XML 78 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENTED INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Operating Segments [Abstract]  
Disclosure of operating segments
 Oil Sands Mining and Upgrading
Midstream
 Inter–segment
elimination and other
Total
 
 
 
 
 
 
 
 
 
 
 
 
2017

2016

2015

2017

2016

2015

2017

2016

2015

2017

2016

2015

$
7,072

$
2,657

$
2,764

$
102

$
114

$
136

$
(82
)
$
(55
)
$
(75
)
$
17,669

$
11,098

$
13,167

(167
)
(24
)
(49
)
—

—

—

—

—

—

(1,018
)
(575
)
(804
)
6,905

2,633

2,715

102

114

136

(82
)
(55
)
(75
)
16,651

10,523

12,363

 
 
 
 
 
 
 
 
 
 
 
 
2,600

1,292

1,332

16

25

32

(8
)
(7
)
(8
)
5,596

4,099

4,726

679

80

82

—

—

—

(85
)
(68
)
(75
)
2,917

2,003

2,379

1,220

662

562

9

11

12

—

—

—

5,186

4,858

5,483

48

29

31

—

—

—

—

—

—

164

142

173

—

—

—

—

—

—

—

—

—

(2
)
8

(843
)
(230
)
—

—

(114
)
(218
)
—

—

—

—

(379
)
(250
)
(739
)
—

—

—

(31
)
(7
)
44

—

—

—

(38
)
(327
)
50

4,317

2,063

2,007

(120
)
(189
)
88

(93
)
(75
)
(83
)
13,444

10,533

11,229

$
2,588

$
570

$
708

$
222

$
303

$
48

$
11

$
20

$
8

3,207

(10
)
1,134

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
319

345

390

 
 
 
 
 
 
 
 
 
134

355

(46
)
 
 
 
 
 
 
 
 
 
631

383

322

 
 
 
 
 
 
 
 
 
37

25

374

 
 
 
 
 
 
 
 
 
(787
)
(55
)
761

 
 
 
 
 
 
 
 
 
334

1,053

1,801

 
 
 
 
 
 
 
 
 
2,873

(1,063
)
(667
)
 
 
 
 
 
 
 
 
 
(164
)
(618
)
(261
)
 
 
 
 
 
 
 
 
 
640

(241
)
231

 
 
 
 
 
 
 
 
 
$
2,397

$
(204
)
$
(637
)
 
North America
North Sea
Offshore Africa
 
 
 
 
 
 
 
 
 
 
(millions of Canadian dollars)
2017

2016

2015

2017

2016

2015

2017

2016

2015

Segmented product sales
$
9,161

$
7,209

$
9,222

$
784

$
570

$
638

$
632

$
603

$
482

Less: royalties
(809
)
(524
)
(732
)
(1
)
(1
)
(1
)
(41
)
(26
)
(22
)
Segmented revenue
8,352

6,685

8,490

783

569

637

591

577

460

Segmented expenses
 
 
 
 
 
 
 
 
 
Production
2,362

2,186

2,603

400

403

544

226

200

223

Transportation, blending and feedstock
2,291

1,941

2,309

31

48

61

1

2

2

Depletion, depreciation and
amortization
3,243

3,465

4,248

509

458

388

205

262

273

Asset retirement obligation
accretion
80

66

93

27

35

39

9

12

10

Realized risk management activities
(2
)
8

(843
)
—

—

—

—

—

—

Gain on acquisition, disposition and revaluation of properties
(35
)
(32
)
(739
)
—

—

—

—

—

—

(Gain) loss from investments
(7
)
(320
)
6

—

—

—

—

—

—

Total segmented expenses
7,932

7,314

7,677

967

944

1,032

441

476

508

Segmented earnings (loss) before the following
$
420

$
(629
)
$
813

$
(184
)
$
(375
)
$
(395
)
$
150

$
101

$
(48
)
Non–segmented expenses
 
 
 
 
 
 
 
 
 
Administration
 
 
 
 
 
 
 
 
 
Share-based compensation
 
 
 
 
 
 
 
 
 
Interest and other financing
expense
 
 
 
 
 
 
 
 
 
Unrealized risk management
activities
 
 
 
 
 
 
 
 
 
Foreign exchange (gain) loss
 
 
 
 
 
 
 
 
 
Total non–segmented expenses
 
 
 
 
 
 
 
 
 
Earnings (loss) before taxes
 
 
 
 
 
 
 
 
 
Current income tax recovery
 
 
 
 
 
 
 
 
 
Deferred income tax expense (recovery)
 
 
 
 
 
 
 
 
 
Net earnings (loss)
 
 
 
 
 
 
 
 
 
 
 
2017
 
2016
 
 
Net (2)
 expenditures

 
Non-cash
and fair value changes (2) (3)

 
Capitalized
 costs

 
Net
expenditures (proceeds)

 
Non-cash
and fair value changes (3)

 
Capitalized
 costs

 
 
 
 
 
 
 
 
 
 
 
 
 
Exploration and
evaluation assets
 
 
 
 
 
 
 
 
 
 
 
 
Exploration and
   Production
 
 
 
 
 
 
 
 
 
 
 
 
North America (4)
 
$
160

 
$
(184
)
 
$
(24
)
 
$
17

 
$
(211
)
 
$
(194
)
North Sea
 
—

 
—

 
—

 
—

 
—

 
—

Offshore Africa
 
15

 
—

 
15

 
9

 
(18
)
 
(9
)
Oil Sands Mining
   and Upgrading
 
142

 
117

 
259

 
—

 
—

 
—

 
 
$
317

 
$
(67
)
 
$
250

 
$
26

 
$
(229
)
 
$
(203
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and
   equipment
 
 

 
 

 
 

 
 

 
 

 
 

Exploration and
   Production
 
 

 
 

 
 

 
 

 
 

 
 

North America
 
$
2,815

 
$
354

 
$
3,169

 
$
1,143

 
$
(36
)
 
$
1,107

North Sea
 
160

 
95

 
255

 
126

 
60

 
186

Offshore Africa
 
89

 
12

 
101

 
142

 
(26
)
 
116

 
 
3,064

 
461

 
3,525

 
1,411

 
(2
)
 
1,409

Oil Sands Mining
   and Upgrading (5)
 
9,592

 
5,454

 
15,046

 
2,718

 
(23
)
 
2,695

Midstream (6) (7)
 
80

 
114

 
194

 
(315
)
 
(28
)
 
(343
)
Head office
 
19

 
—

 
19

 
17

 
—

 
17

 
 
$
12,755

 
$
6,029

 
$
18,784

 
$
3,831

 
$
(53
)
 
$
3,778

(1)
This table provides a reconciliation of capitalized costs including derecognitions and does not include the impact of foreign exchange adjustments.
(2)
Net expenditures on exploration and evaluation assets and property, plant and equipment for the year ended December 31, 2017 exclude non-cash share consideration of $3,818 million issued on the acquisition of AOSP and other assets. This non-cash consideration is included in non-cash and other fair value changes.
(3)
Asset retirement obligations, transfers of exploration and evaluation assets, transfers of property, plant and equipment to inventory due to change in use, and other fair value adjustments.
(4)
The above noted figures for 2017 do not include the impact of a pre-tax cash gain of $35 million (2016 - $32 million pre-tax cash gain) on the disposition of exploration and evaluation assets.
(5)
Net expenditures for Oil Sands Mining and Upgrading include capitalized interest and share-based compensation.
(6)
The above noted figures for 2016 do not include a pre-tax cash and non-cash gain of $218 million on the disposition of certain Midstream assets to Inter Pipeline.
(7)
The above noted figures for 2017 include the impact of a pre-tax non-cash revaluation gain of $114 million ($83 million after-tax) related to a previously held joint interest in a pipeline system.
 
 
2017

 
2016

Exploration and Production
 
 
 
 
North America
 
$
28,705

 
$
28,892

North Sea
 
1,854

 
2,269

Offshore Africa
 
1,331

 
1,580

Other
 
29

 
29

Oil Sands Mining and Upgrading
 
40,559

 
24,852

Midstream
 
1,279

 
912

Head office
 
110

 
114

 
 
$
73,867

 
$
58,648