Valero Energy authorized an additional $5 billion share repurchase program on July 16, 2026. The move allows the company to buy back shares, potentially increasing earnings per share and returning value to stockholders.

Board Approval

The authorization was granted by Valero Energy's Board of Directors. This new allocation adds to the company's existing capacity to repurchase its common stock.

Program Details

The total amount authorized under the new program is $5 billion. The repurchases may be made from time to time through open market transactions or privately negotiated deals, subject to market conditions.

Valero Energy Corporation has declared a regular quarterly cash dividend of $1.20 per share on its common stock, providing income to shareholders as the company maintains its refining and renewable fuel operations. The dividend will be paid on August 31, 2026, to stockholders of record as of the close of business on July 31, 2026.

Operational Overview

Valero Energy Corporation, through its subsidiaries, is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. The company sells its products primarily in the United States, Canada, the United Kingdom, Ireland, and Latin America.

Refining and Production Capacity

Valero operates 14 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3.0 million barrels per day. The company manages its operations through its Refining, Renewable Diesel, and Ethanol segments.

Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. The company also owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.7 billion gallons per year.