Company Profile For Valero Energy Corporation

Valero Energy Corporation, incorporated in 1981, owns and operates 16 refineries located in the United States, Canada, and Aruba that produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending (CBOB) and reformulated gasoline blendstock for oxygenate blending (RBOB). The Company markets refined products on a wholesale basis in the United States and Canada through bulk and rack marketing network. It also sells refined products through a network of about 5,800 retail and wholesale branded outlets in the United States, Canada, and Aruba. The Company operates through two segments: refining and retail.

BRIEF: For the nine months ended 30 September 2009, Valero Energy Corporation's revenues decreased 49% to $51.24B. Net loss totaled $574M vs. an income of $2.15B. Revenues reflect lower income from Refining segment and a decrease income from Retail segment. Net loss reflects an increase in depreciation & amortization expense, higher asset impairment loss and the absence of gain on sale of krotz springs refinery.