General Counsel
Valero Energy Corp (VLO)Chief Accounting Officer
Valero Energy Corp (VLO)Equibles does not estimate personal net worth.
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Get VLO alertsJason Fraser is recorded as Chief Accounting Officer at Valero Energy Corp (VLO) since July 15, 2020 and General Counsel at Valero Energy Corp (VLO). Valero Energy Corp reported in an 8-K filed October 29, 2025 that Jason Fraser retired as Executive Vice President and Chief Financial Officer, effective December 31, 2025. The proxy statement of Valero Energy Corp reports total compensation of $11,266,881 for Jason Fraser in fiscal 2025, including a base salary of $988,490. Disclosed compensation is on record for 5 fiscal years. Jason Fraser has spoken on 19 earnings calls across 1 company, most recently for Valero Energy Corp on April 24, 2025. Valero Energy Corp is classified in the Oil & Gas Refining & Marketing industry within the Energy sector. Other leadership on record at Valero Energy Corp includes R. Lane Riggs (CEO, Chairman, COO and Board Member), Joseph W. Gorder (Chairman), Homer Bhullar (CFO) and 7 others.
“Mr. Bhullar will succeed Jason Fraser, who on October 28, 2025, submitted notice of his retirement as Executive Vice President and Chief Financial Officer on the close of business on December 31, 2025, and as an employee in the first quarter of 2026.”
“You'll get the cash for the inventory fairly quickly. The other cash will be expended that's represented by the ARO for a series of years. Several years after the closure.”
“I’m going to ask Homer to give you a little more detail on that.”
“I'll be glad to share some of our thoughts about cash. And our targeted cash balance will depend on the environment we're in, but in a normalized environment, we like to keep a cash balance between $4 billion to $5 billion as a guideline.”
“And really, we ask you to look more at our actions rather than that statement because we've been above it the majority of the time over the past several years. But we also view that more as a long-term indication through the cycle.”
2020-07-15–present
2020-07-15–2025-12-31
Oil & Gas Refining & Marketing · Energy
General Counsel, Chief Accounting Officer
2020-07-15–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Valero Energy Corp (VLO) | Retired EVP and Chief Financial Officer | $988,490 | $11,266,881 |
| 2024 | Valero Energy Corp (VLO) | EVP and Chief Financial Officer | $957,375 | $7,726,853 |
| 2023 | Valero Energy Corp (VLO) | EVP and Chief Financial Officer | $925,000 | $10,609,722 |
| 2022 | Valero Energy Corp (VLO) | EVP and Chief Financial Officer | $875,000 | $6,448,570 |
| 2021 | Valero Energy Corp (VLO) | EVP and Chief Financial Officer | $825,000 | $8,387,171 |
