include revenue, net income, earnings per share (EPS), segment performance (e.g., Refining, Renewable Diesel, Ethanol), cash flow generation, and any forward-looking guidance or commentary on market conditions. Given the nature of the oil and gas industry, investors will be keen to understand factors influencing margins, production levels, and the company's strategic outlook in the current energy landscape.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 16, 2025)
Valero Energy Corporation (VLO) announced a significant operational shift in California, with its subsidiary intending to idle, restructure, or cease operations at the Benicia Refinery by the end of April 2026. This decision is part of a broader evaluation of strategic alternatives for Valero's California operations. The company has also recognized a substantial pre-tax impairment charge of $1.1 billion related to the Benicia and Wilmington refineries as of March 31, 2025. This charge is expected to be treated as a special item, excluding it from first quarter 2025 adjusted earnings. The impairment includes $337 million for asset retirement obligations, reflecting changes in the estimated timing of costs to retire these assets. Investors should monitor Valero's ongoing strategic review of its California assets and the potential impact of these decisions on future financial performance and regional supply dynamics.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Mar 18, 2025)
Valero Energy Corporation (VLO) has filed a Current Report on Form 8-K on March 17, 2025, to disclose an updated investor presentation. This presentation, available as Exhibit 99.01 and on the company's website, reflects management's current views and expectations for the company. While this filing is for informational purposes under Regulation FD and not a formal financial disclosure, investors should review the presentation for insights into Valero's forward-looking strategies and outlook. The report emphasizes that any forward-looking statements within the presentation are subject to the safe harbor provisions and that actual results may differ materially from projections due to various risk factors disclosed in VLO's SEC filings. Investors are encouraged to consult the full presentation and accompanying SEC filings for a comprehensive understanding of Valero's business and potential risks.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Feb 6, 2025)
Valero Energy Corporation (VLO) has announced the execution of a material definitive agreement to issue and sell $650 million in aggregate principal amount of 5.150% Senior Notes due 2030. The offering, which is registered under the Securities Act of 1933, is being made through a prospectus supplement and is expected to close on February 7, 2025. This action indicates Valero's strategy to raise capital through debt financing, likely to support its ongoing operations, strategic initiatives, or refinancing existing debt. Investors should note that the specifics of the use of proceeds are not detailed in this 8-K filing, but the issuance of senior notes is a common method for large corporations to secure funding. The fixed interest rate of 5.150% provides certainty regarding future interest expense. The significant principal amount suggests a material impact on the company's balance sheet and future cash flow obligations.
VALERO ENERGY CORP/TX 8-K Report, Corporate Update (Jan 30, 2025)
Valero Energy Corporation (VLO) has released preliminary unaudited financial and operating results for the fourth quarter and full year ended December 31, 2024. Investors should note that these figures are subject to change pending completion of the company's financial closing procedures and management review. The reported results indicate a significant decrease in revenue and net income for both the fourth quarter and the full year compared to the same periods in 2023. Specifically, for the fourth quarter of 2024, Valero reported net income attributable to stockholders of $281 million ($0.89 per share), a substantial drop from $1,202 million ($3.55 per share) in the prior year's fourth quarter. Full-year net income attributable to stockholders was $2.77 billion ($8.58 per share) in 2024, down from $8.84 billion ($24.93 per share) in 2023. A notable item impacting the income statement is a current income tax benefit of $79 million recognized in the fourth quarter of 2024, related to the IRS approval for second-generation biofuel tax credits. Despite the lower reported income, Valero's balance sheet as of December 31, 2024, shows total debt and finance lease obligations of $10.463 billion, a decrease from $11.524 billion in the prior year. Investors are advised to consult Valero's forthcoming Form 10-K for audited financial statements and a comprehensive analysis.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jan 30, 2025)
Valero Energy Corporation (VLO) has filed an 8-K report on January 30, 2025, announcing its fourth quarter and full-year 2024 financial and operating results. The report primarily references a press release issued on the same date, which contains the detailed financial performance metrics. Investors should refer to this press release for specific figures related to revenue, earnings, refining margins, and other operational achievements during the period. This filing serves as notification of the results, allowing investors to assess the company's recent performance against expectations and industry trends. Key performance indicators and any forward-looking statements or guidance will be found within the furnished press release, making it the primary source of actionable information for stakeholders evaluating VLO's current financial health and future outlook.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Oct 30, 2024)
Valero Energy Corporation announced a significant leadership transition with the upcoming retirement of Executive Chairman Joseph W. Gorder, effective December 31, 2024. This transition marks the end of Mr. Gorder's tenure as Executive Chairman and a member of the Board of Directors. In connection with this, the Board has elected current Chief Executive Officer and President, R. Lane Riggs, to assume the additional role of Chairman of the Board, also effective December 31, 2024. This leadership change is important for investors to note as it signifies a new chapter in the company's governance. Mr. Riggs will now hold both the CEO and Chairman titles, a common structure in corporate leadership that can streamline decision-making and strategic direction. The Board size will also be reduced from 11 to 10 directors following Mr. Gorder's retirement.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Oct 24, 2024)
Valero Energy Corporation (VLO) announced its third quarter 2024 financial and operating results via a press release filed on October 24, 2024. The filing itself, an 8-K, primarily serves to incorporate this press release by reference. Investors should refer to the press release (Exhibit 99.01) for detailed financial and operational performance metrics for the quarter ended September 30, 2024. This report does not contain the detailed financial results directly but points to the publicly issued press release for such information.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jul 25, 2024)
Valero Energy Corporation (VLO) has filed a Form 8-K, primarily announcing its second quarter 2024 financial and operating results via a press release dated July 25, 2024. Investors should review this press release for detailed performance metrics and financial condition updates. The filing itself is informational, providing notice of the earnings release and incorporating the press release by reference.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (May 20, 2024)
Valero Energy Corporation (VLO) filed an 8-K on May 19, 2024, detailing the outcomes of its 2024 Annual Meeting of Stockholders held on May 15, 2024. The report confirms the retirement of director Donald L. Nickles and provides detailed voting results for the election of directors, advisory approval of executive compensation, and ratification of the independent auditor. All director nominees received substantial support, with over 90% of votes cast in favor for each. Similarly, the advisory vote on executive compensation and the ratification of KPMG LLP as the independent auditor were overwhelmingly approved. In addition to the meeting results, Valero announced the implementation of a new compensation component for its non-employee directors. Effective May 15, 2024, each re-elected non-employee director received a stock unit award valued at $200,000. These stock units are designed to vest on the date of the 2025 annual meeting, aligning director interests with long-term shareholder value. This initiative is part of Valero's ongoing efforts to structure its director compensation program.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (May 1, 2024)
Valero Energy Corporation (VLO) has filed a Current Report (8-K) on May 1, 2024, primarily to disclose an updated investor presentation. This presentation, prepared for senior management's discussions, is incorporated by reference and will be accessible on Valero's website. While this filing does not contain new financial results or significant operational updates, it serves as a vehicle to disseminate updated forward-looking information and management's perspective to investors. Investors should review the attached presentation (Exhibit 99.01) for insights into Valero's current strategy, outlook, and key performance indicators. The company emphasizes that statements within the presentation are forward-looking and subject to risks and uncertainties. Investors are advised to consult Valero's other SEC filings, such as its 10-K and 10-Q reports, for a comprehensive understanding of potential factors that could cause actual results to differ from projections.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 25, 2024)
Valero Energy Corporation (VLO) filed an 8-K on April 25, 2024, to furnish a press release detailing its first quarter 2024 financial and operating results. While the 8-K itself does not contain the detailed financial figures, it directs investors to the furnished press release (Exhibit 99.01) for this critical information. This filing marks the official announcement of the company's Q1 performance, which is crucial for understanding its current operational strength, profitability, and any significant trends impacting its business. Investors should carefully review the press release referenced in this 8-K to gain insights into Valero's revenue, earnings per share, refining margins, product sales volumes, and any forward-looking guidance. The timing of this announcement is key, as it provides the most up-to-date performance metrics for the company following the end of the first quarter. The filing emphasizes that the information is furnished, not filed, meaning it doesn't automatically become part of the company's registration statements unless specifically incorporated.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jan 25, 2024)
Valero Energy Corporation (VLO) filed an 8-K on January 25, 2024, to report its financial and operating results for the fourth quarter ended December 31, 2023. The key details of these results are presented in a press release furnished as part of this filing. Investors should note that this information is furnished, not filed, meaning it will not automatically be incorporated into future SEC registration statements unless explicitly stated. While the specific financial figures are not detailed within the 8-K itself, the press release (Exhibit 99.01) contains the core information regarding the company's performance during the fourth quarter. Investors and interested parties should refer to this press release for comprehensive data on earnings, revenue, operational metrics, and any forward-looking statements or guidance provided by management.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Nov 13, 2023)
Valero Energy Corporation (VLO) announced the impending retirement of Senior Vice President and Chief Accounting Officer, Lawrence M. Schmeltekopf, effective around January 2, 2024. Mr. Schmeltekopf, 59, will assist in transitioning his duties internally as part of the company's succession planning. This report is filed under Item 5.02, pertaining to officer departures and appointments. While the departure of a key financial officer is noted, the company emphasizes its ongoing succession plan to ensure a smooth transition. Investors should monitor future filings for information regarding Mr. Schmeltekopf's replacement and any potential impact on financial reporting processes. Valero also includes a standard safe harbor statement, cautioning that actual results may differ from forward-looking statements due to various risk factors.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Oct 26, 2023)
Valero Energy Corporation (VLO) has filed an 8-K report on October 26, 2023, primarily announcing its financial and operating results for the third quarter ended September 30, 2023. This report, furnished via a press release (Exhibit 99.01), is crucial for investors seeking to understand the company's recent performance. While the 8-K itself does not contain detailed financial figures, it serves as the official notification and gateway to the comprehensive results disclosed in the accompanying press release.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Sep 15, 2023)
Valero Energy Corporation (VLO) announced two significant developments in its recent 8-K filing. Firstly, the company disclosed that Cheryl L. Thomas, Senior Vice President and Chief Technology Officer, intends to retire around January 2, 2024. Ms. Thomas will be engaged in transitioning her responsibilities internally as part of Valero's succession planning. Secondly, and of significant interest to investors, Valero's Board of Directors has authorized an additional share repurchase program. This new authorization allows for the purchase of up to $2.5 billion of Valero's common stock, with no expiration date. This program is in addition to any remaining amount available under a prior $2.5 billion authorization approved in February 2023. This substantial buyback authorization signals the company's confidence in its financial position and its commitment to returning value to shareholders.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jul 27, 2023)
Valero Energy Corporation (VLO) filed an 8-K on July 27, 2023, primarily to furnish its second-quarter 2023 earnings press release. The report itself does not contain new financial details but directs investors to the accompanying press release for the Q2 results. This filing is standard procedure for companies announcing quarterly earnings and provides investors with the official financial and operational performance data for the period ended June 30, 2023. Investors should refer to the furnished press release (Exhibit 99.01) for detailed information on Valero's financial condition and operational results for the second quarter of 2023. This includes key metrics such as revenue, net income, earnings per share, and segment performance, as well as management's commentary on the operating environment and outlook. The filing notes that this information is furnished, not filed, meaning it's not automatically incorporated into future SEC filings unless specifically stated.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Jul 21, 2023)
Valero Energy Corporation (VLO) announced a key executive promotion and associated compensation adjustments in a recent 8-K filing. Gary K. Simmons, previously Executive Vice President and Chief Commercial Officer, has been promoted to Executive Vice President and Chief Operating Officer, effective July 20, 2023. This move signifies a shift in operational leadership within the company. The compensation adjustments reflect the increased responsibilities of Mr. Simmons's new role. His annualized base salary has been raised to $900,000, and his long-term incentive (LTI) award target percentage has been significantly increased to 450% for the latter half of 2023. A transitional LTI award of approximately $802,188 was also granted to bridge the compensation difference due to the mid-year promotion, comprising both restricted and performance shares with terms aligned to previous grants. The bonus target percentage remains unchanged at 100%.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (May 12, 2023)
Valero Energy Corporation's (VLO) 8-K filing on May 11, 2023, primarily details significant leadership transitions and outcomes from its annual shareholder meeting. Effective June 30, 2023, current CEO and Chairman Joseph W. Gorder will transition to Executive Chairman, while President and COO R. Lane Riggs will assume the roles of CEO and President. This transition includes adjustments to their compensation packages, with Riggs receiving an increased base salary, bonus target, and long-term incentive awards, while Gorder's base salary will be reduced. The filing also reports the results of Valero's annual meeting held on May 9, 2023, where all incumbent directors were re-elected with strong shareholder support, and the appointment of KPMG LLP as the independent auditor was ratified. Shareholders also overwhelmingly voted to hold advisory votes on executive compensation annually.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 27, 2023)
Valero Energy Corporation (VLO) has filed an 8-K report on April 27, 2023, primarily to furnish its first-quarter 2023 earnings press release. While the 8-K itself does not contain detailed financial data, it directs investors to the press release (Exhibit 99.01) for the company's financial and operating results for the quarter ended March 31, 2023. Investors seeking specific performance metrics, profitability, and operational updates should refer to this furnished press release. This filing indicates that the company has met its disclosure obligations for the quarter's results. The information is being furnished, meaning it is not officially filed with the SEC in the same way as audited financial statements, and thus will not be automatically incorporated into future SEC filings unless explicitly stated by the company. Investors should consider this press release as the primary source for Q1 2023 performance insights.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jan 26, 2023)
Valero Energy Corporation (VLO) announced its fourth quarter and full-year 2022 financial and operating results on January 26, 2023. The 8-K filing primarily serves to furnish the press release detailing these results. While the 8-K itself does not contain the detailed financial figures, it directs investors to the accompanying press release (Exhibit 99.01) for a comprehensive overview of the company's performance during the period. Investors should review the press release for specific metrics on revenue, earnings, cash flow, and operational achievements. This filing is crucial for understanding Valero's recent financial health and operational execution. The furnished press release will likely contain management's commentary on market conditions, operational efficiency, capital allocation strategies, and outlook for the upcoming periods. Therefore, for a thorough understanding of VLO's financial standing and future prospects, the content of the January 26, 2023 press release is of paramount importance.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Nov 22, 2022)
Valero Energy Corporation (VLO) has entered into a Fifth Amended and Restated Revolving Credit Agreement, significantly enhancing its financial flexibility. This agreement, dated November 22, 2022, extends the maturity date of its revolving credit facility from March 19, 2024, to November 22, 2027. The total principal amount available under this facility remains at $4,000,000,000, with the potential for an additional $1,500,000,000, bringing the total commitment up to $5,500,000,000. This extension provides Valero with a longer-term, stable source of liquidity for general corporate purposes, which is crucial for managing operations and potential investments in the dynamic energy sector. The terms of the credit facility include interest rates tied to SOFR or Alternate Base Rate, with margins dependent on the company's credit ratings, and various commitment and participation fees. The agreement also contains standard covenants and events of default, reflecting a typical credit arrangement for a company of Valero's scale.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Oct 31, 2022)
Valero Energy Corporation (VLO) has filed an 8-K report detailing a change in its board of directors. The company announced on October 28, 2022, that it increased the size of its Board to 12 members and elected Marie A. Ffolkes as a new director. Ms. Ffolkes' term will expire at the 2023 annual meeting of stockholders, and she is expected to stand for re-election. She has also been appointed to the Nominating and Corporate Governance Committee. As part of her appointment, Ms. Ffolkes will receive compensation in line with Valero's non-employee director compensation program. This includes a pro-rata equity grant of 1,047 stock units, vesting one year from the grant date, and a pro-rata annual cash retainer of $86,666.67. This filing also incorporates by reference a press release dated October 31, 2022, which announced these board changes.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Oct 25, 2022)
Valero Energy Corporation (VLO) filed an 8-K on October 25, 2022, to report its financial and operating results for the third quarter ended September 30, 2022. The key takeaway for investors is the release of the Q3 2022 earnings press release, which is furnished as an exhibit to this filing. This document contains the company's performance metrics, including revenue, earnings per share, and operational details, crucial for assessing the company's recent financial health and operational efficiency. While the 8-K itself is brief, its primary purpose is to officially disseminate the Q3 earnings announcement. Investors should review the furnished press release (Exhibit 99.01) for comprehensive details on Valero's performance, including profitability, segment performance (e.g., Refining, Renewable Diesel, Ethanol), and any forward-looking statements or guidance provided by management. This filing serves as the official notification of these results to the market.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Sep 26, 2022)
Valero Energy Corporation (VLO) announced prospective changes to its executive compensation program, as approved by its Human Resources and Compensation Committee. These modifications aim to better align executive pay with company performance and incorporate feedback from shareholder engagement. Key adjustments include revisions to the peer group used for benchmarking compensation and modifications to the long-term incentive program, specifically concerning performance shares. The company is updating its compensation comparator group by removing Ford Motor Company and adding LyondellBasell Industries N.V., Raytheon Technologies Corporation, and Lockheed Martin Corporation. Additionally, LyondellBasell will be included in the performance peer group for measuring relative Total Stockholder Return (TSR). These changes, effective for future compensation decisions, are designed to reflect current industry dynamics and shareholder expectations for executive pay.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jul 28, 2022)
Valero Energy Corporation (VLO) announced its second quarter 2022 financial and operating results on July 28, 2022. This 8-K filing primarily serves to furnish the accompanying press release, which details the company's performance during the period ended June 30, 2022. Investors should refer to the press release (Exhibit 99.01) for the specific financial and operational metrics, as this 8-K does not contain the detailed results directly.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Jul 7, 2022)
Valero Energy Corporation (VLO) announced a significant capital allocation decision via an 8-K filing on July 7, 2022. The company's Board of Directors has authorized a new share repurchase program valued at up to $2.5 billion. This new authorization effectively replaces the prior program initiated in January 2018, under which Valero had repurchased approximately 45.4 million shares of its common stock. This move signals management's confidence in the company's financial position and its commitment to returning value to shareholders.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Jun 1, 2022)
Valero Energy Corporation (VLO) filed an 8-K on May 31, 2022, to announce an update to its investor presentation. The primary purpose of this filing is to provide investors with access to management's latest presentation materials, which are attached as Exhibit 99.01. These materials are intended to offer insights into the company's current performance, strategic outlook, and financial expectations. While this filing does not contain specific financial results or operational updates, it serves as a crucial channel for Valero to communicate forward-looking information and management's perspectives directly to the investment community. Investors are encouraged to review the attached presentation for a comprehensive understanding of Valero's business and future prospects, as management's statements within this presentation may include forward-looking statements subject to safe harbor provisions.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (May 4, 2022)
Valero Energy Corporation's (VLO) May 3, 2022, 8-K filing primarily details the outcomes of its 2022 annual stockholders' meeting held on April 28, 2022. Key events include the retirement of director Stephen M. Waters and the re-election of all incumbent directors with strong majority support. The company also successfully ratified the appointment of KPMG LLP as its independent registered public accounting firm and approved the advisory vote on executive compensation. Notably, a shareholder proposal requesting detailed greenhouse gas emissions reduction targets and a plan was not approved. Additionally, Valero announced that its non-employee directors, upon re-election, received stock units valued at $200,000 each, which will become nonforfeitable on the date of the 2023 annual meeting, representing the equity component of their compensation.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Apr 26, 2022)
Valero Energy Corporation (VLO) filed an 8-K on April 26, 2022, to report its first-quarter financial and operating results for the period ended March 31, 2022. The primary driver of this filing is the press release (Exhibit 99.01) detailing these results, which provides investors with key performance indicators and financial metrics for the quarter. While this 8-K itself is largely procedural, the press release it incorporates by reference is crucial for understanding the company's recent performance and outlook.
VALERO ENERGY CORP/TX 8-K Report, Bylaw Amendment (Mar 18, 2022)
Valero Energy Corporation (VLO) announced on March 17, 2022, that its Board of Directors approved amendments to its Bylaws, effective March 15, 2022. These changes are largely technical and primarily involve renaming two key committees to better reflect their functions. The "Nominating/Governance and Public Policy Committee" has been renamed the "Nominating and Corporate Governance Committee," and the "Compensation Committee" is now the "Human Resources and Compensation Committee." These amendments are not expected to materially impact the company's operations or financial performance. Investors should note that these changes are administrative in nature and do not represent a shift in strategic direction or governance structure beyond the committee name adjustments. The full details of the Amended and Restated Bylaws and a marked comparison are available as exhibits to this filing.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Feb 7, 2022)
Valero Energy Corporation (VLO) announced on February 7, 2022, the successful issuance and sale of $650 million in aggregate principal amount of 4.000% Senior Notes due 2052. This offering was conducted under an underwriting agreement with several prominent financial institutions, including J.P. Morgan Securities LLC, BofA Securities, Inc., Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC, acting as representatives for the underwriters. These senior notes were issued pursuant to an existing Indenture dated March 10, 2015, with U.S. Bank Trust Company, National Association, serving as trustee. The offering was registered under the Securities Act of 1933, leveraging a Form S-3 registration statement and a prospectus supplemented with details specific to this debt issuance. This action represents a material definitive agreement for the company, indicating a strategic move to secure long-term financing.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jan 27, 2022)
Valero Energy Corporation (VLO) filed an 8-K on January 27, 2022, to report its fourth quarter and full-year 2021 financial and operating results. The key takeaway for investors is the release of their earnings announcement, which provides detailed performance metrics and forward-looking statements that are crucial for assessing the company's current financial health and future prospects. The press release, furnished as an exhibit, contains the specific financial figures and operational highlights investors should scrutinize. While the 8-K itself is a brief filing document, it directs investors to the accompanying press release for substantive information. This press release will detail revenues, earnings per share (EPS), operating margins, cash flows, and other key performance indicators relevant to the refining and marketing industry. Investors should pay close attention to any commentary on market conditions, refining margins, production volumes, and capital allocation strategies discussed in the press release to understand Valero's performance in the context of the broader energy market.
VALERO ENERGY CORP/TX 8-K Report, Material Agreement (Nov 29, 2021)
Valero Energy Corporation (VLO) announced the successful closing of a public offering of senior notes, raising a total of $1.45 billion. This offering comprises $500 million in 2.800% Senior Notes due 2031 and $950 million in 3.650% Senior Notes due 2051. These notes were issued under an existing indenture and were registered with the SEC under a Form S-3 registration statement. The primary purpose of this filing is to disclose the material definitive agreement related to this debt issuance. The proceeds from this offering will be used by Valero for general corporate purposes, although specific use cases are not detailed in this particular filing. This move represents a significant capital raise for the company through the debt markets.
VALERO ENERGY CORP/TX 8-K Report, Corporate Update (Nov 22, 2021)
Valero Energy Corporation (VLO) announced on November 22, 2021, through an 8-K filing, the execution of an underwriting agreement to issue and sell a significant amount of senior notes. This offering comprises $500 million in 2.800% Senior Notes due 2031 and $950 million in 3.650% Senior Notes due 2051, totaling $1.45 billion in aggregate principal amount. These notes are being issued under the company's existing indenture and were registered with the SEC under a Form S-3 registration statement. The primary purpose of this filing is to inform investors about the details of this debt offering. The company is leveraging the capital markets to raise substantial funds through long-term debt. The closing of this transaction is anticipated on November 29, 2021. Investors should note that this filing details the terms of the debt issuance and is not an offer to sell or a solicitation of an offer to buy these securities, which are being offered via a prospectus.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Nov 18, 2021)
Valero Energy Corporation (VLO) announced on November 18, 2021, a cash tender offer to repurchase its outstanding debt. The offer includes any and all of its 2.700% Senior Notes due 2023 and up to a maximum of $1,000,000,000 for several other series of senior notes due between 2024 and 2037, including notes issued by Valero Energy Partners LP that are guaranteed by the company. This debt tender offer indicates a strategic move by Valero to manage its capital structure and potentially reduce interest expenses. Investors should pay close attention to the terms and conditions outlined in the Offer to Purchase, as the success and pricing of this offer will impact the company's leverage and future interest payments. The filing primarily consists of the press release detailing this tender offer, with no other significant financial updates.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Oct 21, 2021)
Valero Energy Corporation (VLO) has filed a Current Report on Form 8-K, primarily to furnish its press release detailing the third quarter 2021 financial and operating results. This filing serves as the official communication channel for the company's performance during the period ending September 30, 2021. Investors should note that the information furnished is not considered "filed" for the purposes of securities law unless explicitly incorporated into a registration statement, meaning it doesn't automatically become part of future SEC filings. The key takeaway for investors is to review the accompanying press release (Exhibit 99.01) which contains the detailed financial and operational metrics for the quarter. This includes revenue, earnings, and other operational performance indicators relevant to the refining and ethanol segments of Valero's business. While the 8-K itself is a procedural filing, the press release it references is the substantive document containing the critical data points for evaluating Valero's recent performance and outlook.
VALERO ENERGY CORP/TX 8-K Report, Executive Changes (Sep 17, 2021)
Valero Energy Corporation (VLO) announced an expansion of its Board of Directors, increasing its size to 12 members with the election of Fred M. Diaz. Mr. Diaz's appointment is effective immediately, with his initial term extending to the 2022 annual meeting of stockholders. He has also been appointed to the Nominating/Governance and Public Policy Committee, indicating his active role in board functions from the outset. Investors should note that Mr. Diaz will receive pro-rata compensation for his service, including an equity grant of 2,021 stock units vesting in one year and a pro-rata annual cash retainer of $86,666.67. This filing also includes a press release reiterating these points and contains forward-looking statements with customary disclaimers regarding potential deviations from expected outcomes.
VALERO ENERGY CORP/TX 8-K Report, Regulation FD Disclosure (Sep 9, 2021)
Valero Energy Corporation (VLO) filed an 8-K on September 9, 2021, to disclose an updated investor presentation. This presentation, incorporated as Exhibit 99.01, likely covers key business updates, strategic initiatives, and financial outlook. While the 8-K itself does not contain specific financial or operational data, investors should review the accompanying presentation for details on the company's forward-looking statements, particularly concerning low-carbon projects, greenhouse gas (GHG) emissions reduction targets for 2025 and 2035, future capital expenditures, and expected project completion timelines. The presentation also highlights potential impacts on financial performance and management's outlook on future business plans, safety, environmental, and overall operating performance. Investors are reminded that these are forward-looking statements, and actual results may differ materially.
VALERO ENERGY CORP/TX 8-K Report, Financial Results (Jul 29, 2021)
Valero Energy Corporation (VLO) filed an 8-K on July 29, 2021, to announce its second quarter financial and operating results for the period ended June 30, 2021. This report primarily serves to furnish the press release detailing these results, which is attached as Exhibit 99.01. Investors should refer to this press release for comprehensive details on the company's performance during the quarter. It is important to note that the information furnished in this 8-K, including the press release, is not formally filed with the SEC and will not be automatically incorporated into future registration statements unless explicitly stated by the company.