Page 1

• • • • Valero Valero Energy Reports Third Quarter 2021 Results Reported net income attributable to Valero stockholders of $ 463 million , or $ 1.13 per share . Reported adjusted net income attributable to Valero stockholders of $ 500 million , or $ 1.22 per share . Returned $ 400 million in cash to stockholders through dividends . Redeemed the total outstanding balance of $ 575 million Floating Rate Senior Notes due in 2023 . Completed the Diamond Green Diesel expansion project ( DGD 2 ) . Completed and started up the new Pembroke Cogeneration Unit . SAN ANTONIO , October 21 , 2021 – Valero Energy Corporation ( NYSE : VLO , " Valero ” ) today reported net income attributable to Valero stockholders of $ 463 million , or $ 1.13 per share , for the third quarter of 2021 , compared to a net loss of $ 464 million , or $ 1.14 per share , for the third quarter of 2020. Excluding the adjustments shown in the accompanying earnings release tables , third quarter 2021 adjusted net income attributable to Valero stockholders was $ 500 million , or $ 1.22 per share , compared to an adjusted net loss attributable to Valero stockholders of $ 472 million , or $ 1.16 per share , for the third quarter of 2020 . Refining The refining segment reported $ 835 million of operating income for the third quarter of 2021 , compared to a $ 629 million operating loss for the third quarter of 2020. Third quarter 2021 adjusted operating income was $ 853 million , compared to an adjusted operating loss of $ 575 million for the third quarter of 2020. Refinery throughput volumes averaged 2.9 million barrels per day in the third quarter of 2021 , which was 338 thousand barrels per day higher than the third quarter of 2020 .