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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Consolidated Statements of Income    
Operating revenues (a) $ 33,474 $ 35,167
Costs and expenses:    
Cost of sales 30,685 33,035
Operating expenses:    
Refining 876 964
Retail 169 166
Ethanol 77 87
General and administrative expenses 176 164
Depreciation and amortization expense 430 384
Asset impairment losses 0 611
Total costs and expenses 32,413 35,411
Operating income (loss) 1,061 (244)
Other income, net 14 6
Interest and debt expense, net of capitalized interest (83) (99)
Income (loss) before income tax expense 992 (337)
Income tax expense 340 95
Net income (loss) 652 (432)
Less: Net loss attributable to noncontrolling interests (2) 0
Net income (loss) attributable to Valero Energy Corporation stockholders 654 (432)
Earnings per common share $ 1.18 $ (0.78)
Weighted-average common shares outstanding (in millions) 550 551
Earnings per common share – assuming dilution $ 1.18 $ (0.78)
Weighted-average common shares outstanding - assuming dilution (in millions) 556 551
Dividends per common share $ 0.20 $ 0.15
Supplemental Information    
(a) Includes excise taxes on sales by our U.S. retail system $ 236 $ 234