Valero Promotes Rich Marcogliese to Chief Operating Officer



    Other Executives' Duties Realigned

    SAN ANTONIO, October 29 /CNW/ - Valero Energy Corporation (NYSE:  VLO)
announced today that Rich Marcogliese, Executive Vice President-Operations,
has been promoted to Executive Vice President and Chief Operating Officer by
the company's Board of Directors. In addition to refining operations, Mr.
Marcogliese will be responsible for the company's commercial operations,
including marketing, supply and transportation. Accordingly, Joe Gorder,
Executive Vice President-Marketing and Supply, will report to Mr. Marcogliese.
Also, as part of the company's realignment of duties, Valero's retail store
operations and Ultramar, Ltd., the company's Canadian subsidiary, will report
to Valero President Greg King. Mike Ciskowski, the company's Executive Vice
President and Chief Financial Officer, will continue to report to Mr. King.

    About Valero

    Valero Energy Corporation is a Fortune 500 company based in San Antonio,
with approximately 21,000 employees and 2006 annual revenues of more than $90
billion. The company owns and operates 17 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.




For further information:

For further information: 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/

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VALERO ENERGY CORPORATION

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