The exact Fokker–Planck equation for the joint probability distribution of amplitude and phase of a Van der Pol oscillator perturbed by both additive and multiplicative noise sources with arbitrary nonlinear damping is first derived by the method of functional splitting of averages. We truncate this equation in the usual manner using the smallness of the damping parameter and obtain a general expression for the stationary probability density function of oscillation amplitude, which is valid for any nonlinearity in the feedback loop of the oscillator. We analyze the dependence of this stationary solution on system parameters and intensities of noise sources for two different situations: (i) Van der Pol generator with soft and hard excitation regimes; (ii) Van der Pol oscillator with negative nonlinear damping. As shown, in the first case the probability distribution of amplitude demonstrates one characteristic maximum, which indicates the presence of a stable limit cycle in the system. The non-monotonic dependence of stationary probability density function on oscillation frequency is also detected. In the second case we examine separately three situations: linear oscillator with two noise sources, nonlinear oscillator with additive noise and nonlinear oscillator with frequency fluctuations. For the last two situations, noise-induced transitions in the system under consideration are found.