VALERO ENERGY CORP/TX (VLO) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 1.26% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

300M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

VLO currently has 298M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.26% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 30, 2026	10-Q filing \| 298.0M shares outstanding	300M
Oct 23, 2025	10-Q filing \| 309.0M shares outstanding	310M
Apr 24, 2025	10-Q filing \| 314.0M shares outstanding	310M
Feb 26, 2025	10-K filing \| 322.0M shares outstanding	320M
Oct 30, 2024	10-Q filing \| 318.0M shares outstanding	320M
Jul 25, 2024	10-Q filing \| 324.0M shares outstanding	320M
Apr 25, 2024	10-Q filing \| 331.0M shares outstanding	330M
Feb 22, 2024	10-K filing \| 353.0M shares outstanding	350M
Oct 26, 2023	10-Q filing \| 349.0M shares outstanding	350M
Jul 27, 2023	10-Q filing \| 358.0M shares outstanding	360M
Apr 27, 2023	10-Q filing \| 369.0M shares outstanding	370M
Feb 23, 2023	10-K filing \| 395.0M shares outstanding	400M
Oct 26, 2022	10-Q filing \| 390.0M shares outstanding	390M
Jul 28, 2022	10-Q filing \| 404.0M shares outstanding	400M
Apr 28, 2022	10-Q filing \| 408.0M shares outstanding	410M
Feb 22, 2022	10-K filing \| 407.0M shares outstanding	410M
Oct 27, 2021	10-Q filing \| 408.0M shares outstanding	410M
Jul 29, 2021	10-Q filing \| 407.0M shares outstanding	410M
Apr 30, 2021	10-Q filing \| 407.0M shares outstanding	410M
Feb 23, 2021	10-K filing \| 407.0M shares outstanding	410M
Oct 28, 2020	10-Q filing \| 407.0M shares outstanding	410M
Jul 31, 2020	10-Q filing \| 407.0M shares outstanding	410M
Apr 29, 2020	10-Q filing \| 408.0M shares outstanding	410M
Feb 26, 2020	10-K filing \| 413.0M shares outstanding	410M

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