Valero 2004 Annual Report Download - page 3

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1
Va l e r o ฀ E n e r g y ฀ C o r p or a t i o n
s u m m a r y ฀ a n n u a l ฀ r e p o r t
S u m m a r y ฀ A n n u a l ฀ Re p o r t
In฀an฀effort฀to฀provide฀shareholders฀with฀more฀effective฀communications,฀Valero฀Energy฀Corporation฀has฀adopted฀a฀summary฀
annual฀report฀format,฀which฀provides฀condensed฀financial฀disclosure.฀The฀company’s฀full฀financial฀statements฀are฀contained฀in฀
its฀Annual฀Report฀on฀Form฀10-K฀for฀the฀year฀ended฀December฀31,฀2004,฀which฀is฀provided฀to฀all฀shareholders.
2004฀TO TA L ฀ S H A R E H O L D E R ฀ R E T U R N
S&P฀11%฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀VLO฀98%
฀฀ $ 54,619 $฀37,969
฀฀ $ 2,979 $฀ 1,222
฀฀ $ 1,804 $฀ 622
฀฀฀‒฀
฀฀฀฀฀฀ $ 6.53 $฀ 2.55
฀฀ $ 19,392 $฀15,664
’฀฀ $ 7,798 $฀ 5,735
฀฀฀฀
฀฀฀฀฀฀฀฀ $ 1,596 $฀ 1,112
2004 ฀฀฀฀฀฀฀2003
                   
(Millions of Dollars, Except per Share Amounts)
AND฀BEING฀DIFFERENT฀HAS฀PAID฀OFF฀FOR฀OUR฀SHAREHOLDERS!