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SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2020
SEGMENTED INFORMATION |
Segmented Information |
For the years ended December 31 |  | Oil Sands |  | Exploration and Production |  | Refining and Marketing |  | Corporate and Eliminations |  | Total |  |
($ millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Revenues and Other Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | 7 792 |  | 13 948 |  | 1 899 |  | 3 675 |  | 15 180 |  | 22 216 |  | 29 |  | 27 |  | 24 900 |  | 39 866 |  |
Intersegment revenues |  | 2 825 |  | 4 399 |  | — |  | — |  | 92 |  | 88 |  | (2 917 | ) | (4 487 | ) | — |  | — |  |
Less: Royalties |  | (95 | ) | (917 | ) | (143 | ) | (605 | ) | — |  | — |  | — |  | — |  | (238 | ) | (1 522 | ) |
Operating revenues, net of royalties |  | 10 522 |  | 17 430 |  | 1 756 |  | 3 070 |  | 15 272 |  | 22 304 |  | (2 888 | ) | (4 460 | ) | 24 662 |  | 38 344 |  |
Other income (loss) |  | 298 |  | 172 |  | 54 |  | 430 |  | 48 |  | 75 |  | (10 | ) | (32 | ) | 390 |  | 645 |  |
|  | 10 820 |  | 17 602 |  | 1 810 |  | 3 500 |  | 15 320 |  | 22 379 |  | (2 898 | ) | (4 492 | ) | 25 052 |  | 38 989 |  |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of crude oil and products |  | 844 |  | 1 407 |  | — |  | — |  | 11 243 |  | 15 296 |  | (2 975 | ) | (4 141 | ) | 9 112 |  | 12 562 |  |
Operating, selling and general |  | 7 169 |  | 8 027 |  | 476 |  | 525 |  | 1 892 |  | 2 173 |  | 390 |  | 519 |  | 9 927 |  | 11 244 |  |
Transportation |  | 1 223 |  | 1 293 |  | 100 |  | 80 |  | 138 |  | 120 |  | (43 | ) | (51 | ) | 1 418 |  | 1 442 |  |
Depreciation, depletion, amortization and impairment |  | 6 430 |  | 8 170 |  | 2 147 |  | 1 505 |  | 867 |  | 823 |  | 82 |  | 74 |  | 9 526 |  | 10 572 |  |
Exploration |  | 57 |  | 127 |  | 129 |  | 129 |  | — |  | — |  | — |  | — |  | 186 |  | 256 |  |
(Gain) loss on disposal of assets |  | (1 | ) | (14 | ) | — |  | (228 | ) | (24 | ) | (11 | ) | 9 |  | — |  | (16 | ) | (253 | ) |
Financing expenses |  | 336 |  | 318 |  | 47 |  | 73 |  | 37 |  | 55 |  | 576 |  | 187 |  | 996 |  | 633 |  |
|  | 16 058 |  | 19 328 |  | 2 899 |  | 2 084 |  | 14 153 |  | 18 456 |  | (1 961 | ) | (3 412 | ) | 31 149 |  | 36 456 |  |
(Loss) earnings before Income Taxes |  | (5 238 | ) | (1 726 | ) | (1 089 | ) | 1 416 |  | 1 167 |  | 3 923 |  | (937 | ) | (1 080 | ) | (6 097 | ) | 2 533 |  |
Income Tax (Recovery) Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | (645 | ) | 266 |  | 64 |  | 626 |  | 325 |  | 972 |  | (403 | ) | (312 | ) | (659 | ) | 1 552 |  |
Deferred |  | (797 | ) | (1 565 | ) | (321 | ) | (215 | ) | (24 | ) | (49 | ) | 23 |  | (89 | ) | (1 119 | ) | (1 918 | ) |
|  | (1 442 | ) | (1 299 | ) | (257 | ) | 411 |  | 301 |  | 923 |  | (380 | ) | (401 | ) | (1 778 | ) | (366 | ) |
Net (Loss) Earnings |  | (3 796 | ) | (427 | ) | (832 | ) | 1 005 |  | 866 |  | 3 000 |  | (557 | ) | (679 | ) | (4 319 | ) | 2 899 |  |
Capital and Exploration Expenditures |  | 2 736 |  | 3 522 |  | 489 |  | 1 070 |  | 515 |  | 818 |  | 186 |  | 148 |  | 3 926 |  | 5 558 |  |
Disaggregation of revenue from contracts with customers |
For the years ended December 31 | 2020 |  | 2019 |  |
($ millions) | North America |  | International |  | Total |  | North America |  | International |  | Total |  |
Oil Sands(1) |  |  |  |  |  |  |  |  |  |  |  |  |
| SCO and diesel | 8 574 |  | — |  | 8 574 |  | 13 567 |  | — |  | 13 567 |  |
| Bitumen | 2 043 |  | — |  | 2 043 |  | 4 780 |  | — |  | 4 780 |  |
| 10 617 |  | — |  | 10 617 |  | 18 347 |  | — |  | 18 347 |  |
Exploration and Production |  |  |  |  |  |  |  |  |  |  |  |  |
| Crude oil and natural gas liquids | 1 089 |  | 806 |  | 1 895 |  | 1 922 |  | 1 747 |  | 3 669 |  |
| Natural gas | — |  | 4 |  | 4 |  | — |  | 6 |  | 6 |  |
| 1 089 |  | 810 |  | 1 899 |  | 1 922 |  | 1 753 |  | 3 675 |  |
Refining and Marketing |  |  |  |  |  |  |  |  |  |  |  |  |
| Gasoline | 6 585 |  | — |  | 6 585 |  | 9 941 |  | — |  | 9 941 |  |
| Distillate | 6 525 |  | — |  | 6 525 |  | 9 447 |  | — |  | 9 447 |  |
| Other | 2 162 |  | — |  | 2 162 |  | 2 916 |  | — |  | 2 916 |  |
| 15 272 |  | — |  | 15 272 |  | 22 304 |  | — |  | 22 304 |  |
Corporate and Eliminations | (2 888 | ) | — |  | (2 888 | ) | (4 460 | ) | — |  | (4 460 | ) |
Total Gross Revenue from Contracts with Customers | 24 090 |  | 810 |  | 24 900 |  | 38 113 |  | 1 753 |  | 39 866 |  |
(1) | Prior period amounts have been reclassified to conform with current period presentation.
Geographical breakdown of operating revenue and non-current assets | Operating Revenues, net of Royalties
($ millions) |  | 2020 |  | 2019 |
Canada |  | 20 588 |  | 31 157 |
United States |  | 3 312 |  | 5 737 |
Other foreign |  | 762 |  | 1 450 |
|  | 24 662 |  | 38 344 |
Non-Current Assets(1)
($ millions) |  | December 31 2020 |  | December 31 2019 |
Canada |  | 71 040 |  | 75 190 |
United States |  | 1 856 |  | 1 957 |
Other foreign |  | 2 125 |  | 2 173 |
|  | 75 021 |  | 79 320 |
(1) | Excludes deferred income tax assets.

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