Valero Energy Corporation (NYSE: VLO) announced a significant expansion of its share repurchase authorization, giving the company additional capacity to buy back its common stock. On July 16, 2026, Valero’s board of directors authorized the company to repurchase up to $5.0 billion of its outstanding common stock. The new authorization has no expiration date and is in addition to the company’s previously approved repurchase program. That earlier program was approved by the board on February 25, 2026, and allowed Valero to repurchase shares for a total cost of up to $2.5 billion, also with no expiration date. As of June 30, 2026, Valero reported that $1.4 billion remained available under the February 2026 program. Based on that June 30 remaining balance, the new authorization could bring Valero’s total stated repurchase capacity to approximately $6.4 billion, before accounting for any repurchases that may have occurred after June 30. The filing does not report any specific repurchase transactions, share counts, purchase prices, or timing for future buybacks. It also does not state that Valero is obligated to repurchase any particular amount of stock. Share repurchase authorizations generally give management flexibility to buy shares in the open market or through other methods depending on market conditions, capital allocation priorities, and corporate needs. Valero disclosed the action under Item 7.01, Regulation FD Disclosure. The company noted that the information was being “furnished” rather than “filed” under the Securities Exchange Act, a standard distinction that limits certain legal liability and means the disclosure is not automatically incorporated into other securities filings unless specifically stated. The report was signed July 16, 2026, by Homer S. Bhullar, Valero’s Senior Vice President and Chief Financial Officer.