瓦莱罗能源Valero Energy Corp. (VLO) 2002年年度报告「NYSE」.pdf

1、2002 SUMMARY ANNUAL REPORTVALERO ENERGY CORPORATIONTABLE OF CONTENTS03LETTER TO SHAREHOLDERS06FINANCIAL HIGHLIGHTS07BIGGER&BETTER FROM COAST TO COAST10OPERATIONS:THE BIG PICTURE19CONDENSED FINANCIAL INFORMATION26OUR MANAGEMENT TEAM28OUR BOARD OF DIRECTORS29SHAREHOLDER INFORMATIONVA L E R O E N E R G

2、 Y C O R P O R AT I O NWERE BIGGER&BETTER THAN EVER!2 0 0 2S U M M A RY A N N U A L R E P O RTValero Energy Corporation(NYSE:VLO)is a bigger,better company afterexperiencing five years of record-breaking growth,culminating with thecompanys acquisition of Ultramar Diamond Shamrock Corporation on Dec.

3、31,2001.Today,Valero is a Fortune 100 company based in San Antonio,with approximately 20,000 employees and annual revenues of nearly$30billion.The company currently owns and operates 12 refineries in theUnited States and Canada with a combined throughput capacity of nearly 2 million barrels per day(

4、BPD),making it one of the nations top refiners ofpetroleum products.Through its pipeline network and ownership interest inValero L.P.(NYSE:VLI),Valero has a stake in 4,800 miles of refined productand crude oil pipelines,which complement its refining and marketing assetsin the U.S.Southwest and Mid-C

5、ontinent regions.Valero markets its productsthrough an extensive network that includes approximately 4,100 retail andbranded wholesale sites in the United States and Canada under various brandnames including Diamond Shamrock,Valero,Ultramar,Beacon and Total.In addition to this network,Valero markets

6、 on a wholesale basis through a bulkand rack marketing network in 40 U.S.states,Canada and Latin America.Valeros Three Rivers RefineryWhile 2002 was a difficult year for the refining industry,it was a year of major accomplishments at Valero.The acquisition of Ultramar Diamond Shamrock(UDS)at the clo