Absolutely! However, the command changes a little bit - you have to provide a variable to select INTO:
CREATE OR REPLACE PROCEDURE xyz AS
v_ename emp.ename%TYPE;
v_salary emp.salary%TYPE;
BEGIN
SELECT ename, salary
INTO v_ename, v_salary
FROM emp
WHERE emp_id = 75;
.
.
.
END;
Also, be advised that the query must return one and only one row. If no rows are returned, Oracle will raise a NO_DATA_FOUND exception. If more than one row is returned, you will get a TOO_MANY_ROWS error.
If you need to select more than one row at a time, you will want to use an explicit cursor.