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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating revenues $ 33,663 $ 33,474
Costs and expenses:    
Cost of sales 30,630 30,685
Operating expenses:    
Refining 973 876
Retail 0 169
Ethanol 129 77
General and administrative expenses 160 176
Depreciation and amortization expense 421 430
Total costs and expenses 32,313 32,413
Operating income 1,350 1,061
Other income, net 15 14
Interest and debt expense, net of capitalized interest (100) (83)
Income before income tax expense 1,265 992
Income tax expense 429 340
Net income 836 652
Less: Net income (loss) attributable to noncontrolling interests 8 (2)
Net income attributable to Valero Energy Corporation stockholders $ 828 $ 654
Earnings per common share $ 1.55 $ 1.18
Weighted-average common shares outstanding (in millions) 531 550
Earnings per common share – assuming dilution $ 1.54 $ 1.18
Weighted-average common shares outstanding – assuming dilution (in millions) 536 556
Dividends per common share $ 0.25 $ 0.20