Valero Energy Corporation announced the pricing terms of its previously announced cash tender offer (the ?Any and All Tender Offer?) for any and all of its outstanding 2.700% Senior Notes due 2023 (the ?Any and All Notes?). The terms and conditions of the Any and All Tender Offer are described in the Offer to Purchase, dated November 18, 2021 (the ?Offer to Purchase?). The Any and All Tender Offer is scheduled to expire at 5:00 p.m., New York City time, November 24, 2021, unless extended or earlier terminated. Upon consummation of the Any and All Tender Offer, Valero will pay the Total Consideration (as shown in the table above) for each $1,000 principal amount of Any and All Notes validly tendered and accepted for payment, plus accrued and unpaid interest up to, but not including, November 30, 2021, the expected settlement date for the Any and All Tender Offer. The Total Consideration was calculated in the manner described in the Offer to Purchase by reference to the fixed spread specified in the table above plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified in the table above at 2:00 p.m., New York City time, on November 24, 2021.