The company said Valero stockholders' net income for Q4 2023 was $1.2 billion ($3.55 per share), lower than $3.1 billion ($8.15 per share) for Q4 2022, and for the full year 2023 was $8.8 billion ($24.92 per share), compared with $11.5 billion ($29.04 per share) for 2022.

1. 01

   The company said Valero stockholders' net income for Q4 2023 was $1.2 billion ($3.55 per share), lower than $3.1 billion ($8.15 per share) for Q4 2022, and for the full year 2023 was $8.8 billion ($24.92 per share), compared with $11.5 billion ($29.04 per share) for 2022.

2. 02

   Valero said operating income for Q4 2023 was $1.6 billion in Refining ($4.3 billion for Q4 2022), $84 million in Renewable Diesel ($261 million in the same period), and $190 million in Ethanol ($7 million in the same period).

3. 03

   The company said net cash provided by operating activities for 2023 was $9.2 billion, including an unfavorable impact of $2.3 billion from working capital, and that it returned a total of more than $6.6 billion to shareholders, including $5.2 billion in stock buybacks and $1.5 billion in dividends.

4. 04

   The company said it ended 2023 with total debt of $9.2 billion, finance lease obligations of $2.3 billion, and cash and cash equivalents of $5.4 billion, and that it raised its quarterly cash dividend on common stock from $1.02 per share to $1.07 per share on January 18, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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