Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025		Sep. 30, 2024
Revenues	[1]	$ 32,168	$ 32,876	$ 92,315		$ 99,125
Cost of sales:
Cost of materials and other	[2]	27,958	29,965	81,838		88,590
Operating expenses (excluding depreciation and amortization expense reflected below)		1,614	1,482	4,659		4,317
Depreciation and amortization expense		824	675	2,290		2,042
Total cost of sales		30,396	32,122	88,787		94,949
Asset impairment loss		0	0	1,131	[3]	0
Other operating expenses		5	3	13		40
General and administrative expenses (excluding depreciation and amortization expense reflected below)		246	234	727		695
Depreciation and amortization expense		12	10	51		34
Operating income		1,509	507	1,606		3,407
Other income, net		86	123	292		389
Interest and debt expense, net of capitalized interest		(139)	(141)	(417)		(421)
Income before income tax expense		1,456	489	1,481		3,375
Income tax expense		390	96	404		726
Net income		1,066	393	1,077		2,649
Less: Net income (loss) attributable to noncontrolling interests		(29)	29	(137)		160
Net income attributable to Valero Energy Corporation stockholders		$ 1,095	$ 364	$ 1,214		$ 2,489
Earnings per common share (in dollars per share)		$ 3.54	$ 1.14	$ 3.89		$ 7.66
Weighted-average common shares outstanding (in shares)		309	318	311		324
Earnings per common share – assuming dilution (in dollars per share)		$ 3.53	$ 1.14	$ 3.89		$ 7.66
Weighted-average common shares outstanding – assuming dilution (in shares)		309	318	312		324
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,827	$ 1,539	$ 4,993		$ 4,382

[1] Includes excise taxes on sales by certain of our foreign operations of $1,827 million and $1,539 million for the three months ended September 30, 2025 and 2024, respectively, and $4,993 million and $4,382 million for the nine months ended September 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 $206 million and $397 million for the three and nine months ended September 30, 2025, respectively, and the blender’s tax credit on qualified fuel mixtures of $313 million and $952 million for the three and nine months ended September 30, 2024, respectively.

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