Valero Energy Corporation (VLO) Revenue by Segment

Valero Energy revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Valero Energy's largest business segment was Refining, with $42.30 billion or 95% of revenue, up 49.3% from a year earlier. Next: Renewable Diesel (3%) and Ethanol (2%).

By product or service, Distillates brought in 47%, Gasoline and Blendstocks brought in 39% and Manufactured Product, Other brought in 9% of revenue in Q2 fiscal 2026.

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Valero Energy Corporation

VLOEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

RefiningEthanolRenewable DieselVlpCorporate and other

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Refining	USD 42.30B	95.1%	+49.3%
Renewable Diesel	USD 1.18B	2.6%	+108.1%
Ethanol	USD 1.00B	2.2%	+0.0%

Sum of items USD 44.48B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Refining	42.3B	30.8B	28.7B	30.4B	28.3B	28.8B	29.3B	31.3B	33.0B	30.1B	33.5B	36.5B	32.0B	34.4B	39.6B	42.3B	49.5B	36.8B	33.5B	28.0B	26.0B	19.5B	15.5B	14.7B	9.6B	21.0B	26.6B	26.1B	27.7B	23.2B	27.7B	29.9B	30.0B	25.5B	–	22.7B
Ethanol	1.0B	865.0M	978.0M	1.0B	1.0B	1.0B	900.0M	912.0M	892.0M	914.0M	1.0B	1.1B	1.2B	1.1B	1.1B	1.2B	1.3B	1.1B	1.7B	1.2B	1.3B	985.0M	886.0M	777.0M	543.0M	811.0M	958.0M	891.0M	964.0M	793.0M	857.0M	864.0M	884.0M	877.0M	–	834.0M
Renewable Diesel	1.2B	711.0M	731.0M	719.0M	565.0M	493.0M	522.0M	632.0M	554.0M	702.0M	833.0M	759.0M	1.3B	935.0M	1.1B	967.0M	855.0M	595.0M	684.0M	342.0M	496.0M	352.0M	205.0M	305.0M	239.0M	306.0M	284.0M	212.0M	222.0M	252.0M	–	105.0M	106.0M	108.0M	–	–
Vlp	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	139.0M	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0M	1.0M	1.0M	1.0M	–	–

Valero Energy revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refining	$42.3B	$30.8B	$30.4B	$28.3B	95%
Renewable Diesel	$1.2B	$711.0M	$719.0M	$565.0M	3%
Ethanol	$1.0B	$865.0M	$1.0B	$1.0B	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Valero Energy revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Distillates	$20.7B	$15.5B	$14.6B	$12.8B	47%
Gasoline and Blendstocks	$17.4B	$12.4B	$13.3B	$12.7B	39%
Manufactured Product, Other	$4.2B	$2.9B	$2.5B	$2.8B	9%
Renewable Diesel Product	$1.1B	$566.0M	$623.0M	$470.0M	2%
Ethanol Product	$789.0M	$676.0M	$823.0M	$780.0M	2%
Distillers Grains	$211.0M	$189.0M	$212.0M	$220.0M	under 1%
Neat SAF	$80.0M	$108.0M	$67.0M	$49.0M	under 1%
Renewable Naphtha Product	$39.0M	$37.0M	$29.0M	$46.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Valero Energy's business segments?

Refining, Renewable Diesel and Ethanol (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Valero Energy?

Refining: $42.30 billion, or 95% of revenue, in Q2 fiscal 2026.

What are Valero Energy's main products and services?

By revenue in Q2 fiscal 2026: Distillates (47%), Gasoline and Blendstocks (39%), Manufactured Product, Other (9%) and Renewable Diesel Product (2%).

MoreValero Energy stock overview Valero Energy financials Valero Energy executive team Valero Energy shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.