Valero(VLO) - 2025 Q1 - Quarterly Results

Refinery Operations - Valero Energy Corporation's subsidiary plans to idle or cease operations at the Benicia Refinery by the end of April 2026[6] Impairment Charges - A combined pre-tax impairment charge of $1.1 billion was recorded for the Benicia and Wilmington refineries, expected to be treated as a special item[7] - The impairment charge includes$337 million for expected asset retirement obligations as of March 31, 2025[7]