XML 33 R20.htm IDEA: XBRL DOCUMENT

Business segments (Tables)

3 Months Ended

Mar. 31, 2022


Three Months to March 31	Upstream		Downstream		Chemical
millions of Canadian dollars	2022	2021	2022	2021	2022	2021
Revenues and other income
Revenues (a)	99	2,142	12,191	4,527	367	323
Intersegment sales	4,431	1,351	1,833	773	104	53
Investment and other income (note 3)	4	-	21	5	-	-
	4,534	3,493	14,045	5,305	471	376
Expenses
Exploration	2	2	-	-	-	-
Purchases of crude oil and products	1,890	1,834	12,512	4,020	315	209
Production and manufacturing	1,249	1,109	356	326	54	50
Selling and general	-	-	147	133	23	25
Federal excise tax and fuel charge	-	-	479	404	-	-
Depreciation and depletion	373	445	41	39	5	4
Non-service pension and postretirement benefit	-	-	-	-	-	-
Financing (note 5)	-	1	-	-	-	-
Total expenses	3,514	3,391	13,535	4,922	397	288
Income (loss) before income taxes	1,020	102	510	383	74	88
Income tax expense (benefit)	238	23	121	91	18	21
Net income (loss)	782	79	389	292	56	67
Cash flows from (used in) operating activities	1,447	531	375	462	67	62
Capital and exploration expenditures (b)	222	85	68	68	1	2
Total assets as at March 31	29,182	31,754	10,179	4,909	501	462


Three Months to March 31	Corporate and other				Eliminations				Consolidated
millions of Canadian dollars	2022		2021		2022		2021		2022	2021
Revenues and other income
Revenues (a)	-		-		-		-		12,657	6,992
Intersegment sales	-		-		(6,368	)	(2,177	)	-	-
Investment and other income (note 3)	4		1		-		-		29	6
	4		1		(6,368	)	(2,177	)	12,686	6,998
Expenses
Exploration	-		-		-		-		2	2
Purchases of crude oil and products	-		-		(6,367	)	(2,176	)	8,350	3,887
Production and manufacturing	-		-		-		-		1,659	1,485
Selling and general	56		32		(1	)	(1	)	225	189
Federal excise tax and fuel charge	-		-		-		-		479	404
Depreciation and depletion	7		6		-		-		426	494
Non-service pension and postretirement benefit	4		11		-		-		4	11
Financing (note 5)	7		13		-		-		7	14
Total expenses	74		62		(6,368	)	(2,177	)	11,152	6,486
Income (loss) before income taxes	(70	)	(61	)	-		-		1,534	512
Income tax expense (benefit)	(16	)	(15	)	-		-		361	120
Net income (loss)	(54	)	(46	)	-		-		1,173	392
Cash flows from (used in) operating activities	25		(10	)	-		-		1,914	1,045
Capital and exploration expenditures (b)	5		8		-		-		296	163
Total assets as at March 31	4,136		2,346		(188	)	(464	)	43,810	39,007

(a)	Included export sales to the United States of $2,504 million (2021 - $1,569 million).

(b)

Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to finance leases, additional investments and acquisitions and the company’s share of similar costs for equity companies. CAPEX excludes the purchase of carbon emission credits.