Valero Energy Corporation Stock Repurchase Program Expansion

Valero Energy Corporation announced on July 16, 2026, that its Board of Directors has authorized an additional share repurchase program of up to $5.0 billion. This new authorization is in addition to the remaining $1.4 billion available under the February 2026 Program, which initially authorized up to $2.5 billion in share repurchases with no expiration date. As of June 30, 2026, Valero had $1.4 billion available under the February 2026 Program. The new $5.0 billion authorization also has no expiration date. This move indicates the company's continued commitment to returning capital to shareholders.