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VALERO ENERGY CORPORATION DECLARES DIVIDEND ON COMMON STOCK

 SAN ANTONIO, April 29 /PRNewswire/ -- The Board of Directors of Valero Energy Corporation (NYSE: VLO) today declared a regular quarterly cash dividend of $.11 per share on the company's common stock. The dividend is payable June 11, 1993 to holders of record at the close of business May 14, 1993.
 Valero Energy is involved primarily in refining of high-sulfur atmospheric residual oil into premium products, such as unleaded gasoline, at its specialized refinery in Corpus Christi, Texas, and in the marketing of those products. Through subsidiaries, Valero is general partner of and has an approximate 49 percent interest in Valero Natural Gas Partners, L.P., which has a 7,200-mile network of natural gas transmission and gathering lines throughout Texas; purchases natural gas for resale to markets throughout the United States and Mexico; provides third party gas transportation services; and is a major producer and marketer of natural gas liquids.
 -0- 4/29/93
 /CONTACT: Keith Booke of Valero Energy Corporation, 210-246-2009/
 (VLO)


CO: Valero Energy Corporation ST: Texas IN: OIL SU: DIV

WB -- NY056 -- 2609 04/29/93 11:22 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:182
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