Buyback Radar

Valero Energy

VLO

Valero Energy has retired 53.7% of its shares since 2006, from 621,838,191 to 287,927,461.

53.7%retired since 2006
29.6%last 5 years
7.3%last 12 months
288Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 1999half gone 1999622M shares, 2006288M200020052010201520202025
1999, 224,280,8602026-07-24, 287,927,461

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2002
1.5× more of Valero Energy today, without buying another share. It was one of 419,663,880 shares then. It is one of 287,927,461 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-02-01224,280,86010-Kcover page
20002000-02-01223,014,33210-K405cover page
20012001-02-01244,152,35210-K405cover page
20022002-02-28419,663,88010-K405cover page
20032003-02-28430,539,02410-Kcover page
20042004-02-29519,559,00010-Kcover page
20052005-02-28513,290,33210-Kcover page
20062006-01-31621,838,19110-Kcover page
20072007-12-31565,000,00010-Kfiscal-year average
20082008-12-31524,000,00010-Kfiscal-year average
20092010-01-31564,808,66810-K
20102011-02-25568,971,15610-K
20112012-01-31555,069,44210-K
20122013-01-31552,933,28510-K
20132014-01-31532,510,26310-K
20142015-01-30514,888,34810-K
20152016-01-29470,392,66510-K
20162017-01-31451,049,51910-K
20172018-01-31433,176,25810-K
20182019-01-31417,614,48710-K
20192020-01-31409,337,12610-K
20202021-02-19408,562,89110-K
20212022-02-18409,303,63010-K
20222023-02-17371,150,83610-K
20232024-02-16332,481,90810-K
20242025-02-21314,977,51910-K
20252026-02-20299,026,22610-K

Source: all 10-K filings of Valero Energy on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2007cash flow statement against share count
$33Bspent on buybacks
334Mfewer shares outstanding
$99spent per share that actually disappeared
$1.5Bpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Valero Energy in depth on Cannibal Stocks.

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