Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Valero Energy Corp., profitability ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Return on Sales
Gross profit margin 4.50% 6.47% 7.57% 8.93% 10.41% 10.17% 11.18% 9.52% 8.23% 7.02% 3.91% 2.75% 1.04% -0.40% 1.47% -1.14% 1.96% 3.44% 2.03% 4.41%
Operating profit margin 3.69% 5.68% 6.78% 8.19% 9.66% 9.47% 10.53% 8.90% 7.62% 6.36% 3.17% 1.87% 0.07% -1.54% 0.05% -2.43% 0.83% 2.43% 1.18% 3.54%
Net profit margin 2.74% 4.25% 5.01% 6.10% 7.11% 6.96% 7.86% 6.54% 5.53% 4.54% 1.93% 0.82% -0.46% -1.69% -0.43% -2.19% 0.00% 1.22% 0.41% 2.24%
Return on Investment
Return on equity (ROE) 14.62% 23.38% 26.91% 33.53% 41.37% 42.32% 54.81% 48.93% 43.01% 33.72% 13.49% 5.05% -2.51% -7.73% -1.54% -7.56% -0.01% 5.40% 2.28% 11.11%
Return on assets (ROA) 6.11% 9.35% 11.21% 14.01% 17.01% 18.03% 22.75% 18.90% 15.88% 10.99% 4.20% 1.61% -0.80% -2.46% -0.51% -2.74% 0.00% 2.18% 0.90% 4.50%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Valero Energy Corp. gross profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Valero Energy Corp. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Valero Energy Corp. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Valero Energy Corp. ROE deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
ROA A profitability ratio calculated as net income divided by total assets. Valero Energy Corp. ROA deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Gross Profit Margin

Valero Energy Corp., gross profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Gross profit (loss) 754 1,439 1,983 1,874 3,770 2,981 4,307 4,675 4,023 6,479 1,619 1,910 918 709 (408) (230) (398) 1,973 (2,085) 2,003 1,119 1,123 533
Revenues, includes excise taxes on sales by certain of foreign operations 32,876 34,490 31,759 35,414 38,404 34,509 36,439 41,746 44,454 51,641 38,542 35,903 29,520 27,748 20,806 16,604 15,809 10,397 22,102 27,879 27,249 28,933 24,263
Profitability Ratio
Gross profit margin1 4.50% 6.47% 7.57% 8.93% 10.41% 10.17% 11.18% 9.52% 8.23% 7.02% 3.91% 2.75% 1.04% -0.40% 1.47% -1.14% 1.96% 3.44% 2.03% 4.41%
Benchmarks
Gross Profit Margin, Competitors2
Marathon Petroleum Corp. 9.66% 11.33% 11.87% 13.35% 14.73% 14.89% 16.28% 14.53% 13.12% 11.59% 8.38% 8.31% 7.39% 6.33% 5.42% 5.80% 8.54% 10.45% 11.25% 11.06%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Gross profit margin = 100 × (Gross profit (loss)Q3 2024 + Gross profit (loss)Q2 2024 + Gross profit (loss)Q1 2024 + Gross profit (loss)Q4 2023) ÷ (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
= 100 × (754 + 1,439 + 1,983 + 1,874) ÷ (32,876 + 34,490 + 31,759 + 35,414) = 4.50%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Valero Energy Corp. gross profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Operating Profit Margin

Valero Energy Corp., operating profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss) 507 1,221 1,679 1,553 3,503 2,759 4,043 4,295 3,792 6,219 1,384 1,594 693 509 (666) (470) (621) 1,789 (2,277) 1,739 881 908 308
Revenues, includes excise taxes on sales by certain of foreign operations 32,876 34,490 31,759 35,414 38,404 34,509 36,439 41,746 44,454 51,641 38,542 35,903 29,520 27,748 20,806 16,604 15,809 10,397 22,102 27,879 27,249 28,933 24,263
Profitability Ratio
Operating profit margin1 3.69% 5.68% 6.78% 8.19% 9.66% 9.47% 10.53% 8.90% 7.62% 6.36% 3.17% 1.87% 0.07% -1.54% 0.05% -2.43% 0.83% 2.43% 1.18% 3.54%
Benchmarks
Operating Profit Margin, Competitors2
Chevron Corp. 13.22% 14.15% 14.73% 15.37% 18.06% 19.98% 21.92% 21.42% 21.03% 19.86% 16.73% 14.81% 11.53% 6.49% -7.90% -6.22% -13.16% -8.42% 5.08% 4.83%
ConocoPhillips 28.67% 29.76% 29.79% 30.57% 30.06% 31.80% 33.89% 36.80% 37.27% 37.07% 36.63% 29.84% 22.86% 14.26% 4.66% -12.74% 0.02% 16.39% 20.41% 32.04%
Exxon Mobil Corp. 14.99% 15.19% 15.03% 16.24% 17.15% 19.54% 21.37% 19.07% 18.60% 15.93% 12.25% 11.91% -2.07% -6.88% -12.46% -14.85% 3.17% 5.30% 7.05% 8.66%
Marathon Petroleum Corp. 5.67% 7.75% 8.37% 9.78% 11.10% 11.98% 13.67% 12.10% 10.70% 8.25% 4.29% 3.58% 2.84% 0.59% 0.18% -17.55% -14.23% -9.03% -6.15% 4.50%
Occidental Petroleum Corp. 22.26% 22.99% 22.07% 24.21% 26.09% 29.74% 35.99% 38.32% 38.11% 34.71% 25.87% 17.59% 4.22% -23.09% -79.26% -79.89% -69.22% -47.38% -5.23% 3.17%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Operating profit margin = 100 × (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
= 100 × (507 + 1,221 + 1,679 + 1,553) ÷ (32,876 + 34,490 + 31,759 + 35,414) = 3.69%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Valero Energy Corp. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Net Profit Margin

Valero Energy Corp., net profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Valero Energy Corporation stockholders 364 880 1,245 1,202 2,622 1,944 3,067 3,113 2,817 4,693 905 1,009 463 162 (704) (359) (464) 1,253 (1,851) 1,060 609 612 141
Revenues, includes excise taxes on sales by certain of foreign operations 32,876 34,490 31,759 35,414 38,404 34,509 36,439 41,746 44,454 51,641 38,542 35,903 29,520 27,748 20,806 16,604 15,809 10,397 22,102 27,879 27,249 28,933 24,263
Profitability Ratio
Net profit margin1 2.74% 4.25% 5.01% 6.10% 7.11% 6.96% 7.86% 6.54% 5.53% 4.54% 1.93% 0.82% -0.46% -1.69% -0.43% -2.19% 0.00% 1.22% 0.41% 2.24%
Benchmarks
Net Profit Margin, Competitors2
Chevron Corp. 8.60% 9.50% 10.43% 10.85% 12.57% 14.09% 15.41% 15.05% 15.05% 14.09% 11.60% 10.04% 7.36% 3.09% -8.10% -5.87% -11.02% -7.57% 2.86% 2.09%
ConocoPhillips 18.01% 18.93% 19.19% 19.52% 18.67% 19.37% 20.97% 23.80% 24.06% 24.34% 23.91% 17.63% 12.93% 6.33% 0.09% -14.38% -5.76% 9.43% 12.23% 22.07%
Exxon Mobil Corp. 9.92% 10.03% 9.90% 10.76% 11.01% 13.38% 14.87% 13.23% 13.41% 11.06% 8.40% 8.33% -2.45% -6.21% -10.55% -12.57% 1.70% 3.35% 4.57% 5.61%
Marathon Petroleum Corp. 3.19% 4.86% 5.40% 6.52% 7.60% 8.13% 9.41% 8.18% 6.92% 5.13% 8.00% 8.12% 9.01% 8.74% -1.19% -14.08% -11.66% -7.96% -5.59% 2.13%
Occidental Petroleum Corp. 16.14% 17.05% 16.00% 16.62% 18.51% 21.55% 27.29% 36.32% 35.55% 32.60% 25.31% 8.95% -1.47% -24.23% -78.62% -83.28% -74.55% -56.15% -14.39% -3.27%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Valero Energy Corporation stockholdersQ3 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ2 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ1 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ4 2023) ÷ (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024 + Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
= 100 × (364 + 880 + 1,245 + 1,202) ÷ (32,876 + 34,490 + 31,759 + 35,414) = 2.74%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Valero Energy Corp. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Return on Equity (ROE)

Valero Energy Corp., ROE calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Valero Energy Corporation stockholders 364 880 1,245 1,202 2,622 1,944 3,067 3,113 2,817 4,693 905 1,009 463 162 (704) (359) (464) 1,253 (1,851) 1,060 609 612 141
Total Valero Energy Corporation stockholders’ equity 25,253 25,443 26,057 26,346 25,975 25,851 24,977 23,561 21,912 20,969 18,821 18,430 17,476 17,651 17,801 18,801 19,223 19,847 18,842 21,803 21,107 21,345 21,309
Profitability Ratio
ROE1 14.62% 23.38% 26.91% 33.53% 41.37% 42.32% 54.81% 48.93% 43.01% 33.72% 13.49% 5.05% -2.51% -7.73% -1.54% -7.56% -0.01% 5.40% 2.28% 11.11%
Benchmarks
ROE, Competitors2
Chevron Corp. 10.68% 11.76% 12.64% 13.28% 15.41% 19.05% 22.44% 22.27% 21.53% 18.92% 14.02% 11.24% 7.29% 2.69% -5.89% -4.21% -8.72% -6.49% 2.69% 2.03%
ConocoPhillips 19.94% 21.48% 21.47% 22.23% 23.46% 27.20% 33.15% 38.91% 36.79% 31.69% 26.12% 17.79% 10.61% 4.18% 0.05% -9.05% -3.93% 7.29% 11.55% 20.55%
Exxon Mobil Corp. 12.55% 12.73% 15.98% 17.58% 19.09% 24.48% 29.54% 27.04% 27.87% 21.97% 15.24% 13.67% -3.67% -8.41% -12.17% -14.28% 1.87% 3.98% 6.25% 7.48%
Marathon Petroleum Corp. 23.90% 33.69% 34.44% 39.67% 44.66% 49.58% 61.04% 52.38% 45.50% 31.12% 45.16% 37.16% 32.71% 26.52% -3.86% -44.26% -43.06% -32.38% -27.36% 7.83%
Occidental Petroleum Corp. 12.63% 14.42% 14.02% 15.52% 18.51% 23.35% 32.79% 44.22% 44.97% 39.51% 29.49% 11.42% -1.73% -25.93% -70.84% -79.85% -74.81% -51.73% -10.58% -1.95%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
ROE = 100 × (Net income (loss) attributable to Valero Energy Corporation stockholdersQ3 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ2 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ1 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ4 2023) ÷ Total Valero Energy Corporation stockholders’ equity
= 100 × (364 + 880 + 1,245 + 1,202) ÷ 25,253 = 14.62%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Valero Energy Corp. ROE deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Return on Assets (ROA)

Valero Energy Corp., ROA calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Valero Energy Corporation stockholders 364 880 1,245 1,202 2,622 1,944 3,067 3,113 2,817 4,693 905 1,009 463 162 (704) (359) (464) 1,253 (1,851) 1,060 609 612 141
Total assets 60,382 63,615 62,574 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095
Profitability Ratio
ROA1 6.11% 9.35% 11.21% 14.01% 17.01% 18.03% 22.75% 18.90% 15.88% 10.99% 4.20% 1.61% -0.80% -2.46% -0.51% -2.74% 0.00% 2.18% 0.90% 4.50%
Benchmarks
ROA, Competitors2
Chevron Corp. 6.43% 7.18% 7.76% 8.17% 9.65% 11.98% 13.98% 13.76% 13.15% 11.26% 8.23% 6.52% 4.13% 1.48% -3.21% -2.31% -5.15% -3.89% 1.64% 1.23%
ConocoPhillips 10.29% 11.13% 11.10% 11.42% 11.96% 14.43% 17.32% 19.91% 19.04% 16.98% 13.78% 8.91% 5.36% 2.17% 0.02% -4.31% -1.91% 3.64% 5.56% 10.20%
Exxon Mobil Corp. 7.30% 7.41% 8.68% 9.57% 10.24% 13.41% 15.89% 14.29% 14.01% 10.59% 7.27% 6.80% -1.75% -3.95% -5.72% -6.74% 0.93% 1.98% 3.20% 3.95%
Marathon Petroleum Corp. 5.67% 8.43% 9.23% 11.26% 12.84% 14.75% 18.84% 16.15% 13.34% 8.46% 11.90% 11.41% 10.36% 8.13% -0.96% -11.54% -11.51% -9.09% -7.63% 2.68%
Occidental Petroleum Corp. 5.11% 6.07% 5.82% 6.35% 7.55% 9.55% 13.53% 18.32% 17.90% 14.82% 9.89% 3.09% -0.43% -5.92% -16.34% -18.52% -17.60% -13.50% -3.26% -0.61%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
ROA = 100 × (Net income (loss) attributable to Valero Energy Corporation stockholdersQ3 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ2 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ1 2024 + Net income (loss) attributable to Valero Energy Corporation stockholdersQ4 2023) ÷ Total assets
= 100 × (364 + 880 + 1,245 + 1,202) ÷ 60,382 = 6.11%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Valero Energy Corp. ROA deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.