Renewable Diesel Driving Low Carbon Results
SIZE, SCALE AND GLOBAL REACH
EXTENSIVE CONNECTIVITY AND GLOBAL OPTIMIZATION
LOWEST COST PRODUCER
TOP QUARTILE OPERATIONS
DISCIPLINED INVESTMENTS
GROWTH WITH LOWER VOLATILITY
PREMIER REFINING PORTFOLIO THAT IS RESILIENT EVEN IN A CARBON-CONSTRAINED SCENARIO
志
SIZE, SCALE AND GLOBAL REACH
high complexity coastal system
with extensive connectivity to
inland and imported crudes
operational flexibility to
process a wide range of
feedstocks
ratable wholesale supply of
1.2 million barrels per day or
over 50% of our light products
LOWEST COST PRODUCER
safety and reliability are imperative
for profitability
•
global operations support optimization of
product exports
one of the largest light products importers
into Mexico
WHILE ACHIEVING TOP QUARTILE OPERATIONS
INVESTMENTS IN EFFICIENCY,
reducing cost and improving margin
capture
•
•
Wilmington and Pembroke cogens
top quartile mechanical availability
minimizes unplanned downtime and costs
St. Charles and Port Arthur hydrocrackers
.
Port Arthur coker
Houston and St. Charles alkylation units
INVESTOR PRESENTATION | JUNE 2021
access to cheap natural gas and a deep pool
of skilled labor on the U.S. Gulf Coast
MARKET EXPANSION AND HIGHER MARGIN CAPTURE
improving feedstock flexibility, cost and
crude quality
Diamond, Sunrise and Red River pipelines
connectivity in Corpus Christi
Line 9 into Quebec
• Houston and Corpus Christi toppers
growing market share into higher netback
markets
Long-term,
sustainable
competitive
advantage
$2,213
Valero
Highest
Free Cash Flow
within Peer
Group
Peer Range
Average Free Cash Flow
2012-2020
•
• Central Texas pipelines and terminals
Pasadena terminal
$0
•
expansion into Latin America with
investments in Mexico and Peru
($ in millions)
Valero 13
See slides 23-24 for notes regarding this slide. See slides 43-53 for non-GAAP disclosures.
Peer group includes PSX, MPC, HFC, and PBF.View entire presentation