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Property Plant And Equipment
12 Months Ended
Dec. 31, 2018
PROPERTY, PLANT AND EQUIPMENT.  
PROPERTY, PLANT AND EQUIPMENT

15. PROPERTY, PLANT AND EQUIPMENT

                                                                                                                                                                                                                                                      

($ millions)

 

Oil and Gas
Properties

 

Plant and
Equipment

 

Total

 

 


Cost

 

 

 

 

 

 

 

 


At December 31, 2016

 

34 141

 

73 537

 

107 678

 

 


 

Additions

 

1 235

 

5 875

 

7 110

 

 


 

Acquisitions (note 32)

 

25

 

310

 

335

 

 


 

Changes in decommissioning and restoration

 

821

 

22

 

843

 

 


 

Disposals and derecognition

 

 

(884

)

(884

)

 


 

Foreign exchange adjustments

 

(13

)

(256

)

(269

)

 


 

Reclassified from assets held for sale (note 34)

 

 

35

 

35

 

 


At December 31, 2017

 

36 209

 

78 639

 

114 848

 

 


 

Additions

 

1 221

 

3 958

 

5 179

 

 


 

Transfers from exploration and evaluation

 

31

 

 

31

 

 


 

Acquisitions (notes 31, 32 and 36)

 

289

 

948

 

1 237

 

 


 

Changes in decommissioning and restoration

 

85

 

(22

)

63

 

 


 

Disposals and derecognition

 

(375

)

(4 785

)

(5 160

)

 


 

Foreign exchange adjustments

 

385

 

291

 

676

 

 


At December 31, 2018

 

37 845

 

79 029

 

116 874

 

 



Accumulated provision


 


 


 


 


 


 


 


 


At December 31, 2016

 

(16 062

)

(20 357

)

(36 419

)

 


 

Depreciation and depletion

 

(1 916

)

(3 514

)

(5 430

)

 


 

Disposals and derecognition

 

 

368

 

368

 

 


 

Foreign exchange adjustments

 

3

 

126

 

129

 

 


 

Reclassified from assets held for sale (note 34)

 

 

(3

)

(3

)

 


At December 31, 2017

 

(17 975

)

(23 380

)

(41 355

)

 


 

Depreciation and depletion

 

(1 739

)

(3 849

)

(5 588

)

 


 

Disposals and derecognition

 

255

 

4 545

 

4 800

 

 


 

Foreign exchange adjustments

 

(324

)

(162

)

(486

)

 


At December 31, 2018

 

(19 783

)

(22 846

)

(42 629

)

 



Net property, plant and equipment


 


 


 


 


 


 


 


 


 

December 31, 2017

 

18 234

 

55 259

 

73 493

 

 


 

December 31, 2018

 

18 062

 

56 183

 

74 245

 

 


                                                                                                                                                                                    

 

                                                                                                                                                                                    

 

 

                   December 31, 2018

 

                   December 31, 2017

 

 

 


 


($ millions)

 

Cost

 

Accumulated
Provision

 

Net Book
Value

 

Cost

 

Accumulated
Provision

 

Net Book
Value

 


Oil Sands

 

80 295

 

(22 654

)

57 641

 

79 625

 

(22 664

)

56 961

 


Exploration and Production

 

21 867

 

(14 075

)

7 792

 

21 007

 

(12 990

)

8 017

 


Refining and Marketing

 

13 627

 

(5 092

)

8 535

 

13 137

 

(4 906

)

8 231

 


Corporate, Energy Trading and Eliminations

 

1 085

 

(808

)

277

 

1 079

 

(795

)

284

 


 

 

116 874

 

(42 629

)

74 245

 

114 848

 

(41 355

)

73 493

 


At December 31, 2018, the balance of assets under construction and not subject to depreciation or depletion was $4.7 billion (December 31, 2017 – $15.9 billion).

At December 31, 2018, Property, Plant and Equipment included finance leases with a net book value of $1.4 billion (December 31, 2017 – $1.4 billion).