瓦莱罗能源Valero Energy Corp. (VLO) 2005年年度报告「NYSE」.pdf

1、NO 11 historic Year Topping Off 25 Years of AchievementRefiner in North AmericaVALEROENERGY CORPORATION2005 Summary Annual ReportC O N T E N T sFinancial HigHligHts 1letter to sHareHolders 2tHumbs up For anotHer record Year 6Valero Has grown Hand oVer Fist 8a Hands-on approacH to operations 12Hands

2、down tHe best strategY 14Valeros brand roll-out grabs national attention 16saFetY,reliabilitY&proFitabilitY go Hand in Hand 18emploYees single-HandedlY made Valero americas tHird best emploYer 20lending a Helping Hand to our communities 22condensed Financial statements 24YouVe got to Hand it to our

3、emploYees For tHe manY Honors tHeYVe earned 30board oF directors 31tHe nYse Handed out compliments For marking 25 Years oF success 32sHareHolder inFormation 332005 ToTal Shareholder reTurn VLO 128%S&P 500 5%operating revenues$82,162$54,619operating income$5,459$2,979net income$3,590$1,804earnings pe

4、r common share assuming dilution$6.10$3.27total assets$32,728$19,392stockholders equity$15,050$7,798capital expenditures and deferred turnaround and catalyst costs$2,574$1,596 2005 2004financial highlighTS(Millions of Dollars,Except per Share Amounts)Summary annual reporTIn an effort to provide shar

5、eholders with more effective communications,Valero Energy Corporation has adopted a summary 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 31,2005,which is provided

6、to all shareholders.25 yearS of achieVemenTMade uS nOrth aMericaS nuMber One refiner Bill greeheychairMan Of the bOardBill KleSSechief executiVe Officer&Vice chairMan Of the bOard Va le ro en e r g y C o rporat ionpictured at the Valero Memphis refinery,one of the assets purchased as part of the pre