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Valero Energy (LTS:0LK6) Tax Rate % : 19.63% (As of Sep. 2024)


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What is Valero Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Valero Energy's Tax Expense for the three months ended in Sep. 2024 was $96 Mil. Valero Energy's Pre-Tax Income for the three months ended in Sep. 2024 was $489 Mil. Therefore, Valero Energy's Tax Rate % for the quarter that ended in Sep. 2024 was 19.63%.

Valero Energy Tax Rate % Historical Data

The historical data trend for Valero Energy's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Valero Energy Tax Rate % Chart

Valero Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.14 44.93 16.53 22.39 22.26

Valero Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.39 21.37 20.97 23.03 19.63

Valero Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Valero Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=2619/11768
=22.26 %

Valero Energy's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=96/489
=19.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Valero Energy Tax Rate % Related Terms

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Valero Energy Business Description

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Address
One Valero Way, San Antonio, TX, USA, 78249
Website
https://www.valero.com
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel.

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