Renewable Diesel Driving Low Carbon Results
Operational Flexibility and Refinery Optimization
Provide Competitive Advantage
Our operational flexibility and optimization to
quickly shift light product yields as market
conditions signal move from "max gasoline" to
"max distillate" enables higher margin capture
Demand impacts from COVID-19 drove yields to
swing between both extremes within a few
months
59%
• VLO has demonstrated a wider range of yields for
gasoline, kerosene, jet fuel, and diesel versus the
industry
INVESTOR PRESENTATION | JUNE 2021
2012-2021 Refinery Product Yield Ranges
(monthly averages)
VLO
Industry
51%
12%
11%
40%
38%
42%
41%
4%
23%
2%
Finished Gasoline
Kerosene / Jet
Diesel
27%
Source: Monthly industry refinery yields from EIA through February 2021.
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