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Consolidated Statements of Earnings - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]      
Product sales $ 41,509 $ 40,835 $ 49,530
Less: royalties (5,853) (4,867) (7,232)
Revenue 35,656 35,968 42,298
Expenses      
Production 8,093 8,480 8,712
Transportation, blending and feedstock 9,984 9,302 9,973
Depletion, depreciation and amortization 6,681 6,413 7,353
Administration 503 452 415
Share-based compensation 279 491 804
Asset retirement obligation accretion 389 366 281
Interest and other financing expense 592 636 549
Risk management loss (gain) 177 (2) (35)
Foreign exchange loss (gain) 955 (279) 738
Gain from investments (56) (56) (196)
Total expenses 27,597 25,803 28,594
Earnings before taxes 8,059 10,165 13,704
Current income tax expense 1,531 1,879 2,906
Deferred income tax expense (recovery) 422 53 (139)
Net earnings $ 6,106 $ 8,233 $ 10,937
Net earnings per common share      
Net earnings per common share - basic (in CAD per share) [1] $ 2.87 $ 3.77 $ 4.82
Net earnings per common share - diluted (in CAD per share) [1] $ 2.85 $ 3.74 $ 4.76
[1] Common share, per common share, dividend, and stock option amounts have been updated to reflect the two for one common share split (note 1).