1035002--3/1/2006--VALERO_ENERGY_CORP/TX

related topics

{gas, price, oil}

{operation, natural, condition}

{cost, regulation, environmental}

{stock, price, operating}

{interest, director, officer}

Corpus Christi East and West Refineries Our financial results are affected by volatile refining margins. Compliance with and changes in environmental laws could adversely affect our performance. Disruption of our ability to obtain crude oil could adversely affect our operations Competitors that produce their own supply of feedstocks, have more extensive retail outlets, or have greater financial resources may have a competitive advantage A significant interruption in one or more of our refineries could adversely affect our business. Our operations expose us to many operating risks, not all of which are insured EXECUTIVE OFFICERS OF THE REGISTRANT

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