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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segmented Information |
Schedule of segmented information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | ​ | ​ | Exploration | ​ | Refining and | ​ | Corporate and | ​ | ​ | ​ | ​ |
For the years ended December 31 | ​ | Oil Sands | ​ | and Production | ​ | Marketing | ​ | Eliminations | ​ | Total |
($ millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues and Other Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Gross revenues(1) |  | 21 905 |  | 15 319 |  | 4 331 |  | 2 978 |  | 36 622 |  | 22 808 |  | 49 |  | 28 |  | 62 907 |  | 41 133 | ​
Intersegment revenues(1) |  | 8 526 |  | 4 601 |  | - |  | - |  | 106 |  | 107 |  | (8 632) |  | (4 708) |  | - |  | - | ​
Less: Royalties |  | (3 963) |  | (1 523) |  | (608) |  | (478) |  | - |  | - |  | - |  | - |  | (4 571) |  | (2 001) | ​
Operating revenues, net of royalties |  | 26 468 |  | 18 397 |  | 3 723 |  | 2 500 |  | 36 728 |  | 22 915 |  | (8 583) |  | (4 680) |  | 58 336 |  | 39 132 | ​
Other (loss) income |  | (53) |  | 6 |  | 164 |  | 17 |  | (60) |  | (50) |  | 80 |  | (4) |  | 131 |  | (31) | ​
​ |  | 26 415 |  | 18 403 |  | 3 887 |  | 2 517 |  | 36 668 |  | 22 865 |  | (8 503) |  | (4 684) |  | 58 467 |  | 39 101 | ​
Expenses |  |  |  |  |  |  |  |  |  | ​ |  |  |  | ​ |  |  |  |  |  |  | ​
Purchases of crude oil and products(1) |  | 2 050 |  | 1 444 |  | - |  | - |  | 27 261 |  | 16 807 |  | (8 536) |  | (4 460) |  | 20 775 |  | 13 791 | ​
Operating, selling and general |  | 9 152 |  | 8 056 |  | 490 |  | 429 |  | 2 427 |  | 2 019 |  | 738 |  | 862 |  | 12 807 |  | 11 366 | ​
Transportation and distribution |  | 1 210 |  | 1 126 |  | 101 |  | 112 |  | 396 |  | 282 |  | (36) |  | (41) |  | 1 671 |  | 1 479 | ​
Depreciation, depletion, amortization and impairment |  | 7 927 |  | 4 585 |  | (105) |  | 324 |  | 844 |  | 853 |  | 120 |  | 88 |  | 8 786 |  | 5 850 | ​
Exploration |  | 37 |  | 12 |  | 19 |  | 35 |  | - |  | - |  | - |  | - |  | 56 |  | 47 | ​
(Gain) loss on disposal of assets |  | (7) |  | (4) |  | 66 |  | (227) |  | (11) |  | (19) |  | (3) |  | (7) |  | 45 |  | (257) | ​
Financing expenses |  | 413 |  | 359 |  | 95 |  | 53 |  | 57 |  | 56 |  | 1 446 |  | 787 |  | 2 011 |  | 1 255 | ​
​ |  | 20 782 |  | 15 578 |  | 666 |  | 726 |  | 30 974 |  | 19 998 |  | (6 271) |  | (2 771) |  | 46 151 |  | 33 531 | ​
Earnings (Loss) before Income Taxes |  | 5 633 |  | 2 825 |  | 3 221 |  | 1 791 |  | 5 694 |  | 2 867 |  | (2 232) |  | (1 913) |  | 12 316 |  | 5 570 | ​
Income Tax Expense (Recovery) |  |  |  |  |  |  |  |  |  | ​ |  |  |  | ​ |  | ​ |  |  |  |  | ​
Current |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 4 229 |  | 1 395 | ​
Deferred |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | (990) |  | 56 | ​
​ |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 3 239 |  | 1 451 | ​
Net Earnings |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 9 077 |  | 4 119 | ​
Capital and Exploration Expenditures(2) |  | 3 540 |  | 3 168 |  | 443 |  | 270 |  | 816 |  | 825 |  | 188 |  | 292 |  | 4 987 |  | 4 555 | ​
(1) | The company revised certain gross revenues and purchases of crude oil and products to align with current period presentation. For the twelve months ended December 31, 2022, gross revenues and purchases of crude oil and products decreased by $150 million, with no effect on net earnings.
(2) | Excludes capital expenditures related to assets held for sale of $133 million for the year ended December 31, 2022.
​
Schedule of disaggregation of revenue from contracts with customers and intersegment revenue | The company’s revenues are from the following major commodities and geographical regions:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the years ended December 31 | ​ | 2022 | ​ | 2021
($ millions) | ​ | North America | ​ | International | ​ | Total | ​ | North America | ​ | International | ​ | Total
Oil Sands |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Synthetic crude oil and diesel(1) |  | 22 539 | ​ | - | ​ | 22 539 | ​ | 14 452 | ​ | - | ​ | 14 452
Bitumen |  | 7 892 | ​ | - | ​ | 7 892 | ​ | 5 468 | ​ | - | ​ | 5 468
​ | ​ | 30 431 | ​ | - | ​ | 30 431 | ​ | 19 920 | ​ | - | ​ | 19 920
Exploration and Production | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Crude oil and natural gas liquids | ​ | 2 464 | ​ | 1 834 | ​ | 4 298 | ​ | 1 709 | ​ | 1 257 | ​ | 2 966
Natural gas | ​ | - | ​ | 33 | ​ | 33 | ​ | - | ​ | 12 | ​ | 12
​ | ​ | 2 464 | ​ | 1 867 | ​ | 4 331 | ​ | 1 709 | ​ | 1 269 | ​ | 2 978
Refining and Marketing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gasoline | ​ | 14 540 | ​ | - | ​ | 14 540 | ​ | 9 983 | ​ | - | ​ | 9 983
Distillate | ​ | 18 663 | ​ | - | ​ | 18 663 | ​ | 9 832 | ​ | - | ​ | 9 832
Other | ​ | 3 525 | ​ | - | ​ | 3 525 | ​ | 3 100 | ​ | - | ​ | 3 100
​ | ​ | 36 728 | ​ | - | ​ | 36 728 | ​ | 22 915 | ​ | - | ​ | 22 915
Corporate and Eliminations(1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (8 583) | ​ | - | ​ | (8 583) | ​ | (4 680) | ​ | - | ​ | (4 680)
Total Gross Revenue from Contracts with Customers |  | 61 040 | ​ | 1 867 | ​ | 62 907 | ​ | 39 864 | ​ | 1 269 | ​ | 41 133
(1) | The company revised certain gross revenues and purchases of crude oil and products to align with current period presentation. For the twelve months ended December 31, 2022, gross revenues and purchases of crude oil and products decreased by $150 million, with no effect on net earnings.
​ ​
Schedule of operating revenues and non-current assets by geographic area | Operating Revenues, net of Royalties
​ | ​ | ​ | ​ | ​ | ​
($ millions) |  | 2022 |  | 2021 |
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​
Canada |  | 49 169 |  | 32 286 | ​
United States |  | 7 544 |  | 5 818 | ​
Other foreign |  | 1 623 |  | 1 028 | ​
​ |  | 58 336 |  | 39 132 | ​
​ Non-Current Assets(1)
​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31 |  | December 31 |
($ millions) | ​ | 2022 | ​ | 2021 | ​
​ | ​ | ​ | ​ | ​ | ​
Canada |  | 66 346 |  | 68 900 | ​
United States |  | 2 629 |  | 2 020 | ​
Other foreign |  | 1 026 |  | 1 682 | ​
​ |  | 70 001 |  | 72 602 | ​
(1) | Excludes deferred income tax assets.

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