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Earnings (Loss) Per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of earnings (loss) per common share, basic and diluted
Earnings (loss) per common share was computed as follows (dollars and shares in millions, except per share amounts):
Three Months Ended
June 30,
Six Months Ended
June 30,
2022202120222021
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders$4,693 $162 $5,598 $(542)
Less: Income allocated to participating securities17 20 
Net income (loss) available to common stockholders$4,676 $160 $5,578 $(545)
Weighted-average common shares outstanding404 407 406 407 
Earnings (loss) per common share$11.58 $0.39 $13.75 $(1.34)
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders$4,693 $162 $5,598 $(542)
Less: Income allocated to participating securities17 20 
Net income (loss) available to common stockholders$4,676 $160 $5,578 $(545)
Weighted-average common shares outstanding404 407 406 407 
Effect of dilutive securities— — — — 
Weighted-average common shares outstanding –
assuming dilution
404 407 406 407 
Earnings (loss) per common share – assuming dilution$11.57 $0.39 $13.74 $(1.34)