Valero Energy posts record Q3 2026 profit on soaring refining margins
Valero Energy reported third‑quarter 2026 net income of $6.8 billion, or $23.90 per share, far above the prior‑year $1.1 billion. Revenue rose to $46.1 billion, driven by record refining margins of $39.24 per barrel and near‑record refinery utilization. The company completed a $230 million FCC unit optimization at St. Charles, repaid $526 million of debt and returned cash to shareholders at a 52 % payout ratio.

