Valero Energy Corp ($VLO) Q2 2026 Earnings Call
Welcome to the Valero Energy Corp second quarter 2026 earnings call at this time all participants are in a listenon mode a ...
CEO, President & Chairman, Valero Energy
Search every verified Lane Riggs interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Lane Riggs, chairman, CEO, and president of Valero Energy, discussed the company's outlook and policy concerns during its second-quarter 2026 earnings call on July 31, 2026. He stated that the renewable identification number (RIN) market appears short, with the bank potentially being depleted between the end of 2026 and mid-2027 at the current pace. He noted that while June RIN numbers were high, many producers did not generate D4 RINs in the first quarter while awaiting the release of the renewable volume obligation (RVO), making 2026 a low production year. Riggs also expressed concern about the possibility of the RIN market becoming infeasible if the bank runs out, saying the impact on fuel prices is uncertain. On feedstock policy, he said current policy favors domestic feedstocks over foreign ones, and that taxes on renewable feedstocks could help bring more supply to market. He also said that small refinery exemptions (SREs) and resulting misallocations are increasing, rather than lowering, fuel prices, and that he has been working with policymakers to communicate that position. On the company's fourth-quarter 2024 earnings call in January 2025, Riggs commented on inventory and supply-demand balances, saying total light product inventory was 9 to 10 million barrels below the prior year's level and that supply-demand balances would gradually tighten through the year. He also discussed the transition of the BTC (blender's tax credit) to a carbon-intensity-based credit, noting that under the U.S. GREET model, credits for vegetable oils, canola oil, soybean oil, and waste oils would all be less than the previous $1 per gallon credit, which he described as a negative development for those needing the full dollar to break even.
Welcome to the Valero Energy Corp second quarter 2026 earnings call at this time all participants are in a listenon mode a ...
04/30/2026 Q&A: 12:38 Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; s…
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10/23/2025 Q&A: 11:11 Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; s…
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