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Consolidated Statements of Earnings (Loss) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Profit or loss [abstract]      
Product sales $ 32,854 $ 17,491 $ 24,394
Less: royalties (2,797) (598) (1,523)
Revenue 30,057 16,893 22,871
Expenses      
Production 7,152 6,280 6,277
Transportation, blending and feedstock 6,604 4,498 4,699
Depletion, depreciation and amortization 5,724 6,046 5,546
Administration 366 391 344
Share-based compensation 514 (82) 223
Asset retirement obligation accretion 185 205 190
Interest and other financing expense 711 756 836
Risk management activities 36 (7) 77
Foreign exchange gain (127) (275) (570)
Gain on acquisitions (478) (217) 0
Income from North West Redwater Partnership (400) 0 0
(Gain) loss from investments (141) 171 293
Total expenses 20,146 17,766 17,915
Earnings (loss) before taxes 9,911 (873) 4,956
Current income tax expense (recovery) 1,848 (257) 434
Deferred income tax expense (recovery) 399 (181) (894)
Net earnings (loss) $ 7,664 $ (435) $ 5,416
Net earnings (loss) per common share      
Basic earnings per share (in CAD per share) $ 6.49 $ (0.37) $ 4.55
Diluted earnings per share (in CAD per share) $ 6.46 $ (0.37) $ 4.54