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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
9.    EARNINGS PER COMMON SHARE

Earnings 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,
2026202520262025
Earnings per common share:
Net income attributable to Valero stockholders
$3,720 $714 $4,983 $119 
Less: Income allocated to participating securities10 2 14 2 
Net income available to common stockholders
$3,710 $712 $4,969 $117 
Weighted-average common shares outstanding294 312 296 313 
Earnings per common share
$12.62 $2.28 $16.79 $0.37 
Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders
$3,720 $714 $4,983 $119 
Less: Income allocated to participating securities10 2 14 2 
Net income available to common stockholders
$3,710 $712 $4,969 $117 
Weighted-average common shares outstanding294 312 296 313 
Effect of dilutive securities— — — — 
Weighted-average common shares outstanding –
assuming dilution
294 312 296 313 
Earnings per common share – assuming dilution
$12.62 $2.28 $16.78 $0.37 

Participating securities include restricted stock and performance awards granted under our 2020 Omnibus Stock Incentive Plan. Dilutive securities include participating securities. For the three and six months ended June 30, 2026 and 2025, we computed earnings per common share – assuming dilution using the two-class method for all dilutive securities.