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Valero Energy Corporation (VLO) Yearly Returns

Year	Begining Price	Ending Price	Gain or Loss	Percent Gain or Loss
1980	10.75	38.875	28.125	261.63%
1981	38.875	22.875	-16.00	-41.16%
1982	22.875	24.25	1.375	6.01%
1983	24.25	20.875	-3.375	-13.92%
1984	20.875	6.25	-14.625	-70.06%
1985	6.25	13.75	7.50	120.00%
1986	13.75	6.875	-6.875	-50.00%
1987	6.875	5.00	-1.875	-27.27%
1988	5.00	8.875	3.875	77.50%
1989	8.875	15.125	6.25	70.42%
1990	15.125	15.375	0.25	1.65%
1991	15.375	29.75	14.375	93.50%
1992	29.75	22.875	-6.875	-23.11%
1993	22.875	21.125	-1.75	-7.65%
1994	21.125	16.875	-4.25	-20.12%
1995	16.875	24.50	7.625	45.19%
1996	24.50	28.625	4.125	16.84%
1997	28.625	31.4375	2.8125	9.83%
1998	31.4375	21.25	-10.1875	-32.41%
1999	21.25	19.875	-1.375	-6.47%
2000	19.875	37.1875	17.3125	87.11%
2001	37.1875	38.12	0.9325	2.51%
2002	38.12	36.94	-1.18	-3.10%
2003	36.94	46.34	9.40	25.45%
2004	46.34	90.80*	44.46	95.94%
2005	45.40	103.20*	57.80	127.31%
2006	51.60	51.16	-0.44	-0.85%
2007	51.16	70.03	18.87	36.88%

*The 2004 ending price for Valero has been adjusted for a 2 for 1 stock split.
*The 2005 ending price for Valero has been adjusted for a 2 for 1 stock split.