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Premcor Announces the Addition of Two New Board Members

    OLD GREENWICH, Conn., Nov. 17 /PRNewswire-FirstCall/ -- Premcor Inc.
(NYSE: PCO) today announced the election of Edward F. Kosnik and Eija
Malmivirta to the Company's Board of Directors.
    Edward F. Kosnik -- Elected on November 16, 2004 to the Board of Directors
and as a member of the Audit Committee.  Mr. Kosnik has been a member of the
Buckeye Partners, L.P. (NYSE) Board of Directors since 1986 and is also a
member of Buckeye's Finance and Audit Committees.  Mr. Kosnik served in
various positions at Berwind Group, Inc. from 1997 to 2001, most recently he
served as the President and Chief Executive Officer of Berwind Group, Inc.
    Eija Malmivirta -- Elected on November 16, 2004 to the Board of Directors
and as a member of the Nominating and Corporate Governance Committee.  Ms.
Malmivirta is presently a member of the Board of Directors of Kemira Oyj, a
chemical company, VR Group Ltd. (Finnish Railways), National Emergency Supply
Agency and Finnish National Theatre Ltd., all located in Helsinki, Finland.
She also was a board member for Tosco Corporation from 1997 to 2001.  Ms.
Malmivirta served as the Chairman and principal owner of Merei Energy Oy Ltd.
from 1996 to 2002.  Ms. Malmivirta served in various positions at Neste Oy
from 1969 to 1996, most recently as an Executive Vice President.

    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 of Premcor
    Inc., +1-203-698-5669