SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018



Oil Sands Mining and Upgrading									Midstream								Inter–segment elimination and Other						Total

2018			2017			2016			2018		2017			2016			2018		2017		2016		2018			2017			2016

$	11,521		$	7,072		$	2,657		$	102	$	102		$	114		$	410	$	448	$	682	$	20,668		$	16,522		$	10,396
—			—			—			—		—			—			148		161		167		1,614			1,838			1,606
11,521			7,072			2,657			102		102			114			558		609		849		22,282			18,360			12,002
(479		)	(167		)	(24		)	—		—			—			—		—		—		(1,255		)	(1,018		)	(575		)
11,042			6,905			2,633			102		102			114			558		609		849		21,027			17,342			11,427

3,367			2,600			1,292			21		16			25			58		71		78		6,464			5,675			4,184
1,087			679			80			—		—			—			491		527		751		4,189			3,529			2,822
1,557			1,220			662			14		9			11			—		—		—		5,161			5,186			4,858
61			48			29			—		—			—			—		—		—		186			164			142
—			—			—			—		—			—			—		—		—		(10		)	(45		)	6
—			(230		)	—			—		(114		)	(218		)	—		—		—		(452		)	(379		)	(250		)
—			—			—			5		(31		)	(7		)	—		—		—		5			(31		)	(7		)
6,072			4,317			2,063			40		(120		)	(189		)	549		598		829		15,543			14,099			11,755
$	4,970		$	2,588		$	570		$	62	$	222		$	303		$	9	$	11	$	20	$	5,484		$	3,243		$	(328	)

																							325			319			345
																							(146		)	134			355
																							739			631			383
																							(124		)	80			27
																							827			(787		)	(55		)
																							341			(7		)	(320		)
																							1,962			370			735
																							3,522			2,873			(1,063		)
																							374			(164		)	(618		)
																							557			640			(241		)
																							$	2,591		$	2,397		$	(204	)



	North America									North Sea									Offshore Africa

(millions of Canadian dollars)	2018			2017			2016			2018			2017			2016			2018			2017			2016
Segmented product sales
Crude oil and NGLs	$	7,254		$	7,655		$	5,933		$	753		$	666		$	478		$	628		$	579		$	532
Natural gas	1,256			1,506			1,276			140			118			92			70			53			71
Total segmented product sales	8,510			9,161			7,209			893			784			570			698			632			603
Less: royalties	(723		)	(809		)	(524		)	(2		)	(1		)	(1		)	(51		)	(41		)	(26		)
Segmented revenue	7,787			8,352			6,685			891			783			569			647			591			577
Segmented expenses
Production	2,405			2,362			2,186			405			400			403			208			226			200
Transportation, blending and feedstock	2,587			2,291			1,941			22			31			48			2			1			2
Depletion, depreciation and amortization	3,132			3,243			3,465			257			509			458			201			205			262
Asset retirement obligation accretion	87			80			66			29			27			35			9			9			12
Realized risk management (commodity derivatives)	(10		)	(45		)	6			—			—			—			—			—			—
Gain on acquisition, disposition and revaluation of properties	(277		)	(35		)	(32		)	(139		)	—			—			(36		)	—			—
Equity loss (gain) from investments	—			—			—			—			—			—			—			—			—
Total segmented expenses	7,924			7,896			7,632			574			967			944			384			441			476
Segmented earnings (loss) before the following	$	(137	)	$	456		$	(947	)	$	317		$	(184	)	$	(375	)	$	263		$	150		$	101
Non–segmented expenses
Administration
Share-based compensation
Interest and other financing expense
Risk management activities (other)
Foreign exchange loss (gain)
Loss (gain) from investments
Total non–segmented expenses
Earnings (loss) before taxes
Current income tax expense (recovery)
Deferred income tax expense (recovery)
Net earnings (loss)



	2018		2017
Exploration and Production
North America	$	27,199	$	28,705
North Sea	1,699		1,854
Offshore Africa	1,471		1,331
Other	33		29
Oil Sands Mining and Upgrading	39,634		40,559
Midstream	1,413		1,279
Head office	110		110
	$	71,559	$	73,867



	2018									2017
	Net expenditures			Non-cash and fair value changes			Capitalized costs			Net expenditures ⁽²⁾		Non-cash and fair value changes ⁽²⁾			Capitalized costs

Exploration and evaluation assets
Exploration and Production
North America ⁽³⁾	$	118		$	(52	)	$	66		$	160	$	(184	)	$	(24	)
North Sea	—			—			—			—		—			—
Offshore Africa ⁽⁴⁾	(54		)	—			(54		)	15		—			15
Oil Sands Mining and Upgrading	218			(225		)	(7		)	142		117			259
	$	282		$	(277	)	$	5		$	317	$	(67	)	$	250

Property, plant and equipment
Exploration and Production
North America	$	2,553		$	(362	)	$	2,191		$	2,815	$	354		$	3,169
North Sea	131			(597		)	(466		)	160		95			255
Offshore Africa	228			(86		)	142			89		12			101
	2,912			(1,045		)	1,867			3,064		461			3,525
Oil Sands Mining and Upgrading ⁽⁵⁾	1,229			(166		)	1,063			9,592		5,454			15,046
Midstream ⁽⁶⁾	13			—			13			80		114			194
Head office	21			—			21			19		—			19
	$	4,175		$	(1,211	)	$	2,964		$	12,755	$	6,029		$	18,784


(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)	The above noted figures for 2017 exclude the impact of a pre-tax cash gain of $35 million on the disposition of certain exploration and evaluation assets.


(4)	The above noted figures for 2018 exclude the impact of a pre-tax cash gain of $16 million on the disposition of certain exploration and evaluation assets.


(5)	Net expenditures for Oil Sands Mining and Upgrading include capitalized interest and share-based compensation.


(6)	Included in 2017 is 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.