Valero 2015 Annual Report Download - page 42
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Table of Contents
Refining Operating Highlights by Region (b) (g)
(millions of dollars, except per barrel amounts)
Year Ended December 31,
2014
2013
Change
U.S. Gulf Coast (a):
Operating income $ 3,368
$ 2,375
$ 993
Throughput volumes (thousand BPD) 1,600
1,523
77
Throughput margin per barrel (e) $ 11.03
$ 9.57
$ 1.46
Operating costs per barrel:
Operating expenses 3.66
3.67
(0.01)
Depreciation and amortization expense 1.60
1.63
(0.03)
Total operating costs per barrel 5.26
5.30
(0.04)
Operating income per barrel $ 5.77
$ 4.27
$ 1.50
U.S. Mid-Continent:
Operating income $ 1,323
$ 1,293
$ 30
Throughput volumes (thousand BPD) 446
435
11
Throughput margin per barrel (e) $ 13.63
$ 13.37
$ 0.26
Operating costs per barrel:
Operating expenses 3.90
3.58
0.32
Depreciation and amortization expense 1.61
1.64
(0.03)
Total operating costs per barrel 5.51
5.22
0.29
Operating income per barrel $ 8.12
$ 8.15
$ (0.03)
North Atlantic:
Operating income $ 911
$ 570
$ 341
Throughput volumes (thousand BPD) 457
459
(2)
Throughput margin per barrel (e) $ 10.02
$ 7.93
$ 2.09
Operating costs per barrel:
Operating expenses 3.40
3.50
(0.10)
Depreciation and amortization expense 1.16
1.03
0.13
Total operating costs per barrel 4.56
4.53
0.03
Operating income per barrel $ 5.46
$ 3.40
$ 2.06
U.S. West Coast:
Operating income (loss) $ 53
$ (27)
$ 80
Throughput volumes (thousand BPD) 262
265
(3)
Throughput margin per barrel (e) $ 8.60
$ 7.43
$ 1.17
Operating costs per barrel:
Operating expenses 5.91
5.35
0.56
Depreciation and amortization expense 2.14
2.35
(0.21)
Total operating costs per barrel 8.05
7.70
0.35
Operating income (loss) per barrel $ 0.55
$ (0.27)
$ 0.82
Operating income for regions above $ 5,655
$ 4,211
$ 1,444
LIFO gain (b) 229
—
229
Total refining operating income $ 5,884
$ 4,211
$ 1,673
________________
See note references on page 40.