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Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Irela...
The following section summarizes insights on Valero Energy Corporation's Income Tax Expense CAGR (7y):
We've identified the following companies as similar to Valero Energy Corporation because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
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Metrics similar to Income Tax Expense CAGR (7y) in the growth category include:
Seven-year compound annual growth rate in provision for taxes.
Income Tax Expense CAGR (7y) measures the seven-year compound annual growth rate in Income Tax Expense.
Compound annual growth rate (CAGR) is a commonly used business and investing term that measures the growth of a metric over multiple periods. CAGRs are useful since they reduce the effect of volatility in specific periods, unlike arithmetic means.
Growth calculations are always made in the company’s reporting currency to ensure currency fluctuations do not impact the calculation. Valero Energy’s reports in the USD currency. You can read more about Income Tax Expense here and compound annual growth rate on Wikipedia. You may also find variants three-year Income Tax Expense CAGR, and five-year Income Tax Expense CAGR useful.