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![VALERO ENERGY CORP/TX [VLO] reports annual net loss of $9.1 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FVLO.png&w=1200&q=75)
VALERO ENERGY CORP/TX [VLO] has reported a net loss of $9.1 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $144.8 billion
Based in SAN ANTONIO, Texas, VALERO ENERGY CORP/TX operates in the MANUFACTURING sector.
In the annual report ending December 31, 2023, Valero Energy Corporation reported revenues of $144.766 billion, a decrease from the previous year's revenue of $176.383 billion in 2022. The cost of sales for 2023 amounted to $131.834 billion, lower than the previous year's cost of sales of $159.587 billion in 2022.
The operating income for 2023 was $11.858 billion, down from $15.690 billion in 2022. Valero Energy Corporation's net income for 2023 was reported at $9.149 billion, a decrease from $11.879 billion in the previous year.
Earnings per common share for 2023 were $24.93, a decline from $29.05 in 2022. The diluted earnings per share for 2023 were $24.92 compared to $29.04 in 2022.
The weighted-average common shares outstanding for 2023 were 353 million shares, lower than the previous year's 395 million shares in 2022.
Additionally, the company reported that the net income attributable to Valero Energy Corporation stockholders for 2023 was $8.835 billion, lower than the $11.528 billion in 2022.
The supplemental information revealed that excise taxes on sales by certain foreign operations were $5.765 billion for 2023, a slight increase from $5.194 billion in 2022.
Overall, Valero Energy Corporation experienced decreases in revenue, operating income, net income, and earnings per share in 2023 compared to the previous year.
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