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v3.24.1

Consolidated Statements of Earnings - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Profit or loss [abstract] |  |  |
Product sales | $ 40,835 | $ 49,530 | $ 32,854
Less: royalties | (4,867) | (7,232) | (2,797)
Revenue | 35,968 | 42,298 | 30,057
Expenses |  |  |
Production | 8,480 | 8,712 | 7,152
Transportation, blending and feedstock | 9,302 | 9,973 | 6,604
Depletion, depreciation and amortization | 6,413 | 7,353 | 5,724
Administration | 452 | 415 | 366
Share-based compensation | 491 | 804 | 514
Asset retirement obligation accretion | 366 | 281 | 185
Interest and other financing expense | 636 | 549 | 711
Risk management activities (gain) loss | (2) | (35) | 36
Foreign exchange (gain) loss | (279) | 738 | (127)
Gain on acquisitions | 0 | 0 | (478)
Income from North West Redwater Partnership | 0 | 0 | (400)
Gain from investments | (56) | (196) | (141)
Total expenses | 25,803 | 28,594 | 20,146
Earnings before taxes | 10,165 | 13,704 | 9,911
Current income tax expense | 1,879 | 2,906 | 1,848
Deferred income tax expense (recovery) | 53 | (139) | 399
Net earnings | $ 8,233 | $ 10,937 | $ 7,664
Net earnings per common share |  |  |
Net earnings per common share - basic (in CAD per share) | $ 7.54 | $ 9.64 | $ 6.49
Net earnings per common share - diluted (in CAD per share) | $ 7.47 | $ 9.52 | $ 6.46

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