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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Profit or loss [abstract]      
Product sales $ 22,282 $ 18,360 [1] $ 12,002 [1]
Less: royalties (1,255) (1,018) (575)
Revenue 21,027 17,342 11,427
Expenses      
Production 6,464 5,675 [1] 4,184 [1]
Transportation, blending and feedstock 4,189 3,529 [1] 2,822 [1]
Depletion, depreciation and amortization 5,161 5,186 4,858
Administration 325 319 345
Share-based compensation (146) 134 355
Asset retirement obligation accretion 186 164 142
Interest and other financing expense 739 631 383
Risk management activities (134) 35 33
Foreign exchange loss (gain) 827 (787) (55)
Gain on acquisition, disposition and revaluation of properties (452) (379) (250)
Loss (gain) from investments 346 (38) (327)
Total expenses 17,505 14,469 12,490
Earnings (loss) before taxes 3,522 2,873 (1,063)
Current income tax expense (recovery) 374 (164) (618)
Deferred income tax expense (recovery) 557 640 (241)
Net earnings (loss) $ 2,591 $ 2,397 $ (204)
Net earnings (loss) per common share      
Basic earnings (loss) per share (in CAD per share) $ 2.13 $ 2.04 $ (0.19)
Diluted earnings (loss) per share (in CAD per share) $ 2.12 $ 2.03 $ (0.19)
[1] In connection with adoption of IFRS 15 on January 1, 2018, the Company has reclassified certain comparative amounts in a manner consistent with the presentation adopted for the year ended December 31, 2018 (see note 2).