SAN ANTONIO, January 22, 2014 - The Board of Directors of Valero Energy Corporation (NYSE: VLO, "Valero") has approved an increase in the company's regular quarterly cash dividend on common stock from $0.225 per share to $0.25 per share, effective with the quarterly dividend the Board has declared to be payable on March 12, 2014 to holders of record at the close of business on February 12, 2014.  The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $1.00 per share.

"This is Valero's third increase in the regular cash dividend over the past year," said Bill Klesse, Valero Chairman and CEO. "This increase demonstrates our confidence in Valero's business as well as our commitment to return cash to stockholders."

About Valero
Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 10,500 people, and assets include 16 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day, 10 ethanol plants with a combined production capacity of 1.2 billion gallons per year, a 50-megawatt wind farm, and renewable diesel production from a joint venture. Through subsidiaries, Valero owns the general partner of Valero Energy Partners LP (NYSE: VLP), a midstream master limited partnership. More than 7,300 outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a Fortune 500 company based in San Antonio. Please visit www.valero.com for more information.

Contacts
Investors: Ashley Smith, Vice President - Investor Relations, 210-345-2744
Media: Bill Day, Vice President - Media and Community Relations, 210-345-2928


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