Exhibit 99.01

•Reported net income attributable to Valero stockholders of $1.1 billion, or $3.73 per share, for the fourth quarter and $2.3 billion, or $7.57 per share, for the year

•Reported adjusted net income attributable to Valero stockholders of $1.2 billion, or $3.82 per share, for the fourth quarter and $3.3 billion, or $10.61 per share, for the year

•Stockholder cash returns totaled $1.4 billion in the fourth quarter and $4.0 billion in the year

•Increased quarterly cash dividend on common stock by 6 percent to $1.20 per share on January 22, 2026

•The St. Charles FCC Unit optimization project is still expected to begin operations in the second half of 2026

SAN ANTONIO, January 29, 2026 – Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.1 billion, or $3.73 per share, for the fourth quarter of 2025, compared to net income of $281 million, or $0.88 per share, for the fourth quarter of 2024. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $1.2 billion, or $3.82 per share, for the fourth quarter of 2025, compared to $207 million, or $0.64 per share, for the fourth quarter of 2024.

For 2025, net income attributable to Valero stockholders was $2.3 billion, or $7.57 per share, compared to $2.8 billion, or $8.58 per share, in 2024. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $3.3 billion, or $10.61 per share, in 2025, compared to $2.7 billion, or $8.48 per share, in 2024.

“2025 was our best year for mechanical availability, personnel safety, and environmental performance, building on the personnel and process safety records we set in 2024,” said Lane Riggs, Valero’s Chairman, Chief Executive Officer and President. “We also achieved record refining throughput and ethanol production in both the fourth quarter and the full year. These accomplishments reflect the hard work, expertise, and dedication of our entire team.”

The Refining segment reported operating income of $1.7 billion for the fourth quarter of 2025, compared to $437 million for the fourth quarter of 2024. Adjusted operating income was $1.7 billion for the fourth quarter of 2025, compared to $441 million for the fourth quarter of 2024. Refining throughput volumes averaged 3.1 million barrels per day in the fourth quarter of 2025.

The Renewable Diesel segment, which consists of the Diamond Green Diesel joint venture (DGD), reported $92 million of operating income for the fourth quarter of 2025, compared to $170 million for the fourth quarter of 2024. Segment sales volumes averaged 3.1 million gallons per day in the fourth quarter of 2025.

The Ethanol segment reported $117 million of operating income for the fourth quarter of 2025, compared to $20 million for the fourth quarter of 2024. Ethanol production volumes averaged 4.8 million gallons per day in the fourth quarter of 2025.

General and administrative expenses were $315 million in the fourth quarter of 2025 and $1.0 billion for the year. The effective tax rate for 2025 was 25 percent.

Net cash provided by operating activities was $2.1 billion in the fourth quarter of 2025. Included in this amount was a $349 million unfavorable impact from working capital and $269 million of adjusted net cash provided by operating activities associated with the other joint venture member’s share of DGD. Excluding these items, adjusted net cash provided by operating activities was $2.1 billion in the fourth quarter of 2025.

Net cash provided by operating activities in 2025 was $5.8 billion. Included in this amount was a $192 million unfavorable impact from working capital and $30 million of adjusted net cash provided by operating activities associated with the other joint venture member’s share of DGD. Excluding these items, adjusted net cash provided by operating activities in 2025 was $6.0 billion.

Capital investments totaled $412 million in the fourth quarter of 2025, of which $368 million was for sustaining the business, including costs for turnarounds, catalysts and regulatory compliance. Excluding capital investments attributable to the other joint venture member’s share of DGD and other variable interest entities, capital investments attributable to Valero were $405 million in the fourth quarter of 2025 and $1.8 billion for the year.

Valero stockholder cash returns totaled $1.4 billion in the fourth quarter of 2025, resulting in a payout ratio of 66 percent of adjusted net cash provided by operating activities. In 2025, Valero stockholder cash returns totaled $4.0 billion, resulting in a payout ratio of 67 percent for the year.

On January 22, 2026, Valero announced an increase of its quarterly cash dividend on common stock from $1.13 per share to $1.20 per share, demonstrating its strong financial position.

“Valero’s strong financial results and record operating performance highlight our operational and commercial excellence. We remain committed to our capital allocation framework that prioritizes balance sheet strength, disciplined capital investments, and shareholder returns,” said Riggs.

Valero ended 2025 with $8.3 billion of total debt, $2.4 billion of total finance lease obligations, and $4.7 billion of cash and cash equivalents. The debt to capitalization ratio, net of cash and cash equivalents, was 18 percent as of December 31, 2025.

Valero continues to make progress on the FCC Unit optimization project at the St. Charles Refinery that will enhance the refinery’s ability to produce high-value products. This $230 million project is still expected to begin operations in the second half of 2026.

Valero’s senior management will hold a conference call at 10 a.m. ET today to discuss this earnings release and to provide an update on operations and strategy.

Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America.

Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. See the annual report on Form 10-K for more information on SAF. Valero also owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.7 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit investorvalero.com for more information.

Investors:

Brian Donovan, Vice President – Investor Relations, 210-345-1682

Eric Herbort, Director – Investor Relations and Finance, 210-345-3331

Gautam Srivastava, Director – Investor Relations, 210-345-3992

Media:

Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

Statements contained in this release and the accompanying earnings release tables, or made during the conference call, that state Valero’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words “believe,” “expect,” “should,” “estimates,” “intend,” “target,” “commitment,” “plans,” “forecast, “guidance” and other similar expressions identify forward-looking statements. Forward-looking statements in this release and the accompanying earnings release tables include, and those made on the conference call may include, statements relating to Valero’s low-carbon fuels strategy, expected timing, cost and performance of projects, our plans, actions, assets and operations in California and expected timing and cost of obligations and other financial statement impacts, future market and industry conditions, future operating and financial performance, future production and manufacturing ability and size, and management of future risks, among other matters. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of Valero’s control, such as legislative or political changes or developments, market dynamics, cyberattacks, weather events, and other matters affecting Valero’s operations and financial performance or the demand for Valero’s products.

These factors also include, but are not limited to, the uncertainties that remain with respect to current or contemplated legal, political or regulatory developments that are adverse to or restrict refining and marketing operations, or that impose taxes or penalties on profits, windfalls, or margins above a certain level, tariffs and their effects on trading relationships, global geopolitical and other conflicts and tensions, the impact of inflation on margins and costs, economic activity levels, and the adverse effects the foregoing may have on Valero’s business plan, strategy, operations and financial performance. For more information concerning these and other factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual report on Form 10-K, quarterly reports on Form 10‑Q, and other reports filed with the Securities and Exchange Commission and available on Valero’s website at www.valero.com.

This earnings release and the accompanying earnings release tables include references to financial measures that are not defined under U.S. generally accepted accounting principles (GAAP). These non-GAAP measures include adjusted net income attributable to Valero stockholders, adjusted earnings per common share – assuming dilution, Refining margin, Renewable Diesel margin, Ethanol margin, adjusted Refining operating income (loss), adjusted Ethanol operating income, adjusted Refining operating expenses (excluding depreciation and amortization expense), adjusted net cash provided by operating activities, and capital investments attributable to Valero. These non-GAAP financial measures have been included to help facilitate the comparison of operating results between periods. See the accompanying earnings release tables for a definition of non-GAAP measures and a reconciliation to their most directly comparable GAAP measures. Note (h) to the earnings release tables provides reasons for the use of these non-GAAP financial measures.

						Three Months Ended December 31,												Year Ended December 31,
						2025						2024						2025						2024
Statement of income data
Revenues						$	30,372					$	30,756					$	122,687					$	129,881
Cost of sales:
Cost of materials and other (a)						24,238						26,409						101,096						110,616
Taxes other than income taxes (b)						1,740						1,517						6,720						5,900
Operating expenses (excluding depreciation and amortization expense reflected below) (c)						1,685						1,514						6,344						5,831
Depreciation and amortization expense						805						687						3,095						2,729
Total cost of sales						28,468						30,127						117,255						125,076
Asset impairment loss (d)						—						—						1,131						—
Other operating expenses (e)						2						4						15						44
General and administrative expenses (excluding depreciation and amortization expense reflected below)						315						266						1,042						961
Depreciation and amortization expense						12						11						63						45
Operating income						1,575						348						3,181						3,755
Other income, net						88						110						380						499
Interest and debt expense, net of capitalized interest						(139)						(135)						(556)						(556)
Income before income tax expense (benefit)						1,524						323						3,005						3,698
Income tax expense (benefit) (f)						355						(34)						759						692
Net income						1,169						357						2,246						3,006
Less: Net income (loss) attributable to noncontrolling interests						35						76						(102)						236
Net income attributable to Valero Energy Corporation stockholders						$	1,134					$	281					$	2,348					$	2,770
Earnings per common share						$	3.73					$	0.89					$	7.57					$	8.58
Weighted-average common shares outstanding (in millions)						303						315						309						322
Earnings per common share – assuming dilution						$	3.73					$	0.88					$	7.57					$	8.58
Weighted-average common shares outstanding – assuming dilution (in millions)						303						316						309						322

						Refining						Renewable Diesel						Ethanol						Corporate and Eliminations						Total
Year ended December 31, 2025
Revenues:
Revenues from external customers						$	116,158					$	2,508					$	4,021					$	—					$	122,687
Intersegment revenues						8						2,089						956						(3,053)						—
Total revenues						116,166						4,597						4,977						(3,053)						122,687
Cost of sales:
Cost of materials and other (a)						96,080						4,178						3,913						(3,075)						101,096
Taxes other than income taxes (b)						6,720						—						—						—						6,720
Operating expenses (excluding depreciation and amortization expense reflected below) (c)						5,426						308						611						(1)						6,344
Depreciation and amortization expense						2,754						267						79						(5)						3,095
Total cost of sales						110,980						4,753						4,603						(3,081)						117,255
Asset impairment loss (d)						1,131						—						—						—						1,131
Other operating expenses						15						—						—						—						15
General and administrative expenses (excluding depreciation and amortization expense reflected below)						—						—						—						1,042						1,042
Depreciation and amortization expense						—						—						—						63						63
Operating income (loss) by segment						$	4,040					$	(156)					$	374					$	(1,077)					$	3,181
Year ended December 31, 2024
Revenues:
Revenues from external customers						$	123,853					$	2,410					$	3,618					$	—					$	129,881
Intersegment revenues						10						2,656						868						(3,534)						—
Total revenues						123,863						5,066						4,486						(3,534)						129,881
Cost of sales:
Cost of materials and other						106,638						3,944						3,558						(3,524)						110,616
Taxes other than income taxes (b)						5,900						—						—						—						5,900
Operating expenses (excluding depreciation and amortization expense reflected below)						4,946						350						536						(1)						5,831
Depreciation and amortization expense						2,391						265						77						(4)						2,729
Total cost of sales						119,875						4,559						4,171						(3,529)						125,076
Other operating expenses (e)						17						—						27						—						44
General and administrative expenses (excluding depreciation and amortization expense reflected below)						—						—						—						961						961
Depreciation and amortization expense						—						—						—						45						45
Operating income by segment						$	3,971					$	507					$	288					$	(1,011)					$	3,755