瓦莱罗能源Valero Energy Corp. (VLO) 2006年年度报告「NYSE」.pdf

1、Table of Contents1 OurFinancialHighlights3 ALettertoourShareholders6 ALookatourCompanyfromCoasttoCoast9 MakingValeroaGlobalForceinRefining11DevelopingOneoftheWorldsMostComplexRefiningSystems13TurningRetailandWholesaleintoWorld-ClassCompetitors15StrongSafety,Reliability&EnvironmentalInitiativesMakeaW

2、orldofDifference17MakingourWorldaBetterPlace18FinancialInformation24OurBoardofDirectors25ShareholderInformationBestEarningsinValerosHistoryoperating revenues$91,833$82,162operating income$8,010$5,459net income$5,463$3,590earnings per common share assuming dilution$8.64$6.10total assets$37,753$32,798

3、stockholders equity$18,605$15,050capital expenditures and deferred turnaround and catalyst costs$3,756$2,57420062005(Millions of Dollars,Except per Share Amounts)SuMMARyAnnuALREPORTIn an effort to provide shareholders with more effective communications,Valero Energy Corporation has adopted a summary

4、 annual report format,which provides condensed financial disclosure.The companys full financial statements are contained in its Annual Report on Form 10-K for the year ended December 31,2006,which is provided to all shareholders.BestEarningsinValerosHistoryOur Financial HighlightsVLO AR pages 1-13 3

5、3/19/07 5:08:11 PMLetter to Shareholdersand CEO PortraitValeros Executive Management Team Pictured left to right:Joe Gorder,Executive Vice President Marketing&Supply;Rich Marcogliese,Executive Vice President Operations;Greg King,President;Bill Klesse,CEO&Chairman of the Board;Gene Edwards,Executive

6、Vice President Corporate Development&Strategic Planning;and Mike Ciskowski,Executive Vice President&Chief Financial Officer.VLO AR pages 1-13 43/19/07 5:08:25 PMA Letter to our ShareholdersVa lero energy Corporation3$200$100$300$400$500$60012/0112/0212/0312/0412/0512/06Valero Energy CorporationPeer