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Premcor Completes Purchase of Motiva Enterprises' Delaware City Refining Complex
 
    OLD GREENWICH, Ct., May 3 /PRNewswire-FirstCall/ -- Premcor Inc.
(NYSE: PCO) today announced that it has completed the previously announced
purchase of the Delaware City refining complex from Motiva Enterprises LLC.
Motiva transferred ownership of the refinery assets effective May 1.  Premcor
financed the acquisition with net proceeds from its April 2004 common stock
and senior notes offerings, and available cash.
    Premcor Inc. is one of the largest independent petroleum refiners and
marketers of unbranded transportation fuels and heating oil in the United
States.
SOURCE Premcor Inc.



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    CONTACT:
    Media-Investors, Karyn Ovelmen,
    +1-203-698-5669, or Investors, Michelle Kilic, +1-203-698-5921,
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