Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) 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,
	2026		2025		2026		2025
Earnings per common share:
Net income attributable to Valero stockholders	$	6,828	$	1,095	$	11,811	$	1,214
Less: Income allocated to participating securities	19		3		33		3
Net income available to common stockholders	$	6,809	$	1,092	$	11,778	$	1,211
Weighted-average common shares outstanding	285		309		292		311
Earnings per common share	$	23.90	$	3.54	$	40.30	$	3.89
Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders	$	6,828	$	1,095	$	11,811	$	1,214
Less: Income allocated to participating securities	19		3		33		3
Net income available to common stockholders	$	6,809	$	1,092	$	11,778	$	1,211
Weighted-average common shares outstanding	285		309		292		311
Effect of dilutive securities	—		—		—		1
Weighted-average common shares outstanding – assuming dilution	285		309		292		312
Earnings per common share – assuming dilution	$	23.89	$	3.53	$	40.29	$	3.89