Valero 2009 Annual Report Download

Download and view the complete annual report

Please find the complete 2009 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.

Page out of 26

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26

VALERO ENERGY CORPORATION 2009 SUMMARY ANNUAL REPORT

Table of contents

  • Page 1
    VALERO ENERGY CORPORATION 2009 SUMMARY ANNUAL REPORT

  • Page 2
    ... for Valero and the refining industry. We worked hard to enhance our profitability amid difficult market conditions by focusing on reducing our operating costs, improving our operations, upgrading our portfolio of assets and executing on attractive acquisitions. We will continue this work in 2010...

  • Page 3
    ... Our products improve people's lives. 2 3 We are committed to our vision to be a world-class competitor in the global energy business, generating industry-leading returns on investments in an employeefocused, socially conscious, community-minded, safe, reliable and environmentally responsible way...

  • Page 4

  • Page 5
    ... heating oil, jet fuel, lubricants and hundreds of petrochemical building blocks greatly enhance our world. The addition of alternative fuels to our product slate contributes to important growing sources of energy, with corn-based ethanol playing a significant role. The fuels produced by Valero give...

  • Page 6
    Our products

  • Page 7
    improve people's lives.

  • Page 8

  • Page 9
    ...-class competitor in the global energy business, generating industry-leading returns on our investments. In challenging times, it is easy to focus on the shortterm and lose sight of a long-term vision for the future. Valero is engaged in a disciplined strategy to realize our vision using an employee...

  • Page 10
    Our vision is to be a world-class competitor in the global energy business,

  • Page 11
    generating industry-leading returns on our investments.

  • Page 12

  • Page 13
    ... With individual employees acting as stewards of the company's dollars, we have reduced costs in significant ways. While 2010 will be another difficult year for refiners, we believe the actions we have taken, and continue to take, will strengthen our company and return Valero to profitability as the...

  • Page 14
    We will strengthen our company

  • Page 15
    to restore profitability.

  • Page 16
    ...TEXAS CITY RETAIL AND BRANDED WHOLESALE PRESENCE WHOLESALE MARKETING PRESENCE VALERO REFINERIES VALERO ETHANOL PLANTS CAMERON HIGHWAY OIL PIPELINE PROJECT (JOINT VENTURE) THIRD-PARTY OFFSHORE PLATFORMS VALERO HEADQUARTERS _ ULTRAMAR CANADIAN OPERATIONS CREDIT CARD CENTER Valero Energy Corporation...

  • Page 17
    ... a financial summary. The company's full, audited financial statements are contained in its Annual Report on Form 10-K for the year ended December 31, 2009, which has been filed with the SEC and made available to all stockholders. This information is also available at www.valero.com [Millions of...

  • Page 18
    ... not reflect the many accomplishments achieved by our hard-working, dedicated employees. Here are a few highlights: Safety - Valero employees recorded the second-lowest recordable injury rate in company history. Our contractors achieved their lowest-ever recordable injury rate. Year after year, our...

  • Page 19
    ...Open and Benefit for Children Golf Classic to the United Way, National MS Society, Habitat for Humanity and dozens of local food banks and children's charities. In 2009, Valero Volunteers devoted more than 142,000 hours to charities across the U.S. and Canada. Meanwhile, the Valero Energy Foundation...

  • Page 20

  • Page 21
    ...-class competitor in the global energy business, the company is undergoing a critical analysis of every aspect of its business - implementing aggressive action plans to achieve its goals and restore profitability. and Valero's executive management team, led by CEO Bill Klesse and five Executive Vice...

  • Page 22
    ... of crude oil. Going forward, we will continue to adapt to changing market conditions and implement projects to increase the flexibility of our refineries. We also look forward to adding Canadian crude to further diversify our feedstock sourcing in early 2013. TransCanada's Keystone XL pipeline has...

  • Page 23
    ... lasting change. Valero recognizes that the neighborhoods and communities surrounding our refineries, ethanol plants, retail stores and terminals are a part of who we are. We have an obligation to work as efficiently, smartly and as safely as we can so that everyone can benefit. Valero employees and...

  • Page 24
    ... R. Klesse Chairman of the Board, Chief Executive Officer and President of Valero Energy Corporation Robert A. Profusek A Partner in the law firm of Jones Day and Practice Leader of Mergers & Acquisitions Ruben M. Escobedo Retired owner of Ruben Escobedo & Company, CPAs, in San Antonio, Texas

  • Page 25
    ...Investor Relations Department. Valero's 2009 Annual Report on Form 10-K and the Proxy Statement also may be accessed at www.valero.com. Contact Information VALERO CORPORATE HEADQUARTERS INVESTOR INQUIRIES MEDIA INQUIRIES One Valero Way San Antonio, TX 78249-1616 (210) 345-2000 WEB SITE www.valero...

  • Page 26
    Valero Energy Corporation One Valero Way San Antonio, Texas 78249 www.valero.com