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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share, Basic and Diluted
Earnings 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,
2024202320242023
Earnings per common share:
Net income attributable to Valero stockholders
$364 $2,622 $2,489 $7,633 
Less: Income allocated to participating securities24 
Net income available to common stockholders$363 $2,614 $2,482 $7,609 
Weighted-average common shares outstanding318 349 324 359 
Earnings per common share$1.14 $7.49 $7.66 $21.22 
Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders
$364 $2,622 $2,489 $7,633 
Less: Income allocated to participating securities24 
Net income available to common stockholders$363 $2,614 $2,482 $7,609 
Weighted-average common shares outstanding318 349 324 359 
Effect of dilutive securities— — — — 
Weighted-average common shares outstanding –
assuming dilution
318 349 324 359 
Earnings per common share – assuming dilution$1.14 $7.49 $7.66 $21.21