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Valero Energy Corp  (VLO)
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VLO's Income Taxes Growth by Quarter and Year

Valero Energy's Income Taxes results by quarter and year




VLO Income Taxes (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 331.00 1,018.00 169.00 -289.00
III Quarter September 813.00 816.00 65.00 -337.00
II Quarter June 595.00 1,342.00 169.00 339.00
I Quarter March 880.00 252.00 -148.00 -616.00
FY   2,619.00 3,428.00 255.00 -903.00



VLO Income Taxes fourth quarter 2023 Y/Y Growth Comment
Valero Energy Corp reported drop in Income Taxes in the fourth quarter 2023 by -67.49% to $ 331.00 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Valero Energy Corp's Income Taxes compares unfavorably to the Company's average Income Taxes drop of -67.07%.

According to the results reported in the fourth quarter 2023, Valero Energy Corp achieved the best Income Taxes growth in Oil & Gas Integrated Operations industry. While Valero Energy Corp' s Income Taxes meltdown of -67.49% ranks overall at the positon no. 250 in the fourth quarter 2023.

Explain Operating Income growth


VLO Income Taxes ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -67.49 % 502.37 % - -
III Quarter September -0.37 % 1155.38 % - -
II Quarter June -55.66 % 694.08 % -50.15 % 111.88 %
I Quarter March 249.21 % - - -
FY   -23.6 % 1244.31 % - -

Financial Statements
Valero Energy's fourth quarter 2023 Income Taxes $ 331.00 millions VLO's Income Statement
Valero Energy's fourth quarter 2022 Income Taxes $ 1,018.00 millions Quarterly VLO's Income Statement
New: More VLO's historic Income Taxes Growth >>


VLO Income Taxes (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -59.29 % 24.75 % 160 % -
III Quarter September 36.64 % -39.2 % -61.54 % -
II Quarter June -32.39 % 432.54 % - -
I Quarter March -13.56 % 49.11 % - -
FY (Year on Year)   -23.6 % 1244.31 % - -




Income Taxes fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #1
Energy Sector #9
Overall #250

Income Taxes Y/Y Growth Statistics
High Average Low
1244.31 % -67.07 % -1342.86 %
(Dec 31 2022)   (Mar 31 2021)
Income Taxes fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #1
Energy Sector #9
Overall #250
Income Taxes Y/Y Growth Statistics
High Average Low
1244.31 % -67.07 % -1342.86 %
(Dec 31 2022)   (Mar 31 2021)

Income Taxes by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Valero Energy's Q/Q Income Taxes Growth


Income Taxes Q/Q Growth Statistics
High Average Low
1022.5 % 43.86 % -93.03 %
(June 30, 2011)  


VLO's IV. Quarter Q/Q Income Taxes Comment
In the IV. Quarter 2023 Valero Energy Corp reported fall in Income Taxes from the third quarter by -59.29% to $ 331.00 millions, from $ 813.00 millions achived in the previous quarter.

Although periodic circumstance commonly energize IV. Quarter 2023 results, that simply was not enough to recover Oil & Gas Integrated Operations's company achievement, Daniel  Davies, market observer pointed out.

Within Oil & Gas Integrated Operations industry 3 other companies have achieved higher Income Taxes quarter on quarter growth. While Valero Energy's Income Taxes growth quarter on quarter, overall rank is 689.


Income Taxes Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #4
Energy Sector #26
Overall #689
Income Taxes Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #4
Energy Sector #26
Overall #689
Income Taxes Q/Q Growth Statistics
High Average Low
1022.5 % 43.86 % -93.03 %
(June 30, 2011)  


VLO's IV. Quarter Q/Q Income Taxes Comment
In the IV. Quarter 2023 Valero Energy Corp realized fall in Income Taxes from the third quarter by -59.29% to $ 331.00 millions, from $ 813.00 millions declared a quarter before.

Some cyclical circumstance have not salvage the IV. Quarter for the Valero Energy Corp, Daniel  Davies, market observer said and wrote that average sequential Income Taxes growth is at 43.86% for Valero Energy.

Within Oil & Gas Integrated Operations industry 3 other companies have achieved higher Income Taxes quarter on quarter growth. While Valero Energy's Income Taxes growth quarter on quarter, overall rank is 689.


Valero Energy's 12 Months Income Taxes Growth Year on Year


Income Taxes TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Income Taxes 12 Months Ending $ 2,619.00 $ 3,306.00 $ 3,309.00 $ 4,056.00 $ 3,428.00
Y / Y Income Taxes Growth (TTM) -23.6 % 28.19 % 81.02 % 519.24 % 1244.31 %
Year on Year Income Taxes Growth Overall Ranking # 14 # 41 # 3 # 47 # 29
Seqeuential Income Taxes Change (TTM) -20.78 % -0.09 % -18.42 % 18.32 % 32.92 %
Seq. Income Taxes Growth (TTM) Overall Ranking # 250 # 335 # 23 # 218 # 135




Cumulative Income Taxes growth Comment
For the 12 months ended Dec 31 2023 Valero Energy reported a fall in Income Taxes by -23.6% year on year, to $2,619 millions, compare to the 28.19% growth at Sep 30 2023.

Looking into Energy sector trailing twelve month Income Taxes increase, only one company had higher growth. While Total ranking has impoved so far to 14, from total ranking in previous quarter at 41.

Income Taxes TTM Q/Q Growth Statistics
High Average Low
1244.31 %
-67.07 %
-1342.86 %
 

Income Taxes TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 2
Overall # 14

Income Taxes TTM Y/Y Growth Statistics
High Average Low
1244.31 %
-67.07 %
-1342.86 %
 


Income Taxes TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 9
S&P 500 # 250
Cumulative Income Taxes growth Comment
For the 12 months ended Dec 31 2023 Valero Energy reported a fall in Income Taxes by -23.6% year on year, to $2,619 millions, compare to the 28.19% growth at Sep 30 2023.

Looking into Energy sector trailing twelve month Income Taxes increase, only one company had higher growth. While Total ranking has impoved so far to 14, from total ranking in previous quarter at 41.

Income Taxes TTM Q/Q Growth Statistics
High Average Low
1244.31 %
-67.07 %
-1342.86 %
 


Income Taxes TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 2
Overall # 14

Income Taxes TTM Y/Y Growth Statistics
High Average Low
1244.31 %
-67.07 %
-1342.86 %
 


Income Taxes TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 9
S&P 500 # 250




Other Income Taxes Growth
Oil & Gas Integrated Operations Industry Income Taxes Growth Trends and Statistics
Energy Sector Income Taxes Growth Statistics
Income Taxes Growth Trends for overall market
VLO's Income Taxes Growth Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Income Taxes Growth
Lowest Ranking Income Taxes Growth
Income Taxes Growth for VLO's Competitors
Income Taxes Growth for Valero Energy's Suppliers
Income Taxes Growth for VLO's Customers

You may also want to know
VLO's Annual Growth Rates VLO's Profitability Ratios VLO's Asset Turnover Ratio VLO's Dividend Growth
VLO's Roe VLO's Valuation Ratios VLO's Financial Strength Ratios VLO's Dividend Payout Ratio
VLO's Roa VLO's Inventory Turnover Ratio VLO's Growth Rates VLO's Dividend Comparisons



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