2 Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS A LETTER FROM OUR CEO OUR BUSINESS VALERO'S VISION, GUIDING PRINCIPLES & GHG EMISSIONS REDUCTION STRATEGY ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INNOVATION FOR A LOW-CARBON FUTURE ELECTRIC VEHICLES VS. LOW-CARBON FUELS ENVIRONMENT SAFETY COMMUNITY PEOPLE GOVERNANCE SASB REPORT EEO-1 REPORT NON-GAAP DISCLOSURES AND NOTES 4 6 8 10 2 12 14 16 40 56 76 96 108 110 111 3 Valero employee at our Texas City refinery.