Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

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


	Three Months Ended March 31,
		2023		2022
Earnings per common share:
Net income attributable to Valero stockholders		$	3,067	$	905
Less: Income allocated to participating securities		10		3
Net income available to common stockholders		$	3,057	$	902

Weighted-average common shares outstanding		369		408

Earnings per common share		$	8.30	$	2.21

Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders		$	3,067	$	905
Less: Income allocated to participating securities		10		3
Net income available to common stockholders		$	3,057	$	902

Weighted-average common shares outstanding		369		408
Effect of dilutive securities		—		—
Weighted-average common shares outstanding – assuming dilution		369		408

Earnings per common share – assuming dilution		$	8.29	$	2.21