Valero 2005 Annual Report Download - page 3

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2 0 0 5 T O T A L S H A R E H O L D E R R E T U R N
VLO 128% S&P 500 5%
OPERATING REVENUES $ 82,162 $54,619
OPERATING INCOME $ 5,459 $ 2,979
NET INCOME $ 3,590 $ 1,804
EARNINGS PER COMMON SHARE –
ASSUMING DILUTION $ 6.10 $ 3.27
TOTAL ASSETS $ 32,728 $19,392
STOCKHOLDERS’ EQUITY $ 15,050 $ 7,798
CAPITAL EXPENDITURES AND DEFERRED
TURNAROUND AND CATALYST COSTS $ 2,574 $ 1,596
2005 2004
F I N A N C I A L H I G H L I G H T S
(Millions of Dollars, Except per Share Amounts)
S U M M A R Y A N N U A L R E 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. e company’s full financial statements are contained in its Annual Report on
Form 10-K for the year ended December 31, 2005, which is provided to all shareholders.
25 YEARS OF ACHIEVEMENT
MADE US NORTH AMERICA’S NUMBER ONE REFINER