Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025		Jun. 30, 2024
Revenues	[1]	$ 29,889	$ 34,490	$ 60,147		$ 66,249
Cost of sales:
Cost of materials and other	[2]	26,332	30,943	53,880		58,625
Operating expenses (excluding depreciation and amortization expense reflected below)		1,522	1,424	3,045		2,835
Depreciation and amortization expense		786	684	1,466		1,367
Total cost of sales		28,640	33,051	58,391		62,827
Asset impairment loss		0	0	1,131	[3]	0
Other operating expenses		4	3	8		37
General and administrative expenses (excluding depreciation and amortization expense reflected below)		220	203	481		461
Depreciation and amortization expense		28	12	39		24
Operating income		997	1,221	97		2,900
Other income, net		86	122	206		266
Interest and debt expense, net of capitalized interest		(141)	(140)	(278)		(280)
Income before income tax expense		942	1,203	25		2,886
Income tax expense		279	277	14		630
Net income		663	926	11		2,256
Less: Net income (loss) attributable to noncontrolling interests		(51)	46	(108)		131
Net income attributable to Valero Energy Corporation stockholders		$ 714	$ 880	$ 119		$ 2,125
Earnings per common share (in dollars per share)		$ 2.28	$ 2.71	$ 0.37		$ 6.47
Weighted-average common shares outstanding (in shares)		312	324	313		327
Earnings per common share – assuming dilution (in dollars per share)		$ 2.28	$ 2.71	$ 0.37		$ 6.47
Weighted-average common shares outstanding – assuming dilution (in shares)		312	324	313		327
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,662	$ 1,456	$ 3,166		$ 2,843

[1] Includes excise taxes on sales by certain of our foreign operations of $1,662 million and $1,456 million for the three months ended June 30, 2025 and 2024, respectively, and $3,166 million and $2,843 million for the six months ended June 30, 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 $140 million and $191 million for the three and six months ended June 30, 2025, respectively, and the blender’s tax credit on qualified fuel mixtures of $308 million and $639 million for the three and six months ended June 30, 2024, respectively.

[3] The asset impairment loss was recognized in our Refining segment in March 2025.