2026 Valero Report on Guiding Principles - Report - Page 36
In 2025, more than
$900,000 in tuition
reimbursement
was awarded to
employees. Over the
past six years, 182
undergraduate and
graduate degrees
and professional
certi昀椀cations have
been earned by Valero
employees receiving
tuition assistance.
Employee Tuition
Reimbursement
Valero's Educational
Assistance Program
helps employees
pursue advanced
degrees and
professional
certi昀椀cations aligned
with their roles and
career goals. By
investing in employee
learning, we strengthen
organizational
excellence while
supporting long-term
career growth.
Valero Scholarship Program for Dependents
Each year, outstanding children of Valero employees
are awarded Valero Scholarships based on academic
achievement, community involvement and leadership.
Recipients receive $2,500 annually for up to four years of
undergraduate study.
Since 1981, Valero has awarded 883 scholarships
totaling $7.4 million to employee dependents.
Customized Financial Education &
Planning
Educational workshops and resources help employees
pursue their personal 昀椀nancial goals. Employees
have access to complimentary 昀椀nancial education
webinars, including Valero's Planning for Retirement
and Financial Habits That Matter workshops, as well as
sessions hosted by 昀椀nancial service providers.
Adoption Assistance
Adopting a child is a life-changing experience for the
child and the new family. Valero is proud to support
families by reimbursing a portion of adoption-related
expenses.
Additional Benefits
In addition to retiree medical bene昀椀ts (subsidized in
certain cases), health savings account contributions
and short- and long-term disability bene昀椀ts,
Valero provides assistance for employees facing
catastrophic events, including serious illness of
a family member, funeral expenses or hardship
resulting from natural disasters. Support is provided
through a con昀椀dential process, and assistance does
not require repayment.
Taking Care of Benicia Employees in California
Throughout Valero’s transition to idle our Valero Benicia Re昀椀nery by April 2026, our top priority was
supporting our employees. We recognized that this transition was more than a business decision –
it was a major life change for many employees and their families. Our focus was to provide
stability, options and support as employees made important decisions about their futures. We
committed to continuing employment for all Benicia re昀椀nery employees in good standing
who expressed an interest in transferring within the company. Employees who remained
with Valero received retention incentive payments, while those who chose to retire or pursue
opportunities outside the company were offered separation packages that included separation
payments, outplacement services, and continued health bene昀椀ts for a period of time. As a result
of these efforts, 150 employees accepted and were transferred to 10 Valero locations across the
United States, allowing them to remain a part of the Valero family. By providing employment
opportunities, 昀椀nancial support, and transition resources, we worked to ensure employees and
their families felt supported.
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