2024 ESG Report FINAL - Report - Page 57
People
Valero Talent Pipeline
Valero’s Engineering Summit
Creating a sustainable and robust talent pipeline is
foundational to identifying and developing future
leaders. We continue to enhance our recruitment
process to reach the most talented pool of candidates
possible. Our college and university partners, intern
program and Engineering Summit help us not only
identify top talent, but also create new opportunities for
such talent to emerge.
The Freshman Engineering Summit is a four-day
immersive experience for high-performing engineering
students from various socio-economic and education
backgrounds (including 昀椀rst-generation) who completed
their freshman year of college. Through workshops,
roundtable discussions, a hands-on re昀椀nery tour, a
volunteer event and exposure to Valero’s talented
workforce, the Summit introduces a new generation
of engineering talent to the world of energy and to our
company. As part of their experience, each student
receives a $1,500 scholarship and an invitation to apply to
Valero’s next summer intern program.
Valero Intern Program
In 2023, 36% of
engineering
Through summer and ongoing
opportunities and co-ops,
interns were
we extend internships to
female.
high-performing college
students across a variety of business functions,
including engineering, accounting, commercial,
marketing, information systems, cybersecurity, legal,
communications and human resources.
For more than 25 years, the Valero Intern
Program has become the primary recruiting
vehicle for our professional workforce.
In addition to providing an avenue for students to gain
valuable job experience and to learn about Valero’s
culture, our intern program allows Valero to attract and
retain the company’s future talent. Our intern program
includes:
• Competitive pay.
• Company-paid medical and dental benefits.
• Company-matched 401(k) and Pension Plan.
• Formal mentorship program.
• Professional and personal development.
• Relocation assistance.
• Exposure to business operations, company
leadership and industry experts.
• Social and community involvement.
• Annual all-intern symposium at Valero
headquarters.
In 2023, we welcomed 290 interns to Valero
representing 43 colleges and universities.
The largest and most diverse class to
date included 39% female interns and 47%
interns representing racial/ethnic minority.
Approximately 86% of interns who received
full-time offers accepted and chose to begin
their careers at Valero.
Total People Investment
– $2.3 Billion in 202358
PAY EQUITY RATIO:
99% Gender
100% Minority
GLOBAL COMPENSATION:
$1.3 BILLION Direct Compensation
$338 MILLION Bonus Payments
$104 MILLION Incentive Stock Awards
BENEFITS AND PROGRAMS:
Physical Well-Being
$187 MILLION
Financial Well-Being $336 MILLION
Emotional Well-Being $102 MILLION
MEDIAN-PAID EMPLOYEE:
$233,331 Total Compensation54
Top 10 compensation ranking in the S&P 50059
Valero supports living wage principles.
EQUAL PAY COMMITMENT:
Valero is committed to equal pay opportunities
for all employees, regardless of protected
status.
Environmental, Social and Governance Report •
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