Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Revenues	[1]	$ 30,258	$ 31,759
Cost of sales:
Cost of materials and other	[2]	27,548	27,682
Operating expenses (excluding depreciation and amortization expense reflected below)		1,523	1,411
Depreciation and amortization expense		680	683
Total cost of sales		29,751	29,776
Asset impairment loss		1,131	0
Other operating expenses		4	34
General and administrative expenses (excluding depreciation and amortization expense reflected below)		261	258
Depreciation and amortization expense		11	12
Operating income (loss)		(900)	1,679
Other income, net		120	144
Interest and debt expense, net of capitalized interest		(137)	(140)
Income (loss) before income tax expense (benefit)		(917)	1,683
Income tax expense (benefit)		(265)	353
Net income (loss)		(652)	1,330
Less: Net income (loss) attributable to noncontrolling interests		(57)	85
Net income (loss) attributable to Valero Energy Corporation stockholders		$ (595)	$ 1,245
Earnings (loss) per common share (in dollars per share)		$ (1.90)	$ 3.75
Weighted-average common shares outstanding (in shares)		314	331
Earnings (loss) per common share – assuming dilution (in dollars per share)		$ (1.90)	$ 3.75
Weighted-average common shares outstanding – assuming dilution (in shares)		314	331
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,504	$ 1,387

[1] Includes excise taxes on sales by certain of our foreign operations of $1,504 million and $1,387 million for the three months ended March 31, 2025 and 2024, respectively.

[2] Cost of materials and other for our Renewable Diesel segment is net of the clean fuel production credit on qualifying sales of certain low-carbon transportation fuels of $51 million for the three months ended March 31, 2025 and the blender’s tax credit on qualified fuel mixtures of $331 million for the three months ended March 31, 2024.