Valero Energy's Board of Directors has authorized a new program to repurchase up to $5.0 billion of the company's outstanding common stock. This new authorization is in addition to the amount remaining under its previous program, significantly increasing the company's total capacity for share buybacks.
Key Details
- New Authorization: The Board approved a new $5.0 billion share repurchase program on July 16, 2026, with no expiration date.
- Existing Program: This is supplemental to the February 2026 program, which had $1.4 billion remaining available for repurchase as of June 30, 2026.
- Total Availability: The new authorization brings Valero's total available amount for share repurchases to approximately $6.4 billion.