XML 34 R4.htm IDEA: XBRL DOCUMENT 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