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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2018
SEGMENTED INFORMATION |
Segmented Information |
For the years ended December 31 |  | Oil Sands |  | Exploration and Production |  | Refining and Marketing |  | Corporate, Energy Trading and Eliminations |  | Total |  |
($ millions) |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017 |  |
|  | (restated – note 5) |  |  |  |  |  | (restated – note 5) |  | (restated – note 5) |  | (restated – note 5) |  |
Revenues and Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | 12 039 |  | 9 723 |  | 3 869 |  | 3 487 |  | 23 655 |  | 19 612 |  | 29 |  | 63 |  | 39 592 |  | 32 885 |  |
Intersegment revenues |  | 3 704 |  | 3 551 |  | — |  | — |  | 69 |  | 92 |  | (3 773 | ) | (3 643 | ) | — |  | — |  |
Less: Royalties |  | (398 | ) | (355 | ) | (652 | ) | (576 | ) | — |  | — |  | — |  | — |  | (1 050 | ) | (931 | ) |
Operating revenues, net of royalties |  | 15 345 |  | 12 919 |  | 3 217 |  | 2 911 |  | 23 724 |  | 19 704 |  | (3 744 | ) | (3 580 | ) | 38 542 |  | 31 954 |  |
Other income (loss) |  | 288 |  | 86 |  | (71 | ) | (14 | ) | 21 |  | 73 |  | 206 |  | (20 | ) | 444 |  | 125 |  |
|  | 15 633 |  | 13 005 |  | 3 146 |  | 2 897 |  | 23 745 |  | 19 777 |  | (3 538 | ) | (3 600 | ) | 38 986 |  | 32 079 |  |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of crude oil and products |  | 1 563 |  | 623 |  | — |  | — |  | 16 656 |  | 14 011 |  | (4 086 | ) | (3 513 | ) | 14 133 |  | 11 121 |  |
Operating, selling and general |  | 7 570 |  | 6 257 |  | 503 |  | 422 |  | 1 979 |  | 1 950 |  | 521 |  | 559 |  | 10 573 |  | 9 188 |  |
Transportation |  | 1 144 |  | 827 |  | 85 |  | 86 |  | 137 |  | 110 |  | (47 | ) | (26 | ) | 1 319 |  | 997 |  |
Depreciation, depletion, amortization and impairment |  | 4 024 |  | 3 782 |  | 967 |  | 1 028 |  | 683 |  | 685 |  | 64 |  | 106 |  | 5 738 |  | 5 601 |  |
Exploration |  | 44 |  | 15 |  | 78 |  | 89 |  | — |  | — |  | — |  | — |  | 122 |  | 104 |  |
(Gain) loss on asset exchange and disposal of assets |  | (108 | ) | (50 | ) | 91 |  | — |  | (7 | ) | (455 | ) | — |  | (97 | ) | (24 | ) | (602 | ) |
Financing expenses (income) |  | 320 |  | 180 |  | 46 |  | 36 |  | 7 |  | 15 |  | 1 769 |  | (477 | ) | 2 142 |  | (246 | ) |
|  | 14 557 |  | 11 634 |  | 1 770 |  | 1 661 |  | 19 455 |  | 16 316 |  | (1 779 | ) | (3 448 | ) | 34 003 |  | 26 163 |  |
Earnings (Loss) before Income Taxes |  | 1 076 |  | 1 371 |  | 1 376 |  | 1 236 |  | 4 290 |  | 3 461 |  | (1 759 | ) | (152 | ) | 4 983 |  | 5 916 |  |
Income Tax Expense (Recovery) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | (128 | ) | 192 |  | 680 |  | 617 |  | 1 098 |  | 941 |  | (400 | ) | (541 | ) | 1 250 |  | 1 209 |  |
Deferred |  | 351 |  | 170 |  | (112 | ) | (113 | ) | 39 |  | (138 | ) | 162 |  | 330 |  | 440 |  | 249 |  |
|  | 223 |  | 362 |  | 568 |  | 504 |  | 1 137 |  | 803 |  | (238 | ) | (211 | ) | 1 690 |  | 1 458 |  |
Net Earnings (Loss) |  | 853 |  | 1 009 |  | 808 |  | 732 |  | 3 153 |  | 2 658 |  | (1 521 | ) | 59 |  | 3 293 |  | 4 458 |  |
Capital and Exploration Expenditures |  | 3 546 |  | 5 059 |  | 946 |  | 824 |  | 856 |  | 634 |  | 58 |  | 34 |  | 5 406 |  | 6 551 |  |
Disaggregation of revenue from contracts with customers |
For the twelve months ended December 31 | 2018 |  | 2017 |  |
($ millions) | North America |  | International |  | Total |  | North America |  | International |  | Total |  |
Oil Sands |  |  |  |  |  |  |  |  |  |  |  |  |
| SCO and diesel | 11 659 |  | — |  | 11 659 |  | 11 244 |  | — |  | 11 244 |  |
| Bitumen | 4 084 |  | — |  | 4 084 |  | 2 030 |  | — |  | 2 030 |  |
| 15 743 |  | — |  | 15 743 |  | 13 274 |  | — |  | 13 274 |  |
Exploration and Production |  |  |  |  |  |  |  |  |  |  |  |  |
| Crude oil and natural gas liquids | 1 741 |  | 2 112 |  | 3 853 |  | 1 326 |  | 2 133 |  | 3 459 |  |
| Natural gas | 3 |  | 13 |  | 16 |  | 10 |  | 18 |  | 28 |  |
| 1 744 |  | 2 125 |  | 3 869 |  | 1 336 |  | 2 151 |  | 3 487 |  |
Refining and Marketing |  |  |  |  |  |  |  |  |  |  |  |  |
| Gasoline | 10 819 |  | — |  | 10 819 |  | 9 075 |  | — |  | 9 075 |  |
| Distillate | 9 698 |  | — |  | 9 698 |  | 7 800 |  | — |  | 7 800 |  |
| Other | 3 207 |  | — |  | 3 207 |  | 2 829 |  | — |  | 2 829 |  |
| 23 724 |  | — |  | 23 724 |  | 19 704 |  | — |  | 19 704 |  |
Corporate, Energy Trading and Eliminations | (3 744 | ) | — |  | (3 744 | ) | (3 580 | ) | — |  | (3 580 | ) |
Total Revenue from Contracts with Customers | 37 467 |  | 2 125 |  | 39 592 |  | 30 734 |  | 2 151 |  | 32 885 |  |
Geographical breakdown of operating revenue and non-current assets | Geographical Information Operating Revenues, net of Royalties
($ millions) |  | 2018 |  | 2017 |
|  | (restated – note 5) |
Canada |  | 30 418 |  | 25 551 |
United States |  | 5 999 |  | 4 252 |
Other foreign |  | 2 125 |  | 2 151 |
|  | 38 542 |  | 31 954 |
Non-Current Assets(1)
($ millions) |  | December 31 2018 |  | December 31 2017 |
Canada |  | 76 708 |  | 76 091 |
United States |  | 1 889 |  | 1 712 |
Other foreign |  | 2 154 |  | 2 014 |
|  | 80 751 |  | 79 817 |
(1) Excludes deferred income tax assets.

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