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Valero Energy Corporation
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Valero Energy Corporation's Revenue by Segment

In fiscal year 2025, Valero Energy Corporation's revenue by segment (products & services) are as follows:

  • Ethanol: $4.98 B
  • Refining: $116.17 B

Learn more about Valero Energy Corporation’s Revenue by Geography

Check out competitors to Valero Energy Corporation in a side-by-side comparison.

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The above chart shows Valero Energy Corporation's revenue percentage share by segment (products and services).

In fiscal year 2023, Valero Energy Corporation's revenue by segment is as follows:

  • Refining generated $136.49 B in revenue, representing 95.13% of its total revenue.
  • Renewable Diesel generated $6.99 B in revenue, representing 4.87% of its total revenue.

The biggest segment for Valero Energy Corporation is the Refining, which represents 95.13% of its total revenue.
The smallest segment for Valero Energy Corporation is the Renewable Diesel, which represents 4.87% of its total revenue.

The above chart shows Valero Energy Corporation's revenue percentage share by segment (products and services).

In fiscal year 2024, Valero Energy Corporation's revenue by segment is as follows:

  • Refining generated $123.86 B in revenue, representing 96.07% of its total revenue.
  • Renewable Diesel generated $5.07 B in revenue, representing 3.93% of its total revenue.

The biggest segment for Valero Energy Corporation is the Refining, which represents 96.07% of its total revenue.
The smallest segment for Valero Energy Corporation is the Renewable Diesel, which represents 3.93% of its total revenue.

The above chart shows Valero Energy Corporation's revenue percentage share by segment (products and services).

In fiscal year 2025, Valero Energy Corporation's revenue by segment is as follows:

  • Ethanol generated $4.98 B in revenue, representing 4.11% of its total revenue.
  • Refining generated $116.17 B in revenue, representing 95.89% of its total revenue.

The biggest segment for Valero Energy Corporation is the Refining, which represents 95.89% of its total revenue.
The smallest segment for Valero Energy Corporation is the Ethanol, which represents 4.11% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Refining 95.13% 96.07% 95.89%
Renewable Diesel 4.87% 3.93% -
Ethanol - - 4.11%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Valero Energy Corporation.

In fiscal year 2025, the Refining generated the most revenue ($116.17 B), and the Ethanol generated the least revenue ($4.98 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Ethanol revenue increased 100% ($4.98 B) from $0.00 (in 2024) to $4.98 B (in 2025).
  • Refining revenue decreased -6.21% ($7.70 B) from $123.86 B (in 2024) to $116.17 B (in 2025).
  • Renewable Diesel revenue decreased -100% ($5.07 B) from $5.07 B (in 2024) to $0.00 (in 2025).
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    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Ethanol - - - - $4.98 B -
    Refining $136.49 B - $123.86 B
    9.25%
    		$116.17 B
    6.21%
    Renewable Diesel $6.99 B - $5.07 B
    27.54%
    		- -
    Total Revenue $144.77 B - $129.88 B
    10.28%
    		$122.69 B
    5.54%

    Frequently Asked Questions

    What was Valero Energy Corporation's largest product segment last year?

    In fiscal year 2025, Refining revenue reached $116.17 Billion, representing 95.89% of Valero Energy Corporation's total revenue and making it the largest segment for the company.

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