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Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

SAN ANTONIO-( Business Wire )-

The Board of Directors of Valero Energy Corporation (NYSE:VLO) has declared a regular quarterly cash dividend on the company’s common stock of $0.05 per share. The dividend is payable on September 15, 2010 to holders of record at the close of business on August 18, 2010.

Valero Energy Corporation is a Fortune 500 company based in San Antonio with approximately 21,000 employees. The company owns or operates 15 refineries with a combined throughput capacity of approximately 2.8 million barrels per day. Valero is also a leading ethanol producer with ten ethanol plants in the Midwest with a combined capacity of 1.1 billion 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. Please visit www.valero.com for more information.

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

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INDEXDJX:.DJI

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