![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=3840&q=75)
VALERO ENERGY CORP/TX [VLO] reports annual net loss of $9.1 billion
Company Reports Revenue of $144.8 billion
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.
