Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $64,912 | $113,977 | $176,383 | $144,766 | $129,881 |
| Gross Profit | -$230 | $3,129 | $16,796 | $12,932 | $4,805 |
| Operating Income | -$1,579 | $2,130 | $15,690 | $11,858 | $3,755 |
| Net Income | -$1,421 | $930 | $11,528 | $8,835 | $2,770 |
Over the five-year period, Valero Energy Corp/TX experienced marked volatility in its income metrics. In 2020, the company faced significant losses—with revenue at 64,912 million USD, a negative gross profit, and both operating and net losses—which likely reflected the impact of a challenging market environment. The turnaround in 2021 was substantial, as revenue increased by approximately 75% to 113,977 million USD, and the company shifted from losses to positive figures with a gross profit of 3,129 million USD, an operating income of 2,130 million USD, and a net income of 930 million USD. This improvement suggests that the firm benefitted from initial recoveries, possibly tied to easing pandemic-related disruptions and operational adjustments. The strong momentum continued into 2022, with revenue rising to 176,383 million USD—a roughly 55% increase over 2021—and significant improvements in profitability, as evidenced by a gross profit of 16,796 million USD, operating income of 15,690 million USD, and net income reaching 11,528 million USD. However, 2023 saw a reversal in this trend: revenue fell to 144,766 million USD (an approximate 18% decline from 2022), with corresponding declines in gross profit, operating income, and net income by over 20% year-over-year. In 2024, the downward trend persisted, with revenue further declining to 129,881 million USD and net income dropping to 2,770 million USD. This swing, especially the dramatic compression in margin performance post-2022, indicates challenges possibly due to market volatility and pricing pressures in the energy sector. Overall, while Valero demonstrated strong recovery and operational improvements in 2021 and 2022, the subsequent declines raise concerns about the sustainability of its financial performance in a competitive and fluctuating industry environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.