Valero 2002 Annual Report Download - page 3

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VALERO ENERGY CORPORATION
WE’RE BIGGER
&BETTER THAN EVER!
2002 SUMMARY ANNUAL REPORT
Valero Energy Corporation (NYSE: VLO) is a bigger, better company after
experiencing five years of record-breaking growth, culminating with the
company’s acquisition of Ultramar Diamond Shamrock Corporation on
Dec. 31, 2001. Today, Valero is a Fortune 100 company based in San Antonio,
with approximately 20,000 employees and annual revenues of nearly $30
billion. The company currently owns and operates 12 refineries in the
United States and Canada with a combined throughput capacity of nearly
2 million barrels per day (BPD), making it one of the nation’s top refiners of
petroleum products. Through its pipeline network and ownership interest in
Valero L.P. (NYSE: VLI), Valero has a stake in 4,800 miles of refined product
and crude oil pipelines, which complement its refining and marketing assets
in the U.S. Southwest and Mid-Continent regions. Valero markets its products
through an extensive network that includes approximately 4,100 retail and
branded wholesale sites in the United States and Canada under various brand
names including Diamond Shamrock, Valero, Ultramar, Beacon and Total.
In addition to this network, Valero markets on a wholesale basis through a bulk
and rack marketing network in 40 U.S. states, Canada and Latin America.
Valero’s Three Rivers Refinery
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