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• • • Valero Valero Energy Reports Second Quarter 2021 Results Reported net income attributable to Valero stockholders of $ 162 million , or $ 0.39 per share . Reported adjusted net income attributable to Valero stockholders of $ 197 million , or $ 0.48 per share . Returned $ 401 million in cash to stockholders through dividends . Declared a regular quarterly cash dividend of $ 0.98 per share payable in the third quarter . Advanced the expected completion of the Diamond Green Diesel project at Port Arthur ( DGD 3 ) to the first half of 2023 versus the prior estimate of the second half of 2023 . SAN ANTONIO , July 29 , 2021 - Valero Energy Corporation ( NYSE : VLO , “ Valero " ) today reported net income attributable to Valero stockholders of $ 162 million , or $ 0.39 per share , for the second quarter of 2021 , compared to $ 1.3 billion , or $ 3.07 per share , for the second quarter of 2020. Excluding the adjustments shown in the accompanying earnings release tables , second quarter 2021 adjusted net income attributable to Valero stockholders was $ 197 million , or $ 0.48 per share , compared to an adjusted net loss attributable to Valero stockholders of $ 504 million , or $ 1.25 per share , in the second quarter of 2020. Second quarter 2020 adjusted results exclude the benefit from an after - tax lower of cost or market , or LCM , inventory valuation adjustment of $ 1.8 billion . Refining The refining segment reported $ 349 million of operating income for the second quarter of 2021 , compared to $ 1.8 billion for the second quarter of 2020. The second quarter 2021 adjusted operating income was $ 361 million , compared to an adjusted operating loss of $ 383 million in the second quarter of 2020 , which excludes the LCM inventory valuation adjustment . Refinery throughput volumes averaged 2.8 million barrels per day in the second quarter of 2021 , which was 514 thousand barrels per day higher than the second quarter of 2020 .