Congratulating Valero Energy Corporation of San Antonio on its inclusion in the 2009 annual Fortune 500 listing.
Impact
The resolution serves to celebrate Valero’s accomplishments and its substantial contribution to the Texas economy, reflecting community pride in having a major corporate player that provides approximately 22,000 jobs. By recognizing Valero publicly, the Texas House of Representatives aims to foster a spirit of support for homegrown businesses that enhance the state's economic landscape. This also reinforces the narrative of Texas as a hub for large, influential corporations in the energy sector.
Summary
HR2065 is a resolution congratulating Valero Energy Corporation for its inclusion in the 2009 Fortune 500 list of America's largest companies. Valero, based in San Antonio, is recognized for being the largest refiner in North America, with a significant presence that includes 16 refineries and nearly 6,000 retail outlets across the United States, Canada, and the Caribbean. The resolution highlights the company’s impressive financial performance, reporting revenues exceeding $118 billion in 2008, and acknowledges the leadership of CEO William R. Klesse in steering the company toward success.
Contention
While the resolution is largely celebratory and does not contain points of contention, it is indicative of the dynamics between governmental recognition and corporate achievement. The inclusion in the Fortune 500 can be seen as both an honor and a reflection of the corporate environment in Texas, which some may argue necessitates balanced regulations in the energy sector to ensure sustainable economic growth alongside environmental stewardship.