VALERO

VALERO ENERGY CORPORATION

VISION STATEMENT

Advancing the Future of Energy Through Innovation, Ingenuity and Unmatched

Execution

O U R V I S I O N

Reliable + Affordable + Sustainable Energy

“The world requires reliable, affordable and sustainable energy and we

see this as an opportunity. We are committed to advancing the future of

energy through innovation, ingenuity and unmatched execution.”

INNOVATION

→

INGENUITY

→

UNMATCHED EXECUTION

ADVANCING THE FUTURE OF ENERGY: STRATEGIC INTERPRETATION

Valero's vision encompasses our role in supplying essential fuels while developing lower-carbon

opportunities through a two-track energy model.

Today's Essential Energy

Reliable transportation fuels: Gasoline,

Diesel, Jet Fuel

Petrochemical feedstocks

Complex refining and global logistics

Operational reliability and supply security

Focus on affordability and market access

Tomorrow's Lower-Carbon

Energy

Ethanol and Renewable Diesel production

Sustainable Aviation Fuel (SAF)

development

Low-carbon transportation-fuel

opportunities

Emissions reduction and process efficiency

Technological innovation and deployment

•

THE FIVE INTERLOCKING GUIDING PRINCIPLES

Safety serves as the foundation for our success, interlocking with our commitment to the environment, community, employees,

and disciplined governance.

SAFETY

Our foundation for

success and primary

operational priority.

ENVIRONMENT

Responsible

stewardship and

proactive emissions

management.

COMMUNITY

Sharing success

through

engagement and

volunteerism.

EMPLOYEES

A competitive

advantage and

critical source of

capability.

GOVERNANCE

Operational

excellence and

disciplined capital

management.

STRATEGIC LOGIC

VISION

→

PRINCIPLES

→

EXECUTION

VALERO

OPERATIONALIZING THE VISION

RELIABILITY AT INDUSTRIAL SCALE

As the largest global independent refiner, Valero operates

a vast network providing products essential to modern

life.

Refineries

3.0M

BPD Capacity

3,000

Miles of Pipe

Infrastructure includes ~130 million barrels of storage and 50+

docks across the U.S., Canada, and the U.K.

AFFORDABILITY & CAPITAL DISCIPLINE

Affordability is pursued through

Operational Excellence

. By

maintaining reliability and efficient production, we ensure

competitive economics and value-creation for stakeholders.

Corporate Leadership

R. Lane Riggs — President and CEO

Joe Gorder — Executive Chairman

SUSTAINABLE ENERGY: LOW-CARBON FUELS

A leading profitable producer of low-carbon

transportation fuels and the world's second-largest

renewable diesel producer.

1.2B

Gal/Yr Ren. Diesel

Ethanol Plants

1.7B

Gal/Yr Ethanol

CASE STUDY: SUSTAINABLE AVIATION FUEL (SAF)

The Port Arthur SAF project (completed Q4 2024) allows

upgrading ~50% of renewable diesel capacity to neat

SAF. Neat SAF can lower lifecycle GHG emissions by up

to 80% compared to conventional jet fuel.

ENVIRONMENTAL STEWARDSHIP

2025 Target Met Early:

Reduced/displaced >63%

of refinery Scope 1 & 2 emissions (as of 2022).

2035 Target:

100% Global refinery Scope 1 & 2

emissions reduction/displacement.

2050 Ambition:

Reduction of >45M metric tons

CO2e across companywide Scope 1-4.

INNOVATION + INGENUITY

Applying technical expertise to optimize feedstocks, expand

renewable pathways, and improve refinery efficiency. We

evaluate emerging technologies to maintain industrial

leadership.

TEAM VALERO: PEOPLE & CULTURE

Our employees are a competitive advantage. Our culture is

defined by

Safety, Accountability, Teamwork, Excellence,

and

Doing the Right Thing.

COMMUNITY & GOVERNANCE

Community (2025 Results):

$83.4M in donations/fundraising;

139,000+ volunteer hours.

Governance:

Disciplined capital allocation and ethical

compliance standards.

RELIABLE ENERGY

•

AFFORDABLE ENERGY

•

SUSTAINABLE ENERGY

•

INNOVATION + INGENUITY

•

UNMATCHED EXECUTION

•

Sources: Valero Energy Corporation — Valero.com, Guiding Principles, About Valero, Refining, Renewables, Environmental Stewardship, current corporate publications a

company materials. Prepared from publicly available information; terminology and metrics should be verified against the latest official Valero publications before exter

distribution.

Valero Energy Vision Statement

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