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v3.24.1

Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment |
Disclosure of changes in property, plant and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Oil and Gas |  | Plant and |  | ​ |
($ millions) | ​ | Properties | ​ | Equipment | ​ | Total | ​
Cost |  |  |  |  |  |  | ​
At December 31, 2021 |  | 41 230 |  | 85 329 |  | 126 559 | ​
Additions |  | 1 149 | ​ | 4 261 | ​ | 5 410 | ​
Transfers from exploration and evaluation |  | 34 | ​ | - | ​ | 34 | ​
Changes in decommissioning and restoration |  | 1 321 | ​ | (10) | ​ | 1 311 | ​
Disposals and derecognition |  | (585) | ​ | (884) | ​ | (1 469) | ​
Foreign exchange adjustments | ​ | 101 | ​ | 218 | ​ | 319 | ​
Reclassified to assets held for sale (note 33) | ​ | (4 475) | ​ | (480) | ​ | (4 955) | ​
At December 31, 2022 |  | 38 775 |  | 88 434 |  | 127 209 | ​
Additions | ​ | 591 | ​ | 5 477 | ​ | 6 068 | ​
Acquisition (note 16)(1) |  | 1 793 | ​ | 6 076 | ​ | 7 869 | ​
Transfers | ​ | 958 | ​ | (958) | ​ | - | ​
Changes in decommissioning and restoration |  | 1 346 | ​ | 94 | ​ | 1 440 | ​
Disposals and derecognition |  | (8) | ​ | (1 850) | ​ | (1 858) | ​
Foreign exchange adjustments |  | (128) | ​ | (87) | ​ | (215) | ​
Divestitures (note 16)(1) | ​ | (2 226) | ​ | (12 705) | ​ | (14 931) | ​
At December 31, 2023 |  | 41 101 |  | 84 481 |  | 125 582 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated provision | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2021 |  | (25 227) |  | (35 786) |  | (61 013) | ​
Depreciation, depletion, amortization and impairment |  | (1 049) | ​ | (7 347) | ​ | (8 396) | ​
Disposals and derecognition | ​ | 510 | ​ | 338 | ​ | 848 | ​
Foreign exchange adjustments | ​ | (60) | ​ | (107) | ​ | (167) | ​
Reclassified to assets held for sale (note 33) |  | 4 111 | ​ | 62 | ​ | 4 173 | ​
At December 31, 2022 |  | (21 715) |  | (42 840) |  | (64 555) | ​
Depreciation, depletion, amortization and impairment |  | (1 686) | ​ | (4 352) | ​ | (6 038) | ​
Transfers | ​ | (1 090) | ​ | 1 090 | ​ | - | ​
Disposals and derecognition |  | 4 | ​ | 1 611 | ​ | 1 615 | ​
Foreign exchange adjustments |  | 132 | ​ | 23 | ​ | 155 | ​
Divestitures (note 16)(1) |  | 1 044 | ​ | 9 847 | ​ | 10 891 | ​
At December 31, 2023 |  | (23 311) |  | (34 621) |  | (57 932) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net property, plant and equipment | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022 |  | 17 060 | ​ | 45 594 | ​ | 62 654 | ​
December 31, 2023 |  | 17 790 | ​ | 49 860 | ​ | 67 650 | ​
(1) | In connection with both the Teck acquisition (note 16) and the TotalEnergies Canada acquisition (note16), Suncor was deemed to have divested of its pre-existing interest in Fort Hills, presented as divestments, and re-acquired it at fair value. As such, acquisitions include 100% of the fair value of property, plant and equipment related to the TotalEnergies Canada acquisition, including the reevaluations of the existing working interest and the remaining capacity on a regional pipeline.
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Accumulated |  | Net Book |  | ​ |  | Accumulated |  | Net Book |
($ millions) | ​ | Cost | ​ | Provision | ​ | Value | ​ | Cost | ​ | Provision | ​ | Value | ​
Oil Sands |  | 89 230 | ​ | (37 629) |  | 51 601 |  | 92 601 | ​ | (45 288) |  | 47 313 | ​
Exploration and Production |  | 17 364 | ​ | (11 750) |  | 5 614 |  | 16 541 | ​ | (11 360) |  | 5 181 | ​
Refining and Marketing |  | 17 923 | ​ | (8 038) |  | 9 885 |  | 17 101 | ​ | (7 435) |  | 9 666 | ​
Corporate and Eliminations |  | 1 065 | ​ | (515) |  | 550 |  | 966 | ​ | (472) |  | 494 | ​
​ |  | 125 582 |  | (57 932) |  | 67 650 |  | 127 209 |  | (64 555) |  | 62 654 | ​

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