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3 Consumption/Capacity Capacity and Consumption For Refinery Products Worldwide Based on data from: BP Statistical Review of World Energy 2006
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1
0
2
4
6
8
GulfCoast
Inland WestCoast
East Coast Other
Capa
city
, Mill
ions
of
Barr
els/
Day
US Refining Capacity By Location
Source: US Energy Information Agency
2
70%
80%
90%
100%
110%
1965 1970 1975 1980 1985 1990 1995 2000 2005
Cons
umpt
ion/
Capa
city
Capacity and Consumption For Refinery Products In
North American & Caribbean
Based on data from: BP Statistical Review of World Energy 2006
3
Cons
umpt
ion/
Capa
city
Capacity and Consumption For Refinery Products
Worldwide
Based on data from: BP Statistical Review of World Energy 200670%
80%
90%
100%
110%
1965 1970 1975 1980 1985 1990 1995 2000 2005
4
0
700
1400
2100
PADD 1 PADD 2 PADD 3 PADD 4 PADD 5
Thou
sand
s of
Bar
rels
/Day
US Petroleum Product Imports By Source
Source: US Energy Information Agency
OtherE. EuropeOther Western Hemisphere
Venezuela
Canada
Caribbean
W. Europe
MexicoRussiaN. Africa
Asia
5
0
3
6
9
12
15
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Nominal Refining Margins
Refin
ing
Mar
gin
($/b
bl)
(12-month averages)
US Gulf US Gulf CoastCoast
NW NW EuropeEurope
SingaporSingaporee
Source: BP Statistical Review
Global Refining Is Seeing Better Days … Recently
6
Valero Refining Margin History
0
2
4
6
8
10
12
1998 1999 2000 2001 2002 2003 2004 2005
$/ Barr
el
Margin
Cost Plus Return
Cash Cost
“US Industry Margin”
Sources: Valero Annual Reports and BP Statistical Energy Summary
