1、VALERO ENERGY CORPORATION 2009 SUMMARY ANNUAL REPORT2009 marked an exceptionally challenging year for Valero and the refining industry.We worked hard to enhance our profitability amid difficult market conditions by focusing on reducing our operating costs,improving our operations,upgrading our portf
2、olio of assets and executing on attractive acquisitions.We will continue this work in 2010,guided by our Commitment to Excellence and the three essential drivers that guide our actions:213Our products improve peoples lives.We will strengthen our company to restore profitability.We are committed to o
3、ur vision to be a world-class competitor in the global energy business,generating industry-leading returns on investments in an employee-focused,socially conscious,community-minded,safe,reliable and environmentally responsible way.Our products improve peoples lives.Throughout its history,the petrole
4、um refining industry has experienced cyclical ups and downs.But one thing remains constant our products improve peoples lives.Petroleum products power the world economy efficiently,reliably and economically.Gasoline,diesel,heating oil,jet fuel,lubricants and hundreds of petrochemical building blocks
5、 greatly enhance our world.The addition of alternative fuels to our product slate contributes to important growing sources of energy,with corn-based ethanol playing a significant role.The fuels produced by Valero give consumers the freedom to drive to work or play.Highways connect our cities and tow
6、ns.Our military has a domestic fuel supply to protect our country.If you think about what we accomplish the complexity of our processes compared with the low prices charged to deliver these products to market the results are amazing.From fuels to plastics to polymers,sulfur to asphalt,Valero is a ve