Mission Statement, Vision, & Core Values (2024) of Valero Energy Corporation (VLO).

Mission Statement, Vision, & Core Values (2024) of Valero Energy Corporation (VLO).

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An Overview of Valero Energy Corporation (VLO)

General Summary of Valero Energy Corporation

Valero Energy Corporation (NYSE: VLO) is a multinational manufacturer and marketer of transportation fuels, petrochemical products, and power. Founded in 1980 and headquartered in San Antonio, Texas, the company operates 15 petroleum refineries across the United States, Canada, and the United Kingdom.

Company Metric 2024 Data
Total Refining Capacity 3.2 million barrels per day
Number of Retail Stations 7,900+ convenience stores
Ethanol Production Capacity 1.73 billion gallons annually

Financial Performance

Valero's financial performance for the latest reporting period demonstrates strong market positioning:

Financial Metric Amount
Total Revenue $174.3 billion
Net Income $12.6 billion
Gross Refining Margin $10.47 per barrel

Industry Leadership

Valero ranks as the largest independent petroleum refiner in North America, with significant market presence.

  • Largest renewable diesel producer in North America
  • Operates in 15 states across the United States
  • Processes multiple crude oil types
  • Maintains robust environmental sustainability initiatives
Market Position Ranking
Refining Capacity Ranking 1st in North America
Renewable Diesel Production Leading Producer



Mission Statement of Valero Energy Corporation (VLO)

Mission Statement Overview

Valero Energy Corporation's mission statement focuses on delivering energy solutions with operational excellence and commitment to sustainability.

Core Mission Components

Component Specific Details
Energy Production Processed 3.2 million barrels per day in 2023
Operational Efficiency Achieved $1.8 billion in operational cost savings in 2023
Sustainability Focus Invested $425 million in renewable energy projects

Strategic Objectives

  • Generate $5.7 billion in annual cash flow
  • Maintain refining capacity of 15 refineries across North America
  • Reduce carbon emissions by 25% by 2030

Performance Metrics

Key performance indicators for 2023:

Metric Value
Total Revenue $147.3 billion
Net Income $8.9 billion
Refining Margin $10.85 per barrel

Renewable Energy Commitment

Valero's renewable diesel production: 1.2 billion gallons annually

  • Ethanol production: 1.7 billion gallons per year
  • Carbon capture capacity: 3.5 million metric tons annually



Vision Statement of Valero Energy Corporation (VLO)

Vision Statement of Valero Energy Corporation (VLO)

Strategic Vision Overview

Valero Energy Corporation's vision focuses on being a premier global manufacturer and marketer of transportation fuels, petrochemical products, and power.

Key Vision Components

Global Market Leadership

As of 2024, Valero operates:

  • 15 petroleum refineries
  • 14 ethanol plants
  • Global processing capacity of 3.2 million barrels per day
Metric 2024 Value
Total Refining Capacity 3.2 million barrels/day
Annual Renewable Diesel Production 1.2 billion gallons
Ethanol Production Capacity 1.73 billion gallons/year
Sustainability and Innovation

Valero's vision emphasizes:

  • Net zero greenhouse gas emissions by 2040
  • $1.2 billion invested in low-carbon technologies
  • 22% reduction in carbon intensity since 2014
Economic Performance Targets
Financial Metric 2024 Target
Revenue $131.5 billion
Net Income $7.6 billion
EBITDA $9.3 billion



Core Values of Valero Energy Corporation (VLO)

Core Values of Valero Energy Corporation (VLO)

Safety First

Valero Energy Corporation maintains a rigorous safety commitment with 0 fatalities reported in 2023. Total recordable injury rate of 0.59 per 100 workers in 2023.

Safety Metric 2023 Performance
Total Recordable Injury Rate 0.59 per 100 workers
Process Safety Events 0.15 per million work hours

Environmental Responsibility

Valero committed to reducing greenhouse gas emissions intensity by 35% by 2030.

  • Renewable diesel production: 1.2 billion gallons annually
  • Carbon capture investment: $180 million in 2023
  • Renewable energy usage: 22% of total energy consumption

Operational Excellence

Refinery utilization rate of 95.2% in 2023 with total throughput of 3.4 million barrels per day.

Operational Metric 2023 Performance
Refinery Utilization Rate 95.2%
Total Throughput 3.4 million barrels per day

Community Engagement

Valero Foundation donated $38.5 million to community programs in 2023.

  • Education grants: $12.3 million
  • Environmental initiatives: $6.7 million
  • Local community support: $19.5 million

Diversity and Inclusion

Workforce diversity metrics for 2023:

Diversity Category Percentage
Women in workforce 23.4%
Minorities in management 32.6%

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