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VLO, risk-factor evolution

Item 1A (Risk Factors) year-over-year changes. Pre-computed at ingest time: paragraph adds/removes plus term-frequency cosine similarity between consecutive years.

📞 Earnings calls for VLO on Subtext ↗

Section length over time

027075415812210830201720182019202020212022202320242025
  • Carried over
  • Newly added

Item 1A word count by fiscal year, split into text carried over from the prior year vs. newly added (from year-over-year diffs).

Year-over-year transitions

YearsSimilarityAddedRemovedSection length
20152017
0.99
+4366-41214366 wordsDiff →
20172018
1.00
+4608-43664608 wordsDiff →
20182019
1.00
+5190-46085190 wordsDiff →
20192020
0.99
+7540-51907540 wordsDiff →
20202021
0.99
+9381-75409381 wordsDiff →
20212022
0.99
+9525-92479659 wordsDiff →
20222023
0.99
+9451-94699641 wordsDiff →
20232024
1.00
+9553-93499845 wordsDiff →
20242025
1.00
+9248-93069787 wordsDiff →