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v3.19.3.a.u2

SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
SEGMENTED INFORMATION |
Segmented Information |
For the years ended December 31(1)(2) |  | Oil Sands |  | Exploration and Production |  | Refining and Marketing |  | Corporate and Eliminations |  | Total |  |
($ millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  |
Revenues and Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | 13 948 |  | 12 039 |  | 3 675 |  | 3 869 |  | 22 216 |  | 23 655 |  | 27 |  | 29 |  | 39 866 |  | 39 592 |  |
Intersegment revenues |  | 4 399 |  | 3 704 |  | — |  | — |  | 88 |  | 123 |  | (4 487 | ) | (3 827 | ) | — |  | — |  |
Less: Royalties |  | (917 | ) | (398 | ) | (605 | ) | (652 | ) | — |  | — |  | — |  | — |  | (1 522 | ) | (1 050 | ) |
Operating revenues, net of royalties |  | 17 430 |  | 15 345 |  | 3 070 |  | 3 217 |  | 22 304 |  | 23 778 |  | (4 460 | ) | (3 798 | ) | 38 344 |  | 38 542 |  |
Other income (loss) |  | 172 |  | 387 |  | 430 |  | (68 | ) | 75 |  | 68 |  | (32 | ) | 57 |  | 645 |  | 444 |  |
|  | 17 602 |  | 15 732 |  | 3 500 |  | 3 149 |  | 22 379 |  | 23 846 |  | (4 492 | ) | (3 741 | ) | 38 989 |  | 38 986 |  |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of crude oil and products |  | 1 407 |  | 1 563 |  | — |  | — |  | 15 296 |  | 16 656 |  | (4 141 | ) | (4 086 | ) | 12 562 |  | 14 133 |  |
Operating, selling and general |  | 8 027 |  | 7 577 |  | 525 |  | 507 |  | 2 173 |  | 2 043 |  | 519 |  | 446 |  | 11 244 |  | 10 573 |  |
Transportation |  | 1 293 |  | 1 144 |  | 80 |  | 85 |  | 120 |  | 147 |  | (51 | ) | (57 | ) | 1 442 |  | 1 319 |  |
Depreciation, depletion, amortization and impairment |  | 8 170 |  | 4 024 |  | 1 505 |  | 967 |  | 823 |  | 684 |  | 74 |  | 63 |  | 10 572 |  | 5 738 |  |
Exploration |  | 127 |  | 44 |  | 129 |  | 78 |  | — |  | — |  | — |  | — |  | 256 |  | 122 |  |
(Gain) loss on asset exchange and disposal of assets |  | (14 | ) | (108 | ) | (228 | ) | 91 |  | (11 | ) | (7 | ) | — |  | — |  | (253 | ) | (24 | ) |
Financing expenses |  | 318 |  | 320 |  | 73 |  | 46 |  | 55 |  | 7 |  | 187 |  | 1 769 |  | 633 |  | 2 142 |  |
|  | 19 328 |  | 14 564 |  | 2 084 |  | 1 774 |  | 18 456 |  | 19 530 |  | (3 412 | ) | (1 865 | ) | 36 456 |  | 34 003 |  |
(Loss) earnings before Income Taxes |  | (1 726 | ) | 1 168 |  | 1 416 |  | 1 375 |  | 3 923 |  | 4 316 |  | (1 080 | ) | (1 876 | ) | 2 533 |  | 4 983 |  |
Income Tax (Recovery) Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 266 |  | (128 | ) | 626 |  | 680 |  | 972 |  | 1 090 |  | (312 | ) | (392 | ) | 1 552 |  | 1 250 |  |
Deferred |  | (1 565 | ) | 351 |  | (215 | ) | (112 | ) | (49 | ) | 72 |  | (89 | ) | 129 |  | (1 918 | ) | 440 |  |
|  | (1 299 | ) | 223 |  | 411 |  | 568 |  | 923 |  | 1 162 |  | (401 | ) | (263 | ) | (366 | ) | 1 690 |  |
Net (Loss) Earnings |  | (427 | ) | 945 |  | 1 005 |  | 807 |  | 3 000 |  | 3 154 |  | (679 | ) | (1 613 | ) | 2 899 |  | 3 293 |  |
Capital and Exploration Expenditures |  | 3 522 |  | 3 546 |  | 1 070 |  | 946 |  | 818 |  | 856 |  | 148 |  | 58 |  | 5 558 |  | 5 406 |  |
(1) | Beginning in 2019, results from the company's Energy Trading business are included within each of the respective operating business segments to which the respective trading activity relates. The Energy Trading business was previously reported within the Corporate, Energy Trading and Eliminations segment. Prior periods have been restated to reflect this change. The results from the company's Renewable Energy business continue to be included within the Corporate and Eliminations segment.
(2) | The company adopted IFRS 16 on January 1, 2019 using the modified retrospective transition approach and, therefore, prior periods have not been restated. Refer to note 5 for further information.
Disaggregation of revenue from contracts with customers |
For the years ended December 31 (1) | 2019 |  | 2018 |  |
($ millions) | North America |  | International |  | Total |  | North America |  | International |  | Total |  |
Oil Sands |  |  |  |  |  |  |  |  |  |  |  |  |
| SCO and diesel | 13 368 |  | — |  | 13 368 |  | 11 659 |  | — |  | 11 659 |  |
| Bitumen | 4 979 |  | — |  | 4 979 |  | 4 084 |  | — |  | 4 084 |  |
| 18 347 |  | — |  | 18 347 |  | 15 743 |  | — |  | 15 743 |  |
Exploration and Production |  |  |  |  |  |  |  |  |  |  |  |  |
| Crude oil and natural gas liquids | 1 922 |  | 1 747 |  | 3 669 |  | 1 741 |  | 2 112 |  | 3 853 |  |
| Natural gas | — |  | 6 |  | 6 |  | 3 |  | 13 |  | 16 |  |
| 1 922 |  | 1 753 |  | 3 675 |  | 1 744 |  | 2 125 |  | 3 869 |  |
Refining and Marketing |  |  |  |  |  |  |  |  |  |  |  |  |
| Gasoline | 9 941 |  | — |  | 9 941 |  | 10 819 |  | — |  | 10 819 |  |
| Distillate | 9 447 |  | — |  | 9 447 |  | 9 698 |  | — |  | 9 698 |  |
| Other | 2 916 |  | — |  | 2 916 |  | 3 261 |  | — |  | 3 261 |  |
| 22 304 |  | — |  | 22 304 |  | 23 778 |  | — |  | 23 778 |  |
Corporate and Eliminations | (4 460 | ) | — |  | (4 460 | ) | (3 798 | ) | — |  | (3 798 | ) |
Total Gross Revenue from Contracts with Customers | 38 113 |  | 1 753 |  | 39 866 |  | 37 467 |  | 2 125 |  | 39 592 |  |
(1) | Beginning in 2019, results from the company's Energy Trading business are included within each of the respective operating business segments to which the respective trading activity relates. The Energy Trading business was previously reported within the Corporate, Energy Trading and Eliminations segment. Prior periods have been restated to reflect this change. The results from the company's Renewable Energy business continue to be included within the Corporate and Eliminations segment.
Geographical breakdown of operating revenue and non-current assets | Operating Revenues, net of Royalties
($ millions) |  | 2019 |  | 2018 |
Canada |  | 31 157 |  | 30 813 |
United States |  | 5 737 |  | 5 999 |
Other foreign |  | 1 450 |  | 1 730 |
|  | 38 344 |  | 38 542 |
Non-Current Assets(1)
($ millions) |  | December 31 2019 |  | December 31 2018 |
Canada |  | 75 190 |  | 76 708 |
United States |  | 1 957 |  | 1 889 |
Other foreign |  | 2 173 |  | 2 154 |
|  | 79 320 |  | 80 751 |
(1) | Excludes deferred income tax assets.

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