Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings (loss) per common share was computed as follows (dollars and shares in millions, except per share amounts):


	Three Months Ended March 31,
		2022		2021
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders		$	905	$	(704)
Less: Income allocated to participating securities		3		1
Net income (loss) available to common stockholders		$	902	$	(705)

Weighted-average common shares outstanding		408		407

Earnings (loss) per common share		$	2.21	$	(1.73)

Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders		$	905	$	(704)
Less: Income allocated to participating securities		3		1
Net income (loss) available to common stockholders		$	902	$	(705)

Weighted-average common shares outstanding		408		407
Effect of dilutive securities		—		—
Weighted-average common shares outstanding – assuming dilution		408		407

Earnings (loss) per common share – assuming dilution		$	2.21	$	(1.73)