Valero 2005 Annual Report Download - page 2

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Please find page 2 of the 2005 Valero annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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C O N T E N T S
FINANCIAL HIGHLIGHTS 1
LETTER TO SHAREHOLDERS 2
THUMBS UP FOR ANOTHER RECORD YEAR 6
VALERO HAS GROWN HAND OVER FIST 8
A HANDS-ON APPROACH TO OPERATIONS 12
HANDS DOWN THE BEST STRATEGY 14
VALERO’S BRAND ROLL-OUT GRABS
NATIONAL ATTENTION 16
SAFETY, RELIABILITY & PROFITABILITY
GO HAND IN HAND 18
EMPLOYEES SINGLE-HANDEDLY MADE VALERO
AMERICA’S THIRD BEST EMPLOYER 20
LENDING A HELPING HAND TO OUR
COMMUNITIES 22
CONDENSED FINANCIAL STATEMENTS 24
YOU’VE GOT TO HAND IT TO OUR EMPLOYEES
FOR THE MANY HONORS THEY’VE EARNED 30
BOARD OF DIRECTORS 31
THE NYSE HANDED OUT COMPLIMENTS FOR
MARKING 25 YEARS OF SUCCESS 32
SHAREHOLDER INFORMATION 33