Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (Unaudited)

22. QUARTERLY FINANCIAL DATA (Unaudited)

The following table summarizes quarterly financial data for the years ended December 31, 2014 and 2013 (in millions, except per share amounts). The amounts shown below differ from those previously reported in our quarterly reports on Form 10-Q for the quarters ended March 31, 2013 and 2014 due to the abandonment of the Aruba Refinery in May 2014 as discussed in Note 2. The results of operations of the Aruba Refinery have been presented as discontinued operations for all periods presented.

	2014 Quarter Ended
	March 31		June 30		September 30		December 31
Operating revenues	$	33,663	$	34,914	$	34,408	$	27,859
Operating income	1,351		1,085		1,670		1,796
Net income	836		593		1,062		1,220
Net income attributable to Valero Energy Corporation stockholders	828		588		1,059		1,155
Earnings per common share	1.55		1.11		2.01		2.22
Earnings per common share – assuming dilution	1.54		1.10		2.00		2.22
	2013 Quarter Ended
	March 31		June 30 (a)		September 30		December 31
Operating revenues	33,474		34,034		36,137		34,429
Operating income	1,058		805		532		1,562
Net income	652		465		324		1,287
Net income attributable to Valero Energy Corporation stockholders	654		466		312		1,288
Earnings per common share	1.18		0.86		0.58		2.39
Earnings per common share – assuming dilution	1.18		0.85		0.57		2.38

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(a) The separation of our retail business was completed on May 1, 2013.