Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

SAN ANTONIO--(Business Wire)--
On July 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 September 16, 2009 to holders of record
at the close of business on August 12, 2009.

Valero Energy Corporation is a Fortune 500 company based in San Antonio with
approximately 22,000 employees and 2008 revenues of $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 seven ethanol plants in the Midwest with a
combined capacity of 780 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 the Valero, Diamond
Shamrock, Shamrock, Ultramar, and Beacon brands.

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

Copyright Business Wire 2009