Exhibit 12.01

VALERO ENERGY CORPORATION

STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Millions of Dollars)

	Six Months Ended June 30, 2014
					Year Ended December 31,
					2013				2012				2011				2010				2009
Earnings:
Income (loss) from continuing operations before income tax expense (benefit), excluding income from equity investees	$	2,257			$	3,957			$	3,702			$	3,322			$	1,481			$	(334	)
Add:
Fixed charges	334				677				711				735				743				701
Amortization of capitalized interest	17				32				25				23				20				18
Distributions from equity investees	4				3				1				—				10				—
Less:
Interest capitalized	(35		)		(118		)		(221		)		(152		)		(90		)		(105		)
Total earnings	$	2,577			$	4,551			$	4,218			$	3,928			$	2,164			$	280
Fixed charges:
Interest and debt expense, net of capitalized interest	$	198			$	365			$	313			$	401			$	484			$	416
Interest capitalized	35				118				221				152				90				105
Rental expense interest factor (a)	101				194				177				182				169				180
Total fixed charges	$	334			$	677			$	711			$	735			$	743			$	701
Ratio of earnings to fixed charges	7.7			x	6.7			x	5.9			x	5.3			x	2.9			x	(b)

(a) The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense.

(b) For the year ended December 31, 2009, earnings were insufficient to cover fixed charges by $421 million. The deficiency included the effect of a $222 million pre-tax impairment loss resulting from the permanent cancellation of certain capital projects classified as “construction in progress” as a result of the unfavorable impact of the economic slowdown on refining industry fundamentals during the year. The deficiency was also partially attributable to a $120 million loss contingency accrual related to our dispute of a turnover tax on export sales in Aruba.