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Table of Contents
VALERO ENERGY CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Our principal products include conventional and CARB gasolines, RBOB (reformulated gasoline blendstock for oxygenate blending),
ultra-low-sulfur diesel, and gasoline blendstocks. We also produce a substantial slate of middle distillates, jet fuel, and petrochemicals,
in addition to lube oils and asphalt. Other product revenues include such products as gas oils, No. 6 fuel oil, and petroleum coke.
Operating revenues from external customers for our principal products were as follows (in millions):
Year Ended December 31,
2015
2014
2013
Refining:
Gasolines and blendstocks $ 38,983
$ 56,846
$ 57,806
Distillates 38,093
57,521
56,921
Petrochemicals 1,824
3,759
4,281
Lubes and asphalts 874
1,397
1,643
Other product revenues 4,747
6,481
8,413
Total refining operating revenues 84,521
126,004
129,064
Ethanol:
Ethanol 2,628
4,192
4,245
Distillers grains 655
648
869
Total ethanol operating revenues 3,283
4,840
5,114
Retail:
Fuel sales (gasoline and diesel) —
—
3,226
Merchandise sales and other —
—
524
Home heating oil —
—
146
Total retail operating revenues —
—
3,896
Total operating revenues $ 87,804
$ 130,844
$ 138,074
Operating revenues by geographic area are shown in the table below (in millions). The geographic area is based on location of
customer and no customer accounted for 10 percent or more of our operating revenues.
Year Ended December 31,
2015
2014
2013
U.S. $ 60,319
$ 91,499
$ 100,418
Canada 6,841
10,410
9,974
U.K. and Ireland 11,232
14,182
13,675
Other countries 9,412
14,753
14,007
Total operating revenues $ 87,804
$ 130,844
$ 138,074
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