Valero Energy (VLO) Balance Sheet: Assets & Liabilities

Valero Energy (VLO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Valero Energy reported total assets of $57.99B and total liabilities of $31.38B. Shareholders' equity was $23.73B, down 3.2% from $24.51B a year earlier. Total debt stood at $11.70B against $4.69B in cash and short-term investments, a net debt position of $7.01B. That puts debt-to-equity at 0.49, compared with 0.43 a year earlier.

Valero Energy Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Valero Energy Corporation (VLO) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	4.69	4.66	5.42	4.86	4.12	3.31	2.58	2.98	5.85
Cash & Short-Term Investments	4.69	4.66	5.42	4.86	4.12	3.31	2.58	2.98	5.85
Accounts Receivable	9.88	9.73	12.53	11.92	9.97	6.11	8.90	7.35	6.92
Inventory	7.59	7.76	7.58	6.75	6.27	6.04	7.01	6.53	6.38
Other Current Assets	1.05	0.61	0.69	0.60	0.40	0.38	0.39	0.82	0.16
Total Current Assets	23.21	23.74	26.22	24.13	21.17	15.84	18.97	17.68	19.31
Non-Current Assets
Property, Plant & Equipment (Net)	28.69	30.41	31.35	30.98	32.13	31.59	30.59	28.85	27.48
Long-Term Investments	0.68	0.70	0.71	0.72	0.73	0.97	0.94	0.54	0.53
Goodwill	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.00
Intangible Assets	0.12	0.15	0.18	0.20	0.22	0.25	0.28	0.31	0.14
Other Non-Current Assets	5.02	1.16	4.33	5.87	0.94	2.86	2.82	2.52	2.69
Total Non-Current Assets	34.78	36.41	36.84	36.85	36.72	35.93	34.90	32.48	30.85
Total Assets	57.99	60.14	63.06	60.98	57.89	51.77	53.86	50.16	50.16
Current Liabilities
Accounts Payable	10.14	12.09	12.57	12.73	12.50	6.08	10.21	8.59	8.35
Short-Term Debt	1.37	0.74	1.77	0.86	1.26	1.01	0.83	0.24	0.12
Current Portion of Long-Term Debt	0.95	0.74	1.41	1.11	1.26	-	-	-	-
Accrued Liabilities	0.84	0.55	1.24	1.22	0.78	-	-	-	-
Deferred Revenue	0.06	0.08	0.04	0.13	0.08	0.06	0.06	0.03	0.00
Other Current Liabilities	2.54	0.67	0.84	2.41	0.86	0.65	0.56	0.60	0.71
Total Current Liabilities	14.11	15.50	16.80	17.46	16.85	9.28	13.16	10.72	11.07
Non-Current Liabilities
Long-Term Debt	10.34	9.72	10.87	10.53	12.61	14.84	10.14	8.87	8.75
Deferred Tax Liabilities	5.15	5.27	5.35	5.22	5.21	5.28	5.10	4.96	4.71
Other Non-Current Liabilities	1.79	0.43	1.51	7.53	0.86	2.74	2.93	2.87	2.73
Total Non-Current Liabilities	17.27	17.13	17.73	18.05	21.22	22.85	18.17	16.70	16.19
Total Liabilities	31.38	32.62	34.53	35.51	38.07	32.13	31.33	27.42	27.26
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	47.96	47.02	45.63	38.25	28.28	28.95	31.97	31.04	29.20
Accumulated Other Comprehensive Income	0.00	-1.27	-0.87	-1.36	-1.01	-1.25	-1.35	-1.51	-0.94
Treasury Stock	30.75	28.18	25.32	20.20	15.68	-	-	-	-
Additional Paid-in Capital	23.73	6.94	-18.42	6.86	6.83	-8.91	-8.83	-7.88	-6.28
Minority Interest	2.88	3.01	2.18	1.91	1.39	0.84	0.73	1.06	0.91
Shares Outstanding	0.30	0.31	0.33	0.37	0.41	-	-	-	-
Total Stockholders' Equity	23.73	24.51	26.35	25.47	18.43	18.80	21.80	21.67	21.99
Total Liabilities & Equity	47.50	60.14	63.06	60.98	57.89	51.77	53.86	50.16	50.16

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Valero Energy Balance Sheet

How much debt does Valero Energy have?

Valero Energy had total debt of $11.70B as of Dec 31, 2025, against $4.69B in cash and short-term investments. Its debt-to-equity ratio was 0.49. Total debt was $10.46B a year earlier.

What are Valero Energy's total assets?

Valero Energy reported total assets of $57.99B as of Dec 31, 2025, down 3.6% from $60.14B a year earlier. Total liabilities were $31.38B.

What is Valero Energy's shareholders' equity?

Valero Energy's shareholders' equity was $23.73B as of Dec 31, 2025, or about $79.36 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition