Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings 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 March 31,
	2025		2024
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders	$	(595)	$	1,245
Less: Income allocated to participating securities	1		3
Net income (loss) available to common stockholders	$	(596)	$	1,242
Weighted-average common shares outstanding	314		331
Earnings (loss) per common share	$	(1.90)	$	3.75
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders	$	(595)	$	1,245
Less: Income allocated to participating securities	1		3
Net income (loss) available to common stockholders	$	(596)	$	1,242
Weighted-average common shares outstanding	314		331
Effect of dilutive securities	—		—
Weighted-average common shares outstanding – assuming dilution	314		331
Earnings (loss) per common share – assuming dilution	$	(1.90)	$	3.75