Valero Energy Corporation to Co-Host Webcast on Basics of Refining wit

    Business Editors/Energy Editors

    SAN ANTONIO--(BUSINESS WIRE)--Feb. 16, 2005--Valero Energy Corporation (NYSE:VLO) today announced that Rich Marcogliese, Senior Vice President of Refining Operations, will present the basics of refining in a conference call co-hosted with Lehman Brothers on Thursday, February 17 at 11:00 a.m. ET. The purpose of the presentation will be to discuss basic refining concepts. A copy of the accompanying slide show presentation and a link to the live webcast is available at www.valero.com in the Investor Relations portion of the website.
    Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 20,000 employees and annual revenues of approximately $55 billion. The company owns and operates 15 refineries throughout the United States, Canada and the Caribbean. Valero's refineries have a combined throughput capacity of approximately 2.5 million barrels per day, which represents approximately 12 percent of the total U.S. refining capacity. Valero is also one of the nation's largest retail operators with more than 4,700 retail and wholesale branded outlets in the United States, Canada and the Caribbean under various brand names including Diamond Shamrock, Shamrock, Ultramar, Valero, and Beacon. For more information, please visit www.valero.com.

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CONTACT: Valero Energy Corporation, San Antonio Investors, Eric Fisher, Vice President, Investor Relations: 210-345-2896 or Media, Mary Rose Brown, Senior Vice President, Corporate Communications: 210-345-2314 Website: http://www.valero.com /

KEYWORD: TEXAS INTERNATIONAL CANADA INDUSTRY KEYWORD: OIL/GAS RETAIL ENERGY PRODUCT SOURCE: Valero Energy Corporation

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