Press Release

SAN ANTONIO – Valero Energy Corporation (NYSE: VLO), which has been a part of the S&P MidCap 400 Index, will be added to the S&P 500 Index on a date to be announced. According to Standard & Poor’s, Valero will replace John Hancock Financial (NYSE: JHF).

“Earning a spot in the S&P 500 is a big achievement because it recognizes that a company is among the best of the best of the publicly traded companies in the U.S. and a leader in its industry,” said Bill Greehey, Valero’s chairman and CEO. “This accomplishment is a testament to the success of our strategy, the quality of our assets, and the dedication of our employees.

“It is particularly noteworthy when you consider that seven years ago, Valero had a single refinery with a throughput capacity of 170,000 barrels per day (BPD) and revenues of approximately $2.75 billion. Today, the company has 15 refineries with 2.4 million BPD of capacity, a network of 4,500 retail sites and a major stake in a limited partnership with 4,500 miles of crude oil and product pipelines and terminals, all of which have helped increase revenues by more than 1,000 percent to $38 billion,” he said.

“Valero also reached its highest ranking at no. 34 on the list of the Fortune 500 and jumped to no. 32 from no. 70 on Fortune Magazine’s list of the ‘100 Best Companies to Work for in America.”

“But one of the most important measures of Valero’s success has been the significant return we have generated for our shareholders. Our stock has outperformed others in the industry and the market by achieving a 161 percent return over the last five years.

“This success is the result of the hard work and dedication of our employees. As I often say, ‘if you take care of the employees, they’ll take care of the shareholders.’ Our employees have proven this philosophy to be true time and time again,” Greehey said.

Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 20,000 employees and annual revenues of more than $38 billion. The company currently owns and operates 15 refineries throughout the United States, Canada and the Caribbean. Valero’s refineries have a combined throughput capacity of approximately 2.4 million barrels per day, which represents approximately 10 percent of the total U.S. refining capacity. Valero is also one of the nation’s largest retail operators with over 4,500 retail outlets in the United States, Canada and the Caribbean under various brand names including Diamond Shamrock, Ultra-mar, Valero, and Beacon.