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Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Quarterly Financial Data                      
Revenues $ 27,879 $ 27,249 $ 28,933 $ 24,263 $ 28,730 $ 30,849 $ 31,015 $ 26,439 $ 108,324 [1] $ 117,033 [1] $ 93,980 [1]
Gross profit [2] 2,003 1,119 1,123 533 1,546 1,451 1,535 1,062      
Operating income 1,739 881 908 308 1,299 1,219 1,253 801 3,836 4,572 3,563
Net income 1,330 639 648 167 1,022 874 875 582 2,784 3,353 4,156
Net income attributable to Valero Energy Corporation stockholders $ 1,060 $ 609 $ 612 $ 141 $ 952 $ 856 $ 845 $ 469 $ 2,422 $ 3,122 $ 4,065
Earnings per common share (in usd per share) $ 2.58 $ 1.48 $ 1.47 $ 0.34 $ 2.26 $ 2.01 $ 1.96 $ 1.09 $ 5.84 $ 7.30 $ 9.17
Earnings per common share – assuming dilution (in usd per share) $ 2.58 $ 1.48 $ 1.47 $ 0.34 $ 2.24 $ 2.01 $ 1.96 $ 1.09 $ 5.84 $ 7.29 $ 9.16
[1] Includes excise taxes on sales by certain of our international operations of $5,595 million, $5,626 million, and $5,573 million for the years ended December 31, 2019, 2018, and 2017.
[2]
Gross profit is calculated as revenues less total cost of sales.