XML 135 R105.htm IDEA: XBRL DOCUMENT v3.24.1
Segmented Information - Operating Segments Earnings (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue [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
Asset retirement obligation accretion 366 281 185
Risk management activities (commodity derivatives) 14 7 (17)
Gain on acquisitions 0 0 (478)
Income from North West Redwater Partnership 0 0 (400)
Total expenses 25,803 28,594 20,146
Earnings before taxes 10,165 13,704 9,911
Administration 452 415 366
Share-based compensation 491 804 514
Interest and other financing expense 636 549 711
Net unrealized risk management loss (gain) 12 (28) 19
Foreign exchange (gain) loss (279) 738 (127)
Gain from investments (56) (196) (141)
Current income tax expense 1,879 2,906 1,848
Deferred corporate income tax 53 (139) 399
Net earnings 8,233 10,937 7,664
Accumulated depletion and depreciation      
Expenses      
Recoverability charge 436 1,620  
Total Segments      
Revenue [abstract]      
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
Asset retirement obligation accretion 366 281 185
Risk management activities (commodity derivatives) (24) (18) (29)
Gain on acquisitions 0 0 (478)
Income from North West Redwater Partnership 0 0 (400)
Total expenses 24,585 26,337 18,816
Earnings before taxes 11,383 15,961 11,241
Total Segments | Other Income And Revenue      
Revenue [abstract]      
Revenue 960 1,285 882
Total Segments | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 40,835 49,530 32,854
North Sea      
Expenses      
Recoverability charge 436 1,620  
Operating segments | North America      
Revenue [abstract]      
Less: royalties (2,443) (3,918) (1,694)
Revenue 17,317 21,985 15,387
Expenses      
Production 3,617 3,754 2,963
Transportation, blending and feedstock 5,808 6,394 4,772
Depletion, depreciation and amortization 3,679 3,595 3,569
Asset retirement obligation accretion 234 171 101
Risk management activities (commodity derivatives) (24) (18) (29)
Gain on acquisitions 0 0 (478)
Income from North West Redwater Partnership 0 0 0
Total expenses 13,362 13,932 10,956
Earnings before taxes 3,955 8,053 4,431
Operating segments | North America | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 0 0  
Operating segments | North America | Other Income And Revenue      
Revenue [abstract]      
Revenue 10 217 119
Operating segments | North America | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 19,760 25,903 17,081
Operating segments | North Sea      
Revenue [abstract]      
Less: royalties (1) (1) (1)
Revenue 441 635 610
Expenses      
Production 342 437 383
Transportation, blending and feedstock 7 6 7
Depletion, depreciation and amortization 494 1,747 160
Asset retirement obligation accretion 46 33 21
Risk management activities (commodity derivatives) 0 0 0
Gain on acquisitions 0 0 0
Income from North West Redwater Partnership 0 0 0
Total expenses 889 2,223 571
Earnings before taxes (448) (1,588) 39
Operating segments | North Sea | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 436 1,620  
Operating segments | North Sea | Other Income And Revenue      
Revenue [abstract]      
Revenue 0 0 (1)
Operating segments | North Sea | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 442 636 611
Operating segments | Offshore Africa      
Revenue [abstract]      
Less: royalties (57) (71) (21)
Revenue 580 686 437
Expenses      
Production 141 114 91
Transportation, blending and feedstock 1 1 1
Depletion, depreciation and amortization 213 173 142
Asset retirement obligation accretion 8 7 6
Risk management activities (commodity derivatives) 0 0 0
Gain on acquisitions 0 0 0
Income from North West Redwater Partnership 0 0 0
Total expenses 363 295 240
Earnings before taxes 217 391 197
Operating segments | Offshore Africa | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 0 0  
Operating segments | Offshore Africa | Other Income And Revenue      
Revenue [abstract]      
Revenue 9 8 7
Operating segments | Offshore Africa | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 637 757 458
Operating segments | Oil Sands Mining and Upgrading      
Revenue [abstract]      
Less: royalties (2,366) (3,242) (1,081)
Revenue 16,300 17,711 13,025
Expenses      
Production 3,989 4,076 3,414
Transportation, blending and feedstock 2,563 2,652 1,505
Depletion, depreciation and amortization 2,011 1,822 1,838
Asset retirement obligation accretion 78 70 57
Risk management activities (commodity derivatives) 0 0 0
Gain on acquisitions 0 0 0
Income from North West Redwater Partnership 0 0 0
Total expenses 8,641 8,620 6,814
Earnings before taxes 7,659 9,091 6,211
Operating segments | Oil Sands Mining and Upgrading | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 0 0  
Operating segments | Oil Sands Mining and Upgrading | Other Income And Revenue      
Revenue [abstract]      
Revenue 5 149 73
Operating segments | Oil Sands Mining and Upgrading | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 18,666 20,953 14,106
Operating segments | Midstream and Refining      
Revenue [abstract]      
Less: royalties 0 0 0
Revenue 1,002 986 759
Expenses      
Production 332 271 234
Transportation, blending and feedstock 664 691 550
Depletion, depreciation and amortization 16 16 15
Asset retirement obligation accretion 0 0 0
Risk management activities (commodity derivatives) 0 0 0
Gain on acquisitions 0 0 0
Income from North West Redwater Partnership 0 0 (400)
Total expenses 1,012 978 399
Earnings before taxes (10) 8 360
Operating segments | Midstream and Refining | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 0 0  
Operating segments | Midstream and Refining | Other Income And Revenue      
Revenue [abstract]      
Revenue 926 906 681
Operating segments | Midstream and Refining | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 1,002 986 759
Non-segmented      
Expenses      
Total expenses 1,218 2,257 1,330
Administration 452 415 366
Share-based compensation 491 804 514
Interest and other financing expense 636 549 711
Net unrealized risk management loss (gain) (26) (53) 7
Foreign exchange (gain) loss (279) 738 (127)
Gain from investments (56) (196) (141)
Non-segmented | Accumulated depletion and depreciation      
Expenses      
Recoverability charge 0 0  
 Inter-segment elimination and Other      
Revenue [abstract]      
Less: royalties 0 0 0
Revenue 328 295 (161)
Expenses      
Production 59 60 67
Transportation, blending and feedstock 259 229 (231)
Depletion, depreciation and amortization 0 0 0
Asset retirement obligation accretion 0 0 0
Risk management activities (commodity derivatives) 0 0 0
Gain on acquisitions 0 0 0
Income from North West Redwater Partnership 0 0 0
Total expenses 318 289 (164)
Earnings before taxes 10 6 3
 Inter-segment elimination and Other | Other Income And Revenue      
Revenue [abstract]      
Revenue 10 5 3
 Inter-segment elimination and Other | Crude Oil, Natural Gas Liquids, Natural Gas, Other Income And Revenue      
Revenue [abstract]      
Revenue 328 295 (161)
Crude Oil and NGLs       | Total Segments      
Revenue [abstract]      
Product sales 37,300 43,009 29,256
Crude Oil and NGLs       | Operating segments | North America      
Revenue [abstract]      
Product sales 17,375 20,755 14,478
Crude Oil and NGLs       | Operating segments | North Sea      
Revenue [abstract]      
Product sales 435 623 607
Crude Oil and NGLs       | Operating segments | Offshore Africa      
Revenue [abstract]      
Product sales 577 694 420
Crude Oil and NGLs       | Operating segments | Oil Sands Mining and Upgrading      
Revenue [abstract]      
Product sales 18,661 20,804 14,033
Crude Oil and NGLs       | Operating segments | Midstream and Refining      
Revenue [abstract]      
Product sales 76 80 78
Crude Oil and NGLs       |  Inter-segment elimination and Other      
Revenue [abstract]      
Product sales 176 53 (360)
Natural gas | Total Segments      
Revenue [abstract]      
Product sales 2,575 5,236 2,716
Natural gas | Operating segments | North America      
Revenue [abstract]      
Product sales 2,375 4,931 2,484
Natural gas | Operating segments | North Sea      
Revenue [abstract]      
Product sales 7 13 5
Natural gas | Operating segments | Offshore Africa      
Revenue [abstract]      
Product sales 51 55 31
Natural gas | Operating segments | Oil Sands Mining and Upgrading      
Revenue [abstract]      
Product sales 0 0 0
Natural gas | Operating segments | Midstream and Refining      
Revenue [abstract]      
Product sales 0 0 0
Natural gas |  Inter-segment elimination and Other      
Revenue [abstract]      
Product sales $ 142 $ 237 $ 196