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The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Valero Energy removed two risks from its 2024 10-K: COVID-19 pandemic impacts and U.S. trade agreement uncertainty, reflecting reduced concern about these external threats. The company substantively modified 16 existing risks, with notable updates to disclosures on data privacy and security liabilities, renewable and low-carbon fuel regulatory exposure, and natural gas and electricity supply dependencies. No new risks were added, indicating the company's risk profile remained largely consistent with existing operational and regulatory concerns.

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🔴 No Match in Current Filing Public health crises such as the COVID-19 pandemic have had and may continue to have, adverse impacts on our business, financial condition, results of operations, and liquidity. 🔒

🔴 No Match in Current Filing Actions by the U.S. government to enter into, withdraw from, or modify current or future trade agreements could adversely affect our business, financial condition, results of operations, and liquidity. 🔒

🟡 Modified Increasing legal and regulatory focus on data privacy and security issues could expose us to increased liability and operational changes and costs. 🔒

🟡 Modified We are subject to risks arising from the Renewable and Low-Carbon Fuel Programs, and other regulations, policies, international certifications, and standards impacting the demand for and traceability of low-carbon fuels. 🔒

🟡 Modified Our operations depend on the reliable supply of natural gas and electricity, which exposes us to various risks. 🔒

🟡 Modified We are subject to risks arising from our operations outside the U.S. and generally to worldwide political and economic developments. 🔒

🟡 Modified We are subject to risks arising from legal, political, and regulatory developments regarding climate, GHG emissions, and the environment. 🔒

🟡 Modified We are subject to risks arising from a significant breach of our information systems. 🔒

🟡 Modified We are subject to risks arising from the potential disruption of our ability to obtain feedstocks. 🔒

🟡 Modified We are subject to risks arising from an interruption in any of our refineries or plants. 🔒

🟡 Modified We are subject to interruptions and increased costs as a result of logistical disruptions and our reliance on third-party transportation of our feedstocks and products. 🔒

🟡 Modified We are subject to risks arising from severe weather events. 🔒

🟡 Modified We are subject to risks arising from litigation, regulatory proceedings, and mandatory disclosure requirements related to climate change and other ESG matters, or aimed at the fossil fuel industry. 🔒

🟡 Modified Our ability to fully insure losses arising from our operating hazards exposes us to various risks. 🔒

🟡 Modified We are subject to risks arising from industry and market developments that could decrease the demand for our products. 🔒

🟡 Modified We are subject to risks arising from sentiment towards climate change, fossil fuels, GHG emissions, environmental justice, and other environmental, social, and governance (ESG) matters. 🔒

🟡 Modified Applicable environmental, health, and safety laws expose us to various risks. 🔒

🟡 Modified Large capital and other strategic projects can take many years to complete, and the political and regulatory environments or other market conditions may change or deteriorate over time. 🔒

18 changes in this historical filing

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