Valero Energy Management
Management criteria checks 2/4
Valero Energy's CEO is R. Riggs, appointed in Jan 2020, has a tenure of 4.92 years. total yearly compensation is $20.14M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.096% of the company’s shares, worth $35.98M. The average tenure of the management team and the board of directors is 4.2 years and 8.4 years respectively.
Key information
R. Riggs
Chief executive officer
US$20.1m
Total compensation
| CEO salary percentage | 6.2% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.2yrs |
| Board average tenure | 8.4yrs |
Recent management updates
Recent updates
Valero Energy's Third Quarter Highlights 2 Futures: Conventional And Renewable Energies
Nov 18The Valero Downtrend Post Q3 Earnings Presents An Opportunity
Nov 08Valero Energy Earnings Preview: Industry Best Operating Costs Shine Bright In A Weak Market
Oct 23Investors Aren't Buying Valero Energy Corporation's (NYSE:VLO) Earnings
Sep 17
Valero Energy Corporation: A Stalling Bullish Trend
Sep 03Valero Energy (NYSE:VLO) Seems To Use Debt Quite Sensibly
Aug 14The Refining Giant: Valero's Impressive Shareholder Payback
Jul 29Results: Valero Energy Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Jul 27Valero Energy Corporation (NYSE:VLO) Shares Could Be 40% Below Their Intrinsic Value Estimate
Jun 26Valero Energy: Supportive Upside Ahead
Jun 25Valero: Growing Free Cash Flow To Support Dividend Growth
Jun 12The Trend Of High Returns At Valero Energy (NYSE:VLO) Has Us Very Interested
Jun 10Valero Energy Corporation's (NYSE:VLO) Prospects Need A Boost To Lift Shares
May 26Valero's Buyback Makes Shares Attractive Given A Favorable Environment
May 15If You Like Buybacks (And Dividends), You'll Love Valero
May 07Crack Spreads Continue To Support Valero Energy Stock
Apr 05We Think Valero Energy (NYSE:VLO) Can Stay On Top Of Its Debt
Mar 28Valero: Gasoline Prices Will Jump In April, But I Won't Jump On This Rally (Rating Downgrade)
Mar 18Estimating The Intrinsic Value Of Valero Energy Corporation (NYSE:VLO)
Mar 12Why We Like The Returns At Valero Energy (NYSE:VLO)
Feb 11Analysts Are Updating Their Valero Energy Corporation (NYSE:VLO) Estimates After Its Annual Results
Jan 27Valero Energy: Adjusting Estimates, But It Is A Buy
Jan 12Valero Energy Corporation's (NYSE:VLO) Share Price Is Matching Sentiment Around Its Earnings
Jan 03Valero's A Dividend And Buyback Gem - If It Drops, I'm Buying
Jan 03Valero Energy: Holding At Current Levels
Dec 11Valero Energy: Buy Rating Fueled By 3% Dividend Yield And Undervaluation
Nov 29Valero Energy: Pressure On Refining Spreads Is Bearish For The Oil Refiner
Nov 02Valero Energy: A Solid Q3 With A Powerful Buyback In Place
Oct 27Valero Energy: Taking To 'Hold' After Solid Run (Rating Downgrade)
Oct 04Valero: Despite Massive Strength, I'm Considering Selling (Rating Downgrade)
Sep 26Valero: Renewables And Sustainable Fuel Will Contribute To Upside
Aug 25Vectoring In On Valero Energy
Jul 24Checking In On The Health Of Valero And Its Markets
Jul 09Valero: U.S. Gasoline Prices Will Soar This Decade As More Refineries Shutter
Jun 14Valero Energy: Keeping A Keen Eye On Diversification Reveals Solid Potential
Jun 05Valero Energy Has More Upside Potential
Feb 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$4b |
| Jun 30 2024 | n/a | n/a | US$6b |
| Mar 31 2024 | n/a | n/a | US$7b |
| Dec 31 2023 | US$20m | US$1m | US$9b |
| Sep 30 2023 | n/a | n/a | US$11b |
| Jun 30 2023 | n/a | n/a | US$11b |
| Mar 31 2023 | n/a | n/a | US$14b |
| Dec 31 2022 | US$8m | US$1m | US$11b |
| Sep 30 2022 | n/a | n/a | US$9b |
| Jun 30 2022 | n/a | n/a | US$7b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$13m | US$970k | US$924m |
| Sep 30 2021 | n/a | n/a | -US$443m |
| Jun 30 2021 | n/a | n/a | -US$1b |
| Mar 31 2021 | n/a | n/a | -US$281m |
| Dec 31 2020 | US$9m | US$940k | -US$1b |
| Sep 30 2020 | n/a | n/a | -US$10m |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$425m |
| Dec 31 2019 | US$11m | US$840k | US$2b |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | US$3b |
| Mar 31 2019 | n/a | n/a | US$3b |
| Dec 31 2018 | US$4m | US$800k | US$3b |
| Sep 30 2018 | n/a | n/a | US$5b |
| Jun 30 2018 | n/a | n/a | US$5b |
| Mar 31 2018 | n/a | n/a | US$4b |
| Dec 31 2017 | US$6m | US$700k | US$4b |
Compensation vs Market: R.'s total compensation ($USD20.14M) is above average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: R.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
R. Riggs (58 yo)
4.9yrs
Tenure
US$20,140,932
Compensation
Mr. R. Lane Riggs has been President at Valero Energy Corporation since January 23, 2020 and also served as its Chief Operating Officer January 1, 2018 until 2023. Mr. Riggs serves as Chief Executive Offic...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.8yrs | US$30.04m | 0.16% $ 59.6m | |
| CEO, President & Director | 4.9yrs | US$20.14m | 0.096% $ 36.0m | |
| Executive VP & CFO | 4.4yrs | US$10.61m | 0.041% $ 15.2m | |
| Executive VP & COO | 1.4yrs | US$10.76m | 0.065% $ 24.4m | |
| Executive VP & General Counsel | 4.4yrs | US$5.92m | 0.031% $ 11.8m | |
| VP of Information Services & Technology | 1.9yrs | no data | no data | |
| Vice President of Investor Relations & Finance | 3.9yrs | no data | no data | |
| Executive Director of Media Relations & Communications | no data | no data | no data | |
| Senior Vice President of Corporate Development & Strategy | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 9.1yrs | no data | no data | |
| Senior Vice President of Product Supply | 4.9yrs | no data | no data | |
| Senior Vice President of Renewables Operations & Low Carbon Fuels | less than a year | no data | no data |
4.2yrs
Average Tenure
58.5yo
Average Age
Experienced Management: VLO's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 10.8yrs | US$30.04m | 0.16% $ 59.6m | |
| CEO, President & Director | 1.5yrs | US$20.14m | 0.096% $ 36.0m | |
| Lead Independent Director | 19.3yrs | US$365.06k | 0.014% $ 5.3m | |
| Independent Director | 13.9yrs | US$355.06k | 0.035% $ 13.0m | |
| Independent Director | 13.9yrs | US$355.06k | 0.013% $ 4.8m | |
| Independent Director | 4.9yrs | US$330.06k | 0.0026% $ 979.9k | |
| Independent Director | 8.4yrs | US$355.06k | 0.0042% $ 1.6m | |
| Independent Director | 8.4yrs | US$355.06k | 0.0043% $ 1.6m | |
| Independent Director | 3.3yrs | US$330.06k | 0.00079% $ 296.6k | |
| Independent Director | 12.4yrs | US$355.06k | 0.0088% $ 3.3m | |
| Independent Director | 2.2yrs | US$330.06k | 0.00021% $ 78.8k |
8.4yrs
Average Tenure
62yo
Average Age
Experienced Board: VLO's board of directors are considered experienced (8.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:41 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Valero Energy Corporation is covered by 45 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Yim Cheng | Barclays |