Valero 2011 Annual Report Download - page 14

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14 | VALERO ENERGY CORPORATION
By most every measure, Valero
continues to make the grade in
its operations, with the ultimate
goal to grow long-term value.
One very important measure is
how Valero stacks up with its peers.
Refining industry benchmark studies
show our portfolio
continues to improve.
Our goal is to be a first-
quartile refiner, ranking
in the top 25 percent
of refiners in industry
performance measures.
Out of 80 refineries in the U.S. that
participate in an annual Solomon
Associates study, our Bill Greehey
Refinery East and West plants in
Corpus Christi, as well as our Houston,
Wilmington, Port Arthur and ree
Rivers refineries, ranked in the top
10 percent in one or more categories
including maintenance cost, cash
operating expense, personnel
efficiency, energy efficiency and
mechanical availability. e Corpus
Christi plants ranked No. 1 in
maintenance cost, and No. 2 in cash
operating expense and personnel
efficiency, while Houston was No. 1
in personnel efficiency.
In addition, out of 12 Canadian
refineries that participate in the study,
our Jean Gaulin Refinery in Quebec
ranked No. 1 in cash operating
expense and in maintenance cost, and
No. 2 in personnel efficiency.
Overall, our refineries have reached
first-quartile performance in
mechanical availability, the highest-
level indicator of reliability, and are
progressing toward first-quartile in
energy efficiency. We continue to work
with lesser-performing plants to raise
the entire portfolio.
Valero is competitive in safety, as well.
e Houston Refinery earned the
Distinguished Safety Award for 2011
from American Fuel & Petrochemical
Manufacturers, formerly
the National Petrochemical
& Refiners Association. It is
the industry group’s most
prestigious recognition. At
the end of 2011, the refinery
completed two straight years without
an employee or contractor recordable
injury, and more than five years
without a contractor lost-time injury.
Our ongoing cost-savings programs
have contributed to Valero’s
competitiveness and improved
financial performance. Our goal in
2011 was $100 million in savings, but
we reached $200 million.
Our goal is to be a first-quartile refiner,
ranking in the top 25 percent of refiners in
industry performance measures.
MAKING THE GRADE
FOR COMPETITIVE OPERATIONS
MAKING THE GRADE
FOR COMPETITIVE OPERATIONS
14 | VALERO ENERGY CORPORATION