On April 30, 2009, the Board of Directors of Valero Energy Corporation (NYSE:VLO) declared a regular quarterly cash dividend on the company’s common stock of $0.15 per share. The dividend is payable June 17, 2009 to holders of record at the close of business on May 27, 2009.

Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and 2008 revenues of more than $119 billion. The company owns and operates 16 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately three million barrels per day, making it the largest refiner in North America. Valero is also a leading ethanol producer with six ethanol plants in the Midwest at a combined capacity of 670 million gallons per year, and is one of the nation’s largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon. Please visit www.valero.com for more information.

Valero Energy Corporation, San Antonio
Investors, Ashley Smith, Director,
Investor Relations: 210-345-2744
or
Media, Bill Day, Director, Corporate Communications:
210-345-2928
Website: http://www.valero.com/