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Press release from Business Wire

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Thursday, July 28, 2011

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock16:42 EDT Thursday, July 28, 2011 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 14, 2011 to holders of record at the close of business on August 17, 2011. Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Its assets include 14 petroleum refineries with a combined throughput capacity of approximately 2.6 million barrels per day, 10 ethanol plants with a combined production capacity of 1.1 billion gallons per year, and a 50-megawatt wind farm. Valero is also one of the 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. Based in San Antonio, Valero is a Fortune 500 company with approximately 20,000 employees. 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/