| Business Summary | | Valero
Energy
Corporation
is
an
independent
petroleum
refining
and
marketing
company
thates
in
the
United
States.
Valero
owns
and
operates
six
refineries
in
Texas,
California,
Louisiana
and
New
Jersey
with
a
combined
throughput
capacity
of
approximately
one
million
barrels
per
day
(BPD)
(723,000
BPD
of
crude
capacity).
Valero
produces
premium,
environmentally
clean
products
such
as
reformulated
gasoline,
low-sulfur
diesel
and
oxygenates,
and
is
able
to
produce
gasoline
meeting
specifications
of
the
California
Air
Resources
Board
(CARB)
gasoline.
Valero
also
produces
a
substantial
slate
of
middle
distillates,
jet
fuel
and
petrochemicals.
Valero
markets
its
products
in
34
states
through
an
extensive
wholesale
bulk
and
rack
marketing
network,
and
in
California
through
approximately
350
retail
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VLO
is
engaged
in
the
production,
transportation
andmarketing
of
environmentally
clean
fuels
and
products.
Products
include
reformulated
gasoline,
low-sulfur
diesel
and
oxygenates.
For
the
six
months
ended
6/30/01,
revenues
increased
31%
to
$8.27
billion.
Net
income
totaled
$410.9
million,
up
from
$118.4
million.
Revenues
reflect
an
increase
in
the
average
sales
price
per
barrel.
Earnings
also
reflect
decreased
operating
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Greehey, 64 Chairman,
CEO, Pres | $12.5M | -- | John Gibbons, 47 CFO,
Exec. VP | 1.1M | $57K | Gregory King, 40 COO,
Exec. VP | 1.2M | 250K | John Hohnholt, 48 Sr.
VP | 956K | 57K | Gary Arthur, Jr., 44 VP | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|