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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,688 $ 4,657
Receivables, net 9,877 10,708
Inventories 7,591 7,761
Prepaid expenses and other 1,054 611
Total current assets 23,210 23,737
Property, plant, and equipment, at cost 50,091 52,368
Accumulated depreciation (22,474) (23,054)
Property, plant, and equipment, net 27,617 29,314
Deferred charges and other assets, net 7,161 7,092
Total assets 57,988 60,143
Current liabilities:    
Current portion of debt and finance lease obligations 949 743
Accounts payable 10,139 12,092
Accrued expenses 1,403 1,130
Taxes other than income taxes payable 1,550 1,360
Income taxes payable 68 170
Total current liabilities 14,109 15,495
Debt and finance lease obligations, less current portion 9,670 9,720
Deferred income tax liabilities 5,146 5,267
Other long-term liabilities 2,458 2,140
Commitments and contingencies
Valero Energy Corporation stockholders’ equity:    
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued 7 7
Additional paid-in capital 6,981 6,939
Treasury stock, at cost; 374,561,457 and 358,637,890 common shares (30,753) (28,178)
Retained earnings 47,959 47,016
Accumulated other comprehensive loss (469) (1,272)
Total Valero Energy Corporation stockholders’ equity 23,725 24,512
Noncontrolling interests 2,880 3,009
Total equity 26,605 27,521
Total liabilities and equity $ 57,988 $ 60,143