Valero Energy outlines $2B capital expenditure plan for 2026, including $250M for Port Arthur DHT unit repairs.
Valero Energy Corporation announced a $2 billion capital expenditure plan for 2026, targeting operational improvements and repairs. The plan includes $250 million allocated for restoring the Port Arthur distillate hydrotreater (DHT) unit, expected to return to service by year-end.
The company reported strong Q2 2026 performance, driven by operational and commercial gains across its refining, renewable diesel, and ethanol segments. Management highlighted geopolitical and macroeconomic factors as ongoing risks but emphasized resilience in its business model.
No immediate market reaction was disclosed in the earnings call insights.