Valero Energy Corporation To Announce Third Quarter 2008 Earnings Results October 28, 2008

Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com.

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.

SOURCE: Valero Energy Corporation

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/