FORTUNE 500

Our annual ranking of America's largest corporations

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24. Valero Energy

Get Quote: VLO

Financials: Latest Results

Rank: 24 (Previous rank: 26)
CEO: William R. Klesse
Compare tool: Valero Energy vs. Top 10

Thanks to higher oil prices and favorable spreads in the crude market, the nation's largest oil refiner has been on the move. In March, Valero agreed to buy Chevron's Welsh refining operations for $730 million, a deal that will increase its oil output 220,000 barrels a day.

The company also is stepping up production at a number of its U.S. refineries, a big reason why analysts anticipate double-digit earnings growth in the years ahead. After reporting a big loss in 2009, in 2010 the company swung to a profit. Investors approved: Valero stock is up almost 41% in the past year. --P.N.

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Is Valero Energy a great company, or what?

Key financials	$ millions	% change from 2009
Revenues	86,034.0	22.8
Profits	324.0	N.A.
Assets	37,621.0	—
Stockholders' equity	15,025.0	—
Market value (3/25/2011)	17,029.3	—

Profits as % of
Revenues	0.4
Assets	0.9
Stockholders' equity	2.2

Earnings per share
2010 $	0.57
% change from 2009	N.A.
2000-2010 annual growth rate %	-8.6

Total return to investors	%
2010	39.5
2000-2010 annual rate	10.8

Industry: Petroleum Refining

Rank	Company	500 rank	Revenues ($ millions)
1	Exxon Mobil	2	354,674.0
2	Chevron	3	196,337.0
3	ConocoPhillips	4	184,966.0


4	Valero Energy	24	86,034.0
5	Marathon Oil	29	68,413.0
6	Sunoco	68	35,453.0
7	Hess	74	34,613.0
8	Murphy Oil	113	23,345.1
9	Tesoro	128	20,253.0
10	Holly	289	8,322.9
11	Western Refining	298	7,965.1
12	Frontier Oil	389	5,884.9

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Issue date: May 23, 2011

Revenues: Excise taxes have been deducted.
Revenues: Includes revenues from discontinued operations.

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