Valero Energy Corporation reported unaudited earnings results for the fourth quarter and full year ended of December 31, 2016. For the quarter, the company reported net income attributable to the company's stockholders of $367 million, or $0.81 per share, for the fourth quarter of 2016 compared to $298 million, or $0.62 per share, for the fourth quarter of 2015.  Operating revenues were $20,712,000 compared to $18,777,000 a year ago. Operating income was $620 million compared to $646 million a year ago. Income before income tax expense was $529 million compared to $550 million a year ago. Adjusted net income attributable to the company stockholders was $367 million, or $0.81 per share compared to $862 million or $1.79 per diluted share a year ago. Capital investments totaled $628 million in the fourth quarter of 2016.

For the year ended December 31, 2016, the company's net income attributable to the company stockholders was $2.3 billion, or $4.94 per share, compared to $4.0 billion, or $7.99 per share, for 2015.  Adjusted net income attributable to the company stockholders was $1.7 billion, or $3.72 per share, for 2016 compared to $4.6 billion, or $9.24 per share, for 2015. Operating revenues were $75,659,000 compared to $87,804,000 a year ago. Operating income was $3,572 million compared to $6,358 million a year ago. Income before income tax expense was $3,182 million compared to $5,971 million a year ago. Adjusted net income attributable to the company stockholders was $1,724 million, or $3.72 per share compared to $4,614 million or $9.24 per diluted share a year ago. Capital investments totaled $2.0 billion, consisting of $1.4 billion for sustaining the business and $600 million for growth projects.

For the full year of 2017, the company expects capital investments to be about $2.7 billion, of which $1.1 billion is for growth and $1.6 billion is for sustaining projects.