Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of earnings (loss) per common share, basic and diluted

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders	$	2,817	$	463	$	8,415	$	(79)
Less: Income allocated to participating securities	11		1		31		4
Net income (loss) available to common stockholders	$	2,806	$	462	$	8,384	$	(83)
Weighted-average common shares outstanding	390		407		400		407
Earnings (loss) per common share	$	7.20	$	1.13	$	20.94	$	(0.20)
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders	$	2,817	$	463	$	8,415	$	(79)
Less: Income allocated to participating securities	11		1		31		4
Net income (loss) available to common stockholders	$	2,806	$	462	$	8,384	$	(83)
Weighted-average common shares outstanding	390		407		400		407
Effect of dilutive securities	—		1		1		—
Weighted-average common shares outstanding – assuming dilution	390		408		401		407
Earnings (loss) per common share – assuming dilution	$	7.19	$	1.13	$	20.93	$	(0.20)