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Business Segments (Detail) - CAD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Revenues and other income      
Revenues [1] $ 12,657 $ 6,992  
Intersegment sales  
Investment and other income (note 3) 29 6  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 12,686 6,998  
Expenses      
Exploration 2 2  
Purchases of crude oil and products 8,350 3,887  
Production and manufacturing 1,659 1,485  
Selling and general 225 189  
Federal excise tax and fuel charge 479 404  
Depreciation and depletion 426 494  
Non-service pension and postretirement benefit 4 11  
Financing (note 5) 7 14  
Total expenses 11,152 6,486  
Income (loss) before income taxes 1,534 512  
Income tax expense (benefit) 361 120  
Net income (loss) 1,173 392  
Cash flows from (used in) operating activities 1,914 1,045  
Capital and exploration expenditures [2] 296 163  
Total assets as at March 31 43,810 39,007 $ 40,782
Consolidation, Eliminations      
Revenues and other income      
Revenues [1]  
Intersegment sales (6,368) (2,177)  
Investment and other income (note 3)  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME (6,368) (2,177)  
Expenses      
Exploration  
Purchases of crude oil and products (6,367) (2,176)  
Production and manufacturing  
Selling and general (1) (1)  
Federal excise tax and fuel charge  
Depreciation and depletion  
Non-service pension and postretirement benefit  
Financing (note 5)  
Total expenses (6,368) (2,177)  
Income (loss) before income taxes  
Income tax expense (benefit)  
Net income (loss)  
Cash flows from (used in) operating activities  
Capital and exploration expenditures [2]  
Total assets as at March 31 (188) (464)  
Upstream      
Revenues and other income      
Revenues [1] 99 2,142  
Intersegment sales 4,431 1,351  
Investment and other income (note 3) 4  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 4,534 3,493  
Expenses      
Exploration 2 2  
Purchases of crude oil and products 1,890 1,834  
Production and manufacturing 1,249 1,109  
Selling and general  
Federal excise tax and fuel charge  
Depreciation and depletion 373 445  
Non-service pension and postretirement benefit  
Financing (note 5) 1  
Total expenses 3,514 3,391  
Income (loss) before income taxes 1,020 102  
Income tax expense (benefit) 238 23  
Net income (loss) 782 79  
Cash flows from (used in) operating activities 1,447 531  
Capital and exploration expenditures [2] 222 85  
Total assets as at March 31 29,182 31,754  
Downstream      
Revenues and other income      
Revenues [1] 12,191 4,527  
Intersegment sales 1,833 773  
Investment and other income (note 3) 21 5  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 14,045 5,305  
Expenses      
Exploration  
Purchases of crude oil and products 12,512 4,020  
Production and manufacturing 356 326  
Selling and general 147 133  
Federal excise tax and fuel charge 479 404  
Depreciation and depletion 41 39  
Non-service pension and postretirement benefit  
Financing (note 5)  
Total expenses 13,535 4,922  
Income (loss) before income taxes 510 383  
Income tax expense (benefit) 121 91  
Net income (loss) 389 292  
Cash flows from (used in) operating activities 375 462  
Capital and exploration expenditures [2] 68 68  
Total assets as at March 31 10,179 4,909  
Chemical      
Revenues and other income      
Revenues [1] 367 323  
Intersegment sales 104 53  
Investment and other income (note 3)  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 471 376  
Expenses      
Exploration  
Purchases of crude oil and products 315 209  
Production and manufacturing 54 50  
Selling and general 23 25  
Federal excise tax and fuel charge  
Depreciation and depletion 5 4  
Non-service pension and postretirement benefit  
Financing (note 5)  
Total expenses 397 288  
Income (loss) before income taxes 74 88  
Income tax expense (benefit) 18 21  
Net income (loss) 56 67  
Cash flows from (used in) operating activities 67 62  
Capital and exploration expenditures [2] 1 2  
Total assets as at March 31 501 462  
Corporate and Other      
Revenues and other income      
Revenues [1]  
Intersegment sales  
Investment and other income (note 3) 4 1  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 4 1  
Expenses      
Exploration  
Purchases of crude oil and products  
Production and manufacturing  
Selling and general 56 32  
Federal excise tax and fuel charge  
Depreciation and depletion 7 6  
Non-service pension and postretirement benefit 4 11  
Financing (note 5) 7 13  
Total expenses 74 62  
Income (loss) before income taxes (70) (61)  
Income tax expense (benefit) (16) (15)  
Net income (loss) (54) (46)  
Cash flows from (used in) operating activities 25 (10)  
Capital and exploration expenditures [2] 5 8  
Total assets as at March 31 $ 4,136 $ 2,346  
[1] Included export sales to the United States of $2,504 million (2021 - $1,569 million).
[2] 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.