Valero 2011 Annual Report Download - page 4

4 | VALERO ENERGY CORPORATION
Since its founding in 1980, Valero
has grown to be one of the world’s
leading refiners, marketers and
corporate citizens. Valero is a company
that takes pride in what it does for
its customers, making products
that improve people’s lives, and
what it does for its communities.
As a Fortune 50 company based in San
Antonio, Texas, USA, with approximately
22,000 dedicated employees, Valero
is an international manufacturer and
marketer of transportation fuels, other
petrochemical products and power.
e company is the world’s largest
independent petroleum refiner, with
assets that include 16 refineries with a
combined throughput capacity of
3 million barrels per day, and a vast
network of pipelines and terminals. e
refineries are geographically diverse,
with locations along the United States
West and Gulf coasts, and in the Mid-
Continent, as well as in Canada, United
Kingdom and the Caribbean. Our
diversity allows us to react quickly to
shifts and regional differences in the
marketplace. For example, Valero’s
California refineries serve a huge West
Coast market; and our Gulf Coast
refineries are located in a key U.S. refining
region, with large, complex plants that
can readily serve export markets.
Valero owns and operates some of the
most complex refineries in the industry,
efficiently processing lower-cost crude
oil and other feedstocks into high-value
fuels, including diesel, gasoline, jet fuel
and specialty products such as asphalt,
propane and natural gas liquids.
Valero also is a major fuel retail
operator and wholesaler, with about
6,800 retail and branded wholesale
outlets under the Valero, Diamond
Shamrock, Shamrock and Beacon
brands in the U.S. and the Caribbean;
Ultramar in Canada; and Texaco in the
U.K. and Ireland. e company’s 1,300
company-operated stores emphasize
convenience, quality, variety and value
at modern, high-volume locations.
rough its Valero Renewables subsidiary,
Valero was the first traditional petroleum
refiner to enter large-scale ethanol
production with the purchase of 10 state-
of-the-art plants, and total production of
1.2 billion gallons per year – making Valero
one of the largest ethanol producers
in the U.S. Under Sunray Wind, Valero
operates a 50-megawatt wind farm that
produces electricity for its McKee Refinery
and a local utility. From the production
of corn ethanol to wind electrical power
to investments in emerging biofuels
processes, Valero is positioned for the
next generation of energy production.
Safety is Valero’s highest priority, with
very committed efforts under way in
both occupational and process safety.
e company also demonstrates its
commitment to all of its communities
through a variety of philanthropic efforts,
volunteer activities and educational
support programs. Valero is committed
to its employees, providing a safe work
environment, competitive pay and
benefits, and opportunities for career
advancement. Valero consistently has
been recognized as one of the world’s
most-admired refiners and marketers,
and one of the best places to work.
Valero strives every day for excellence.
From performing at the highest levels
across its refining, marketing and logistics
systems to taking a leadership role in
communities through company support
and volunteerism, Valero truly is world-
class – from continent to continent.
A LOOK AT OUR COMPANY
FROM CONTINENT TO CONTINENT
A LOOK AT OUR COMPANY
FROM CONTINENT TO CONTINENT
4 | VALERO ENERGY CORPORATION