2009-01-21 01:36:03 -

On January 20, 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 March 11, 2009 to holders of record at the close of business on February 11, 2009.


Valero Energy Corporation is a Fortune 500 company based in

San Antonio, with approximately 22,000 employees and 2007 revenues of more than $95 billion. The company owns and operates 16 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.1 million barrels per day, making it the largest refiner in North America. Valero is also 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: www.valero.com/